Property Overview: 166 McDowell Drive
Key Characteristics & Appeal
This is a well-established, single-story home in Winnipeg's Eric Coy neighborhood, built in 1976. It sits on a generous 7,477 sqft lot, offering ample outdoor space that is increasingly rare in newer subdivisions. With 1,584 sqft of living space and a finished basement, it provides practical, single-level living. The home's standout feature is its strong overall value position within the wider Winnipeg market, ranking in the top 14% for lot size and the top 18% for assessed value ($501,000), indicating a property that is competitively sized and priced relative to the city.
Its appeal lies in this balance of space, value, and established community. It suits buyers looking for a move-in-ready home without the premium of a new build, who prioritize a large yard over a modern floor plan. It would particularly fit growing families seeking space, or downsizers wanting single-level convenience without sacrificing yard size. A thoughtful perspective is that while the home is 50 years old, its rankings show it outperforms most local peers in key metrics, suggesting it has been a well-maintained and competitive property in its area.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings show how this property compares to others in its immediate street, neighborhood, and all of Winnipeg. For example, being in the "top 14%" for lot size in Winnipeg means 86% of city properties have smaller lots, highlighting a key advantage of this home.
2. Is a 50-year-old home a concern?
While age implies potential for systems (like roof, furnace) to need attention or updating, the data shows this home ranks newer than 65% of houses in its own community. This suggests the surrounding area consists of similarly aged homes, and the property itself is not unusually old for its well-established neighborhood.
3. The lot is large, but is the house itself a good size?
With 1,584 sqft above grade plus a finished basement, the living space is above average, ranking larger than 76% of Winnipeg homes. It offers more interior space than the typical city home, complementing the large yard.
4. How does the assessment value relate to the asking price?
The municipal assessment of $501,000 is a key data point for property taxes and indicates the city's valuation. It ranks higher than 82% of Winnipeg homes, signaling strong underlying value. Market price is set by the seller, but this assessment suggests a solid value foundation for the area.
5. What is the neighborhood like?
Eric Coy is a mature, established community. The high rankings for lot size and value within Winnipeg suggest a neighborhood known for larger properties and relative stability, appealing to those seeking space and an established streetscape over a brand-new development.