Property Overview
This one-storey home at 195 Eaglemere Drive is a compact, efficiently designed property built in 1995. With 1,088 square feet of living space, a renovated basement, and an attached garage, it sits on a roughly 4,800 sqft lot. Its recent sale price was notably higher than its assessed value, indicating strong market interest. Within its immediate Eaglemere neighbourhood and street, the home presents as a more modest and affordable option compared to larger, higher-value neighbours. However, citywide, its size and value are much more aligned with the typical Winnipeg home, offering a solid entry point into a mature community.
Key Characteristics & Appeal
The primary appeal of this home lies in its balance of manageability and potential. Its smaller scale makes it ideal for first-time buyers, downsizers, or investors seeking a low-maintenance property with the crucial updates already started, like the renovated basement. While it ranks below average in size and value for its own desirable Eaglemere area, this is precisely what creates its accessibility—it’s a way to secure a home in an established neighbourhood without the premium price tag of its larger counterparts.
A less obvious perspective is its longevity; built in 1995, it is a newer home by Winnipeg standards (ranking in the top 20% citywide for age), likely meaning modern construction standards and fewer major system replacements in the near future compared to much older stock. The decent lot size also offers room for outdoor enjoyment or future expansion, subject to approvals. This property suits pragmatic buyers who value location and a solid foundation over sheer square footage, and who see the value in a home that is easier and more affordable to heat, maintain, and customize over time.
Frequently Asked Questions
1. Why was the sale price so much higher than the assessed value?
Assessed value is for municipal tax purposes and often lags behind the current market. The higher sale price reflects what buyers were recently willing to pay in the competitive market, likely due to factors like the renovated basement, the home's condition, and overall demand for homes in the area.
2. Is the living area too small?
At 1,088 sqft, it is compact. This is efficient for individuals, couples, or small families but may feel tight for those needing multiple dedicated rooms. The renovated basement provides crucial additional space for recreation, office, or storage, effectively increasing the usable area.
3. How does this home compare to others on the same street?
The data shows this home is smaller and has a lower assessed value than most direct neighbours on Eaglemere Drive. This suggests it is one of the more affordable homes on the block, which can be an advantage for entry into the street but may mean a more modest presentation compared to surrounding properties.
4. What does the "below average" ranking for the neighbourhood mean?
This statistical ranking means that within the entire Eaglemere community, this home falls in the lower third for size and value. It doesn't reflect the home's condition or appeal, but confirms it is a more budget-conscious option within a generally affluent neighbourhood.
5. Are there any concerns with a home built in 1995?
A 1995 build is considered relatively modern. Major components like the roof, windows, and HVAC system may be approaching or due for replacement depending on their original quality and maintenance, so a thorough inspection is recommended. However, it avoids many of the issues common in pre-1970s homes.