Property Overview & Key Characteristics
This single-storey home in Winnipeg's Eric Coy neighbourhood is defined by its exceptionally large, half-acre lot—a rare find within the city. Built in 1970, the 1,134 sqft house features a finished basement and sits on over 21,800 sqft of land, placing it in the top 1% of Winnipeg properties for lot size. Its appeal lies in the sheer potential of the spacious, private grounds, offering ample room for gardening, expansion, or recreational space. While the house itself ranks average in size and assessment value for its area, the land is the standout asset.
This property would best suit a buyer who values outdoor space and long-term potential over immediate turn-key luxury. It's ideal for someone with a vision for landscaping, interested in adding a garage or workshop, or simply seeking unparalleled privacy and room to breathe in the city. It also presents a solid value proposition for those who see the underlying land as a primary investment, with the existing home serving as a comfortable foundation.
Frequently Asked Questions
1. What does the "top 1% for lot size in Winnipeg" ranking truly mean?
It means this property's land area is larger than 99% of all residential properties in Winnipeg, highlighting an almost unique level of outdoor space that is increasingly difficult to find in urban settings.
2. The house rankings for size and value are modest. Is this a concern?
Not necessarily. The data suggests you are primarily investing in the land. The rankings indicate the existing home is functional and average for the community, making the property an opportunity to enhance value through updates or additions over time.
3. Is the lack of a garage a significant drawback?
For some buyers, yes. However, the vast lot size presents a clear opportunity to build a garage, carport, or outbuilding, subject to zoning and permits. This is a trade-off: you gain space to create a solution that fits your needs.
4. The home is 56 years old. What should I focus on?
Given the age, a thorough inspection of major systems (roof, foundation, plumbing, electrical) is essential. The finished basement should also be checked for moisture and insulation quality. The upside is that well-maintained homes from this era often feature solid construction.
5. How does such a large lot impact maintenance and costs?
It offers freedom but requires more effort. Consider the time and equipment needed for lawn care and landscaping. While property taxes are influenced by the assessed value, the premium is for the land itself. The trade-off is high privacy and space for lower ongoing costs compared to a similarly priced, newer home on a standard lot.