Property Overview
This 1972-built, one-storey home on a large 13,203 sqft lot in Eric Coy offers a distinct blend of space, value, and location. Its key appeal lies in its exceptionally large lot—ranking in the top 3% for size across all of Winnipeg—which presents a rare canvas for gardening, expansion, or outdoor living within the city. The home itself is a practical, 1,131 sqft bungalow with a finished basement and an attached garage, catering to those seeking single-level living or manageable upkeep.
The property suits first-time buyers or downsizers looking for a home with significant land without a premium price tag, as well as value-conscious investors or renovators who see potential in the existing structure and the exceptional lot. A less obvious perspective is its strong positional value: while the home's metrics are modest within its immediate area, its lot size and overall assessed value rank it highly city-wide, suggesting it's a competitively priced entry into a established neighbourhood with long-term asset appeal.
Frequently Asked Questions
1. What is the neighbourhood like?
Eric Coy is a mature, established neighbourhood in Winnipeg. The property rankings show it is a mixed area where this home's large lot is a standout feature, offering more privacy and space than many surrounding properties.
2. Is the lot truly as large as it seems?
Yes. At over 13,000 sqft, the lot size is a major feature, placing it in the 97th percentile for all of Winnipeg. This is significantly above average and offers substantial outdoor space.
3. How does the home's condition compare to others?
The data suggests the house itself is average for its area in terms of size and age. Its appeal is weighted more toward the land value and the potential it holds, rather than a modern or recently updated living space.
4. Has the property value increased?
The assessed value of $435,000 is above the last recorded sale price of $375,000 in December 2020. This indicates an increase in its official valuation, though market conditions and final sale prices can vary.
5. What are the main considerations for a buyer?
A buyer should balance the exceptional lot opportunity with the fact the home is a 54-year-old bungalow. Plans for maintenance, potential updates, or utilizing the expansive yard will be key factors. Its high city-wide rankings for lot size and value indicate a strong foundational investment, but the interior may require personalization.