Property Overview
This 1976 one-storey home in Eric Coy offers a practical layout with 1,300 sqft of living space and a finished basement, situated on a notably large 8,750 sqft lot. Its appeal lies in a balance of space and value. The property ranks highly for its lot size within Winnipeg (top 9%), offering significant outdoor potential, while its overall assessed value is competitive, ranking better than 74% of city homes. The home suits buyers looking for a solid, no-frills foundation—whether it's a first-time buyer who values the large yard over a modern interior, a downsizer seeking single-level living, or an investor attracted by the land size and finished basement for rental potential. It’s a property where the value is grounded more in its generous land and functional space than in upscale finishes.
Frequently Asked Questions
1. What does the ranking data actually mean for a buyer?
The rankings compare this home to others on its street, in Eric Coy, and across all of Winnipeg. For example, ranking in the top 9% for lot size city-wide confirms the lot is a major asset. Conversely, lower rankings for living area on its street suggest the house itself is more modest relative to neighbors, highlighting a property where the land may be the primary feature.
2. Is a 50-year-old home a concern?
Built in 1976, key systems like roof, windows, plumbing, and electrical may be at or past their typical lifespan. A thorough inspection is essential, but the home's age is reflected in its price point. It represents an opportunity for those comfortable with gradual updates.
3. How does the finished basement add value?
It immediately provides extra living space, which is valuable given the main floor's moderate size. This could serve as a family room, home office, or separate area for guests or teens, adding practical functionality without the need for a major renovation.
4. Who would the "split garage" suit?
A split garage (typically a double garage divided into two single bays) is ideal for households with multiple drivers, offering separate doors and easier access. It can also provide flexible storage space, but those needing a wide, uninterrupted workshop or parking area for a large vehicle might find it less ideal.
5. Why is the community ranking for value higher than the street ranking?
The home's assessed value ranks better in Eric Coy (top 45%) than on its specific street (top 81%). This suggests that while it may be one of the more modestly priced homes on McDowell Drive, it holds its value well within the broader, and likely more diverse, neighborhood context.