Property Overview & Key Characteristics
This is a well-established, single-family bungalow situated on a generous, mature lot in the Eric Coy neighbourhood. Built in 1986, its key appeal lies in its combination of space, location, and value. The home offers nearly 1,500 sqft of living space, a fully finished basement, and an attached garage, all on a private 7,500+ sqft lot—a significant amount of outdoor space for an established area. While the home itself is older, its value is underscored by its assessment and its strong performance in city-wide rankings for lot size and overall value.
Its appeal is practical and grounded. It suits buyers looking for a move-in-ready home with room to breathe, without the premium of a new build. It would be an excellent fit for a small family seeking stability, downsizers who want single-level living but don't want to compromise on yard size, or value-oriented investors attracted by the solid fundamentals of the lot and neighbourhood. A less obvious perspective is the advantage of a 40-year-old home in a mature area: the major infrastructure, landscaping, and community character are fully settled, offering predictability that newer subdivisions are still developing.
Frequently Asked Questions
1. How does the age of the home affect its condition and potential costs?
As a 40-year-old property, buyers should anticipate standard maintenance and updates common for its age, such as the roof, windows, or major mechanical systems. A thorough inspection is essential to understand the current state and plan for future investments.
2. What is the significance of the provided rankings?
The rankings compare this property to others on its street, in Eric Coy, and across all of Winnipeg. They show this home excels in lot size and assessed value city-wide, ranking in the top 17-30% in those categories. This suggests it is a competitively sized property for the market.
3. Is the finished basement included in the listed living area?
No. The listed living area of 1,496 sqft refers to the above-grade living space. The finished basement provides additional usable square footage, which is a valuable bonus space for recreation, guests, or storage.
4. What is the neighbourhood of Eric Coy like?
Eric Coy is a long-established, residential community in Winnipeg. It typically offers a mix of family homes, quiet streets, and access to local amenities, schools, and parks. The mature lot size here is a standout feature within the area.
5. Why is the lot size considered a key feature?
At over 7,500 sqft, the lot is substantially larger than many found in modern subdivisions. This provides ample room for gardening, play, pets, and outdoor living, with potential for future additions like a shed or deck, subject to local bylaws. It's a feature that is increasingly difficult to find.