Property Overview
This 1978 one-storey bungalow in Eric Coy offers a practical and spacious family layout on a large, 6,420 sqft lot. Its key appeal lies in its well-proportioned footprint—featuring 1,556 sqft of living space and a finished basement—combined with the established, quiet feel of a mature neighbourhood. The home suits buyers looking for solid value and space without the premium of a new build, particularly first-time homeowners or downsizers seeking single-level living with room to grow or garden. A thoughtful perspective is its strong "bones-over-bling" character; while not the newest on the street, it offers a generous lot size and living area that rank highly against most Winnipeg homes, presenting a canvas for personalization. Its recent sale price above the assessed value also suggests a market recognition of its underlying worth.
Key Details & Questions
- Key Characteristics: 1,556 sqft bungalow with a finished basement, attached garage, and a large 6,420 sqft lot. Built in 1978.
- Recent Sale: Sold for $435,000 in December 2023.
- Municipal Assessment: $386,000 (2023).
Frequently Asked Questions
1. How does this home compare to others in the area?
The home ranks very well for its lot and living space size within the broader Winnipeg context (top 25-39%). It's on a larger lot than most in its immediate street and offers more living space than about 75% of Winnipeg homes. Its assessed value is more moderate in comparison, which can be typical for an older, well-built home in an established area.
2. What does the recent sale price tell me?
The December 2023 sale at $435,000, which is above the current assessed value, indicates that the market valued the property's specific combination of space, lot, and condition higher than the municipal benchmark at that time. It’s a strong recent data point for understanding its market worth.
3. Who would this property suit best?
It's an excellent fit for buyers prioritizing interior and exterior space over a modern build. The single-storey layout is ideal for those looking to avoid stairs, while the large lot appeals to gardeners or those wanting ample outdoor space. It represents a value-oriented entry into a stable neighbourhood.
4. Are there any immediate considerations?
As a home built in 1978, prospective buyers should factor in the potential for age-related updates (such as roof, windows, or major systems) into their planning. A thorough home inspection is always recommended to understand the condition and any future maintenance schedule.
5. What is the neighbourhood like?
Eric Coy is an established, family-oriented community in Winnipeg. The property's rankings show it sits among older, well-sized homes, suggesting a mature streetscape with larger lots. Its high ranking for lot size within the community (top 7%) indicates it's one of the more spacious properties in the area.