106 Deerpark Drive

Property Overview

This well-established bungalow at 106 Deerpark Drive offers a classic and spacious family home in Winnipeg's Eric Coy neighbourhood. Its primary appeal lies in its generous, fully-finished living space and a large, mature lot, providing room to grow and relax. Built in 1986, the home features nearly 2,000 sqft of living area, a fully finished basement, and an attached garage, all situated on a quiet street. The property's strong city-wide rankings for lot size, living area, and assessed value suggest it is a substantial and above-average offering within its market.

The home would be an excellent fit for growing families or multi-generational households seeking a single-level layout with ample finished space on both levels. It also suits buyers looking for a established property with a large, private yard in a mature community, who value space and stability over a brand-new build.

Key Questions & Considerations

1. What does the property's high assessment value relative to its 2021 sale price indicate?
The current assessed value is significantly higher than the 2021 purchase price. This typically reflects strong market appreciation and municipal assessment increases over the past few years. Buyers should be aware that this will influence annual property taxes.

2. How should I interpret the "rankings" for features like age and living area?
These rankings show how this home compares to others. For example, it's newer than 70% of Winnipeg homes but has more living space than 89% of them. This indicates you're getting a relatively modern home with an unusually spacious floor plan for its age bracket.

3. Is the older roof or major systems a concern?
Given the home's age (40 years), original components like the roof, windows, or furnace may be near or past their typical lifespan. A thorough inspection is crucial to budget for potential updates, though the high assessment may reflect some recent improvements.

4. What are the pros and cons of a bungalow with a finished basement?
The main pro is flexible, accessible living space all on one level, with the basement offering great potential for a rec room, home office, or separate suite. A consideration is that bungalows often have a larger roof and foundation footprint relative to living space, which can mean higher costs for replacements.

5. The home ranks lower within its own street for recent sale price. What does this mean?
This suggests that when it last sold, it was priced below many neighbours' sales. This isn't inherently negative—it could have been a well-priced purchase or may reflect the specific condition at that time. It highlights the importance of understanding current condition and value relative to today's market.