Property Overview & Key Characteristics
This is a classic 1961-built, one-storey bungalow on an exceptionally large, 19,098 sqft lot in the Eric Coy neighbourhood. The home itself offers 1,106 sqft of living space with an unfinished basement and an attached garage. Its standout feature is the land: the lot size ranks in the top 2% of all properties in Winnipeg, offering immense privacy and space that is rare in the city. While the house is of a modest size and era, its appeal lies squarely in its potential. The value here is in the canvas it provides—whether for extensive landscaping, future expansions, or a complete rebuild. It suits a practical buyer looking for a solid entry point into a mature neighbourhood, a developer eyeing the lot's potential, or a long-term planner who values space and privacy over a turn-key modern home.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The property's lot is larger than 98% of all residential lots in Winnipeg, placing it in the top 2%. This isn't just a big yard; it's a uniquely sizable parcel for the city, offering uncommon scope for additions, gardens, or recreational space.
2. The house was built in 1961. What should I expect?
As a 65-year-old bungalow, buyers should anticipate the need for updates to mechanical systems, windows, and insulation to meet modern efficiency standards. The unfinished basement presents both a project and an opportunity to customize additional living space.
3. How does the assessment value relate to the asking price?
The municipal assessment is $373,000, which serves as a tax valuation baseline, not a market price. The actual listing price will be set by the seller based on current market conditions, the property's unique lot size, and its potential.
4. Is the unfinished basement a drawback?
Not necessarily. While it requires investment to finish, it offers flexible, blank-slate space. For some buyers, avoiding the cost and design constraints of a previous owner's renovation is a benefit.
5. Who would this property not be suitable for?
It may not suit buyers seeking a modern, move-in-ready home without renovation projects. Those prioritizing immediate, high-end finishes and layouts over long-term lot potential might find better options elsewhere.