Property Overview & Key Characteristics
This 1971-built, single-storey home on a large 6,823 sqft lot in Eric Coy offers a classic, no-frills living opportunity. Its primary appeal lies in its generous, private lot—a significant asset in a mature neighbourhood—and its straightforward, functional layout with 957 sqft of living space. The home includes a basement (unfinished) and an attached garage, providing ample storage and future potential. Its competitive position in the broader Winnipeg market (ranking in the top 18% by lot size and top 39% by assessed value) suggests it represents solid value for the area.
The property is best suited for practical buyers: first-time homeowners comfortable with a property that has good bones but may need cosmetic updates, or investors looking for a manageable rental with a large yard. It’s a home that prioritizes land value and functional space over modern finishes, appealing to those who see potential in the existing structure or who value outdoor space over a large interior footprint. A thoughtful perspective is that this home offers a rare chance to own a sizable lot in an established area without a premium price, making it a strategic entry point into the neighbourhood.
Frequently Asked Questions
1. What is the true value of the large lot?
Beyond privacy and space, a lot of this size (over 6,800 sqft) is uncommon for newer builds and offers significant long-term utility. It provides room for gardening, expansions like a deck or shed, and simply more distance from neighbours compared to standard lots.
2. What does the ranking data actually mean for me?
The rankings show the home’s relative standing. While its interior space ranks lower in the community, its lot size ranks very high city-wide. This indicates you’re purchasing a property whose land is its most competitive feature—a positive for future value.
3. What should I expect with a 55-year-old home?
While systems and structure can be sound, a home from this era may have original components nearing the end of their service life. A thorough inspection is crucial to budget for potential updates to roofing, windows, or the furnace.
4. How does the unfinished basement affect value?
It presents both a project and an opportunity. It adds immediate utility for storage and mechanicals, but finishing it would require investment. For a buyer, it means the quoted square footage is just the main floor, with significant potential to add liveable space.
5. Is this a good investment for the area?
The assessed value ranking suggests it is priced below many Winnipeg homes, offering a relatively affordable entry into the market. Its strong lot-size ranking is a durable asset, often meaning it could hold its value well or appreciate with basic improvements to the home itself.