Property Overview & Appeal
This 1980-built, one-storey home on a spacious 6,777 sqft lot in Eric Coy offers a practical and comfortable living layout. Its key characteristics include a fully finished basement, an attached garage, and 1,566 sqft of living space. The appeal lies in its established neighbourhood setting and the value derived from its above-average lot size and living area compared to most of Winnipeg. The home presents a solid, move-in-ready foundation with room for personal updates.
It would suit first-time buyers seeking a manageable single-level layout, or downsizers looking for a low-maintenance property with ample indoor and outdoor space. A thoughtful perspective is that while the house itself is middle-of-the-road for its immediate street, its larger lot and finished basement offer hidden value potential not captured by its age or assessment ranking alone.
Frequently Asked Questions
1. How does the "ranking" system work?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg for specific metrics like lot size, age, and assessed value. For example, ranking "in the top 25%" for living area in Winnipeg means 75% of city homes are smaller.
2. What does the assessment value tell me?
The $460,000 assessment is the city's valuation for tax purposes. It’s a useful benchmark, but the final sale price is determined by the market and can be higher or lower based on condition, updates, and buyer demand.
3. Is the age of the home (46 years) a concern?
Homes of this age typically have mature landscaping and established infrastructure. A key consideration would be the maintenance and update history of major components like the roof, windows, and heating system, which may be nearing or past their typical lifespans.
4. What are the pros and cons of a finished basement?
The pro is immediate additional living space without renovation work. A less obvious con is that it can make inspecting the foundation, plumbing, and electrical systems more difficult during a viewing or home inspection.
5. Who might this home not suit?
It may not suit buyers seeking a brand-new, modern build without any projects, or those who prioritize being in a top-ranked home on their specific street, as this property ranks in the middle of the pack locally for several metrics.