Property Summary: 86 Deerpark Drive
Section 1: Key Characteristics & Appeal
This well-established bungalow in Eric Coy offers a compelling blend of space, location, and value. Its primary appeal lies in its generous 10,292 sqft lot—a significant and increasingly rare asset that places it in the top 6% of Winnipeg for land size. The 1,923 sqft of living space is efficiently laid out over one storey, complemented by a finished basement, making it a practical and spacious family home.
The property’s strong market performance is noteworthy; a recent sale in late 2023 at $651,000 surpassed both its assessed value and the majority of comparable sales in Winnipeg, indicating solid demand. It suits buyers looking for a move-in-ready home with room to grow outdoors, whether for gardening, play, or future expansion. It’s particularly suited for those who prioritize a large, private yard over a brand-new build, and for families seeking stability in a mature neighbourhood with proven long-term value.
A less obvious perspective is its competitive positioning within its immediate area. While it ranks highly city-wide for size and value, it faces more competition within its own street and community, suggesting it’s in a desirable, well-established locale where discerning buyers compare options carefully. Its appeal is for a pragmatic buyer who sees the enduring worth in a large lot and functional layout, rather than just the newest features.
Section 2: Frequently Asked Questions
1. How does the recent sale price compare to the current assessment?
The home sold for $651,000 in December 2023, which is approximately $75,000 above its 2024 assessed value of $576,000. This indicates the market valued the property significantly higher than the municipal assessment at that time.
2. Is the large lot size typical for the area?
Yes and no. The lot is in the top 21% on its own street, meaning it's larger than most immediate neighbours. More strikingly, it ranks in the top 6% across all of Winnipeg, confirming its lot size is a major standout feature city-wide.
3. What does the "finished basement" include?
The listing confirms a finished basement but does not specify the details of the finish, rooms, or ceiling height. A viewing or inquiry with the listing agent is necessary to understand the layout and quality of the basement space.
4. Given the home's age, what should I consider regarding maintenance?
Built in 1986, major components like the roof, windows, HVAC system, and plumbing are likely at or beyond their typical service life. A thorough home inspection is highly recommended to assess the condition and plan for potential updates or repairs.
5. How does this property rank for its size versus its age in the community?
It presents an interesting profile: while its living space ranks very well (top 16% in the community), its age is more common (top 17%, meaning it's newer than 83% of homes here). This suggests you get a relatively newer home in Eric Coy that also has above-average interior space on a premier-sized lot.