Property Summary: 11 Quinns Cove
Key Characteristics & Appeal
This is a spacious, two-storey home in Winnipeg's Eric Coy neighbourhood, built in 1987. Its primary appeal lies in its generous proportions, offering over 2,000 sqft of living space on a large, nearly 10,000 sqft lot—a combination that ranks it in the top tier of Winnipeg homes for size. The property has a classic, unfitted basement, presenting a blank canvas for future development. While it lacks a garage or pool, the significant lot size offers ample room for additions like a detached garage, extensive landscaping, or a private backyard oasis.
The home suits buyers prioritizing space and land over turn-key modern finishes. It’s an ideal project for someone looking to customize a home over time, or for a family seeking room to grow indoors and out. Its high city-wide rankings for lot and living area suggest strong long-term value, especially for those willing to invest in updates. A less obvious perspective is its appeal to multi-generational living; the large lot and unfinished basement provide clear potential for creating a separate suite or in-law accommodation, subject to local regulations.
Frequently Asked Questions
1. What does the ranking system mean?
The rankings show how this property compares to others in its immediate street, the wider Eric Coy community, and all of Winnipeg. For example, ranking in the top 7% city-wide for lot size means the property is larger than 93% of homes in Winnipeg, a significant advantage.
2. Is the unfinished basement a drawback?
Not necessarily. While it requires an investment to finish, it offers complete flexibility to create exactly the space you need—whether a recreation room, home gym, or additional bedrooms—without having to undo someone else’s work.
3. The home is older; should I be concerned about major repairs?
As a 39-year-old home, a thorough inspection is essential. However, its rankings show it is newer than most homes in its community and across Winnipeg, which can be a positive indicator for the state of core components compared to much older stock.
4. There’s no garage. Can one be built?
The exceptionally large lot provides a strong possibility for adding a detached garage, subject to Winnipeg zoning bylaws, setback requirements, and permitting. This is a key opportunity to add both functionality and value.
5. The assessed value is lower than the asking price. Why?
Municipal assessments are for tax purposes and often lag behind the current market. They are a useful benchmark but not a direct reflection of market value, which is determined by what buyers are willing to pay based on condition, location, and recent comparable sales.