Property Overview: 10 Westlund Way
This well-established bungalow in Eric Coy offers a blend of comfortable living space and a generous, private lot. Its key appeal lies in its proven value and established neighborhood setting. The home sits on a large 7,523 sqft lot, offering ample outdoor space—a notable advantage in a mature area. With 1,510 sqft of finished living space including a developed basement, it provides practical, single-level living. The property’s assessed value has risen since its 2020 purchase, indicating stable market appreciation.
It would particularly suit downsizers or first-time buyers seeking a move-in ready home without the premium of a new build, or investors attracted by its consistent value trajectory. A thoughtful perspective is its strong city-wide rankings for lot size and value, which suggest it’s a competitively positioned asset within Winnipeg, even if it’s more average within its immediate community.
Frequently Asked Questions
1. How does the age of the home (built 1977) affect it?
While nearly 50 years old, the home’s systems and roof are likely at stages where future upgrades should be budgeted for. However, homes of this era are often known for solid construction and roomy layouts.
2. Is the basement included in the listed living area?
Yes. The 1,510 sqft figure includes the finished basement, which is a significant part of the home’s liveable space.
3. The lot is large, but how is the yard?
At over 7,500 sqft, the lot size is a major feature, offering potential for gardening, expansion, or simply more privacy than newer subdivisions typically provide.
4. How does it rank compared to other homes?
Its strength is its lot size, ranking in the top 13% city-wide. It’s a solid, above-average property in Winnipeg overall, though more middle-of-the-road within the specific Eric Coy community.
5. What does the price history tell us?
Purchased for $450,000 in 2020, the current assessment at $502,000 suggests steady value growth. This history can provide confidence in the area’s stability.