Property Overview: 117 McDowell Drive
This well-established 1983 bungalow in Winnipeg’s Eric Coy neighborhood offers a practical and comfortable living proposition. Its key appeal lies in a combination of space, location, and move-in readiness. The 1,048 sqft home sits on a generous 7,200 sqft lot and features a finished basement and an attached garage. While its living area is modest, the large lot provides ample outdoor potential. The property ranks highly for its lot size and age within Winnipeg, indicating a desirable, mature setting. It would particularly suit first-time buyers seeking a solid starter home with a manageable footprint, downsizers looking for a single-level layout with a finished basement for family visits or hobbies, or value-oriented investors attracted by the competitive assessment value and the neighborhood's stability.
Frequently Asked Questions
1. How does the property’s ranking and assessment value impact me?
The rankings show the home is competitive for its lot size and age in the broader Winnipeg market, but more average within its immediate street and community for living space and assessed value. The assessment value of $392,000 is a key municipal tax metric and often serves as a market indicator, but the final sale price is determined by current market conditions.
2. Is the finished basement included in the listed 1,048 sqft living area?
Typically, no. The 1,048 sqft figure almost certainly refers to the above-ground living space of the bungalow. The finished basement adds additional usable square footage, which is a significant functional benefit not fully captured in the main area statistic.
3. What are the pros and cons of a home from 1983?
Pros include established neighborhoods with mature landscaping and potentially more straightforward construction standards. Cons may involve upcoming maintenance or updates to original components like roofing, windows, or major systems, which are common for homes of this age.
4. Who might this property not suit as well?
Buyers requiring substantial above-ground square footage or modern, open-concept layouts may find the living area limiting. The rankings suggest it offers less interior space than most homes on its own street, so space needs should be carefully considered.
5. What does the lot size practically offer?
At 7,200 sqft, the lot is a standout feature. It provides significant room for gardening, recreation, pets, or future expansion like a shed or deck. For a bungalow, it also ensures greater privacy and distance from neighbors compared to newer, denser subdivisions.