Property Overview: 10 Addington Bay, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in the Eric Coy neighbourhood, built in 1977. It sits on a generous 6,421 sqft lot, offering ample outdoor space—a notable advantage in a mature area. The 1,317 sqft living space includes a finished basement, providing flexible room for family, hobbies, or guests. A split garage adds practical storage or workshop potential.
Its appeal lies in its grounded, no-fuss practicality. The home’s rankings reveal a balanced profile: while its age is typical for the street, it outperforms most of Winnipeg in terms of lot size, living space, and assessed value. This suggests a solid, competitively positioned property in a settled community. It would suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing yard space, or an investor seeking a stable, rentable asset in a neighbourhood with proven long-term value. A thoughtful perspective is that this property represents the "bones" of a neighbourhood—it’s not the newest, but its above-average lot size and finished basement offer a foundation of space and utility that can be tailored over time.
Frequently Asked Questions
1. What does the finished basement include?
The listing confirms the basement is finished, but specifics on rooms, ceiling height, and legal compliance should be verified by a viewing and inspection.
2. How does the assessed value compare to the asking price?
The city’s assessed value is $432,000. This is a useful benchmark, but the final sale price will be determined by current market conditions, the home’s updated features, and buyer demand.
3. Is the property suitable for someone with mobility concerns?
As a one-storey home, the main living areas are on a single level, which is advantageous. However, steps at entrances or within the basement should be checked during a visit.
4. What is the typical demographic and vibe of the Eric Coy area?
It’s a mature, established neighbourhood. The high ranking for lot size within Winnipeg indicates a focus on spacious, family-oriented properties with a quiet, residential feel.
5. Are there any major expenditures or updates anticipated soon?
Given the home’s age (49 years), a buyer should pay special attention during inspection to the age and condition of major systems like the roof, plumbing, electrical, and heating, which may be due for service or replacement.