Property Overview
This 1970-built, one-storey home on a large 7,493 sqft lot in Eric Coy offers practical, single-level living. Its key appeal lies in a well-established neighbourhood and a very generous yard, providing ample outdoor space that is increasingly rare. The home features 1,040 sqft of living space and a finished basement, adding valuable functional area. Its competitive city-wide rankings for lot size (top 14%) and assessed value (top 46%) suggest solid fundamentals for the price.
The property would suit first-time buyers or downsizers seeking a manageable, no-stairs layout with room to garden or enjoy outdoors. It’s also a candidate for value-conscious buyers comfortable with a home of this vintage, who may see potential in the large lot or the existing finished basement for extra living space.
Key Considerations & FAQs
1. What does the ranking data actually mean?
The rankings compare this property to others in its immediate area and across Winnipeg. Notably, it scores highly for its large lot size city-wide, but ranks lower for its living area within the community. This highlights a trade-off: you're getting more land but a more modest-sized home for the neighbourhood.
2. Is the finished basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should verify its compliance with local regulations, which may require significant upgrades.
3. What are the implications of a 1970 build?
Homes from this era may have original components, like roofing, windows, or major systems, nearing the end of their service life. A thorough inspection is advised to budget for potential updates, balanced against the likely more straightforward construction compared to older character homes.
4. How does the split garage affect parking and storage?
A split (or tandem) garage can limit simultaneous parking for two larger vehicles and may make storage organization less flexible than a double-width garage. However, it still provides covered parking and significant storage space.
5. The lot is large, but what’s its condition and potential?
A lot of this size is a major asset. Buyers should assess whether the yard is landscaped or mostly blank canvas, and consider the costs and possibilities—from creating outdoor living spaces to future expansion, subject to zoning.