Property Overview: 182 McDowell Drive
This well-situated one-storey home in Winnipeg's Eric Coy neighborhood presents a compelling opportunity for a specific buyer. Built in 1976, its primary appeal lies in a generous, mature lot of over 9,400 sqft—a significant asset that ranks in the top 7% of all Winnipeg properties for land size. The home itself offers 1,300 sqft of living space with a finished basement, providing functional, single-level living.
Its appeal is grounded in space and established stability rather than modern luxury. The property suits buyers looking for a solid, no-frills home with exceptional outdoor potential. It's ideal for someone with a vision for gardening, expansion, or simply enjoying a large, private yard. The strong city-wide assessment value ranking suggests a solid underlying investment in a desirable lot, making it a practical choice for a long-term holder or a buyer willing to gradually update the interior to match the lot's potential.
Frequently Asked Questions
Q: How does the age of the home (50 years) factor into its value?
A: While the building itself is middle-of-the-road for its area in terms of age, the property's standout value is its large lot. The home's condition and any updates will be key, but the land itself is a permanent and appreciating asset that lessens the focus on the building's vintage.
Q: The home ranks lower for size on its street. Does that matter?
A: This indicates the house is slightly smaller than many neighbors, which is typical for original homes on large lots. For the right buyer, this isn't a drawback but an opportunity; the value proposition here is the land, with the existing home serving as a comfortable starting point.
Q: What does the "finished basement" entail?
A: The listing confirms a finished basement but does not specify the extent, quality, or if it includes legal secondary suites. This is a key detail to verify with the seller or an inspection, as finishes in a 50-year-old home can range from modern to dated.
Q: The lot is large, but what is the actual neighborhood like?
A: Being in Eric Coy, the property benefits from established community amenities. The lot size ranking in the top 7% city-wide is exceptional, suggesting this is a notably larger parcel than typical, offering more privacy and space than you'd find in newer subdivisions.
Q: Why is the city-wide assessment ranking significantly higher than the street ranking?
A: This highlights the property's unique strength. On its own street of larger lots, it's above average. But compared to the entire city, especially newer areas with smaller lots, this property's land size is a rare and valuable commodity, which is reflected in its assessment value.