Property Overview & Key Characteristics
This well-maintained one-storey home in Eric Coy offers a practical and comfortable living space on a generous, mature lot. Its key appeal lies in a combination of solid fundamentals and relative value within the broader Winnipeg market. The 1,335 sqft bungalow features a finished basement and an attached garage, sitting on a large 7,373 sqft property. Built in 1975, it presents a classic, low-maintenance layout.
The home’s standout metric is its land size, which ranks in the top 14% city-wide, offering significant outdoor space—a growing rarity. While the house itself is average in size for its immediate area, its assessed and recent sale value significantly outrank most Winnipeg homes, placing it in the top 27% and 23% respectively. This suggests it is perceived as a solid asset in a desirable location. It would suit first-time buyers or downsizers looking for a manageable single-level floorplan without sacrificing yard space, or an investor attracted by the stable value history and the potential of a large lot in an established neighborhood.
Frequently Asked Questions
1. How does the 2023 sale price compare to the current assessment?
The home sold for $465,000 in July 2023, which is approximately $22,000 above its current municipal assessment of $443,000. This recent transaction provides a clear, up-to-date benchmark for its market value.
2. What do the ranking percentages actually mean?
They show how this property compares to others in three geographic tiers. For example, ranking in the "top 14%" for lot size in Winnipeg means 86% of city properties have smaller lots. It’s a quick way to gauge its relative strengths, with land size being its most competitive feature.
3. Is the neighborhood trending?
The data indicates strong value retention. The home’s sale price ranked higher city-wide (top 23%) than its physical characteristics like size or age, suggesting the Eric Coy location itself commands a premium compared to many parts of the city.
4. What are the main trade-offs of this property?
You are trading some interior modernity (it’s a 51-year-old bungalow) for an exceptionally large lot. The rankings show its living space is fairly average for the area, so the appeal is tilted toward land value and location over a large or newly built home.
5. How energy-efficient or updated is a home from 1975?
The listing does not specify recent upgrades. Buyers should prioritize an inspection to understand the condition of major systems (roof, windows, furnace, insulation) typical of this era, as this will directly impact ongoing maintenance costs and comfort.