Property Overview: 107 McDowell Drive
Key Characteristics & Appeal
This is a well-established, two-storey family home in Winnipeg's Eric Coy neighborhood, built in 1983. It sits on a large, approximately 7,800 sqft lot and offers nearly 2,000 sqft of living space. Key features include a finished basement, an in-ground pool, and an attached garage.
The home’s primary appeal lies in its generous proportions and established setting. It ranks highly against most Winnipeg homes for lot size, living space, and assessed value, suggesting it offers above-average room and perceived value for money within the city. The private, resort-like amenity of a pool is a significant draw for summer enjoyment and entertaining. It particularly suits buyers looking for a move-in ready, spacious home in a mature neighborhood, who value outdoor private space and are seeking a property that stands above the majority of the market in terms of size and municipal assessment. A thoughtful perspective is that while the home is over 40 years old, its rankings show it competes very favorably with newer builds on key metrics like space and value, appealing to those who prioritize substance over a more modern build date.
Potential Buyer FAQs
1. What is the neighborhood of Eric Coy like?
Eric Coy is a mature, established neighborhood in Winnipeg. The property rankings indicate it is a community of primarily older homes (this one is newer than 79% of them) on generally large lots, offering a settled, residential feel.
2. How does the pool impact insurance and maintenance?
An in-ground pool adds to seasonal enjoyment but also to annual maintenance (opening, closing, cleaning, chemicals) and will likely increase homeowner insurance premiums. It's advisable to budget for these ongoing costs.
3. The home was built in 1983. What should I be aware of?
While the home ranks well for its age, a property of this vintage may have original or older major systems (like roof, windows, HVAC, or plumbing). A thorough inspection is crucial to understand the condition and potential future investments needed.
4. What do the "rankings" actually mean?
They show how this property compares to others in its immediate street, wider community, and all of Winnipeg. For example, ranking "in the top 10%" for living space in Winnipeg means 90% of city homes are smaller. It's a useful tool for gauging relative size, age, and value.
5. The assessed value is $582,000. Is that the sale price?
No. The assessed value is set by the municipal government for taxation purposes. The sale price is determined by the current market and can be higher or lower than this assessment.