Property Overview & Key Characteristics
This property is defined by its substantial, mature lot in the Eric Coy neighbourhood. The primary appeal lies in the exceptional land size of over 27,000 sqft, which places it in the top 1% of all properties in Winnipeg for lot area. This offers rare potential for privacy, gardening, expansion, or future subdivision (subject to city approval). The home itself is a modest 1,296 sqft, one-storey bungalow with a finished basement, built in 1970. Its rankings indicate a home that is average in size and age for its immediate area but sits on a truly standout parcel of land. The value is further supported by an assessed value that ranks highly city-wide.
It would best suit a buyer who prioritizes land over a large existing footprint. This could be a family seeking space for children and pets, a multi-generational household planning a future addition, or an investor/developer attracted by the lot's potential. It's a property where the long-term value is arguably tied more to the dirt it sits on than the structure itself.
Frequently Asked Questions
1. What makes this property unique in Winnipeg?
Its lot size is its defining feature. A 27,251 sqft lot is exceptionally rare within the city, offering a level of outdoor space and potential that is increasingly difficult to find.
2. Is the house in move-in condition?
The listing confirms a finished basement, but as a home from 1970, buyers should budget for potential updates to mechanical systems, windows, or interior finishes to align with modern standards.
3. What is the potential for adding on or building new?
The vast lot clearly offers potential for additions, a garage, or even a future secondary suite or new build. Any plans would require thorough due diligence, including checking with the City of Winnipeg for zoning bylaws, setback requirements, and subdivision feasibility.
4. How do the rankings work?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg for specific metrics (like lot size or age). For example, being in the "top 1%" for lot size in Winnipeg is a significant competitive advantage.
5. Why is the assessed value higher than many larger homes?
The municipal property assessment reflects both the building and the land value. Here, the premium is likely driven by the exceptional lot size and its development potential, not just the square footage of the current house.