Property Overview: 111 Deerpark Drive
This well-established 1986 bungalow in Winnipeg's Eric Coy neighborhood offers a practical and spacious family living environment on a generous 6,592 sqft lot. Its key appeal lies in its combination of above-average interior space (1,814 sqft of living area, ranking within the top 15% city-wide) and a fully finished basement, providing significant functional square footage in a classic, single-story layout. The property's assessed value of $553,000 places it in the top 11% of Winnipeg homes, indicating a history of solid value retention.
The home suits buyers looking for move-in-ready space without the premium of a new build, particularly those who prioritize single-level living or want the flexibility of developed basement space for family, hobbies, or an in-law suite. Its appeal is grounded in data: it consistently ranks in the top tier of its community for lot size, living area, and assessed value. A thoughtful perspective is that while the home is 40 years old, its rankings show it competes favorably with newer homes in the area on key metrics like size and value, suggesting it has been well-maintained and sits on a desirable parcel of land. It’s a property for a pragmatic buyer who values established communities, space over flash, and proven long-term value.
Frequently Asked Questions
1. How does the age of the home (built in 1986) affect its condition and potential costs?
While 40 years old, the home ranks in the top 17% of its community for age, meaning it is newer than most of its neighbors. This suggests the core structure is from a modern era of building standards. Buyers should still budget for updates to age-related components like the roof, windows, or major systems, but the data indicates it is not an outlier in terms of vintage for the area.
2. The lot is large, but how does it compare specifically?
At 6,592 sqft, the lot size ranks in the top 9% within the Eric Coy community. This is a standout feature, offering significantly more outdoor space than over 90% of nearby properties, which is a considerable asset for privacy, gardening, or expansion.
3. The 2021 sale price was $525,000, and the current assessment is $553,000. What does this indicate?
The increase in assessed value over three years suggests the property has maintained and grown in market value, consistent with broader trends. It's important to note that assessment value is for taxation purposes and a professional appraisal or market analysis would determine the current sale price.
4. Who would this neighborhood (Eric Coy) most appeal to?
The rankings show this home is highly competitive within its own community—especially for lot size, living space, and value. This suggests Eric Coy is an established, mature neighborhood where this property is a strong contender. It likely appeals to those seeking stability, space, and community amenities over a brand-new subdivision feel.
5. The home ranks highly for living area but lower for its age on its specific street. What does that mean?
On Deerpark Drive itself, this home surpasses only 32% of houses for living area and 36% for being new. This indicates the street may have a mix of larger, newer homes. The key takeaway is that while this bungalow might be one of the smaller and older homes on its street, it is actually larger and newer than most homes in the wider community and city, offering a different perspective on its relative value.