Property Overview: 11 Polaris Avenue, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Eric Coy offers a practical and modern living space. Built in 2005, it is a notably newer construction compared to most homes in the wider neighborhood and city, suggesting updated building systems and less immediate need for major repairs. The 1,730 sqft living area is comfortably above average for Winnipeg, providing ample room. A key feature is the renovated basement, which adds valuable finished space. The property sits on a 7,013 sqft lot, which is generous by city standards but more modest within the specific Eric Coy area, potentially offering a balance of outdoor space with manageable upkeep.
Its appeal lies in its strong positional value. The home ranks well above average for both size and assessed value within its community and city-wide, indicating a solid investment in a desirable area. It suits buyers looking for a move-in-ready, single-level home with modern foundations, or those who value a newer build in an established neighborhood. It would also fit buyers who appreciate a renovated basement for extra living or recreational space, and who prefer a yard that is sizable without being overwhelming.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value places it in the top 7% in Eric Coy and top 6% city-wide, indicating it is considered a higher-value property relative to most comparable homes, likely due to its newer build year, size, and renovations.
2. Is the lot size typical for the neighborhood?
No. While the lot is above average in size for Winnipeg, it is below average for the Eric Coy area specifically, where lots tend to be larger. This means you get a sizable city yard, but not necessarily the same expansive feel as some direct neighbors.
3. What does the "newer build year" really mean for a buyer?
Built in 2005, this home is significantly newer than the neighborhood (top 4% in Eric Coy) and city averages. This typically translates to more modern electrical, plumbing, and insulation standards, potentially leading to lower maintenance costs and better energy efficiency in the coming years.
4. The home sold recently in 2024. What does that data show?
The September 2024 sale price placed well above area and city averages (top 12% and 7%, respectively). This recent market transaction strongly supports the property’s premium valuation and desirability.
5. Who might this property not suit?
Buyers seeking a classic, character-filled older home or a very large, private estate-sized lot within Eric Coy might find this property too modern or its lot too compact relative to immediate area standards. It’s best for those who prioritize the benefits of a newer construction.