Property Overview: 127 McDowell Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This well-established 1983 bungalow in Eric Coy offers a practical and private living environment on a generous 7,000+ sqft lot. Its key features include a fully finished basement and a single-level living space of approximately 1,258 sqft. The home’s primary appeal lies in its balance of space, privacy, and value. It sits on a lot that is larger than most in Winnipeg, offering significant outdoor potential, while the home itself is in a solid, move-in-ready condition.
The property is particularly suited to first-time buyers, downsizers, or practical investors seeking a low-maintenance bungalow layout without sacrificing yard space. Its strong city-wide ranking for lot size (top 17%) and above-average assessment value ranking (top 30%) suggest it represents a tangible asset in a stable neighbourhood. A thoughtful perspective is that while the home’s living area is modest relative to the lot, this presents an opportunity—the large, private yard becomes a true extension of the living space for gardening, recreation, or future expansion, a rarity in this price segment. The recent 2023 sale provides a clear, current benchmark for value.
Section 2: Frequently Asked Questions
1. How does the recent sale price compare to the assessment?
The home sold for $400,000 in November 2023, which is below the current assessed value of $422,000. This provides a very recent and concrete market valuation for prospective buyers.
2. What does the "ranking" data mean?
The rankings compare this property to others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the "top 17%" for lot size in Winnipeg means 83% of properties have a smaller lot, highlighting this as a key strength.
3. Is the basement included in the 1,258 sqft living area?
No, the 1,258 sqft refers to the above-ground, main floor living space. The basement is additional, finished square footage, adding to the home’s usable space.
4. Who would this property not suit?
It may not suit buyers seeking a brand-new home, a large above-ground footprint, or specific amenities like a garage or swimming pool. It’s a home for those who value land and layout over modern finishes or extensive upgrades.
5. What is the neighbourhood like?
Eric Coy is a mature, established neighbourhood in Winnipeg. The rankings show the home’s lot and build year are newer and larger than many in the immediate area, suggesting it is a well-positioned property within a community of varied home styles and ages.