Property Overview & Key Characteristics
This 1978-built, one-storey home in Eric Coy offers a practical layout with 1,409 sqft of living space on a generous 7,020 sqft lot, featuring an unfinished basement and an attached garage. Its appeal lies in its established, quiet neighbourhood setting and the significant potential for personalization and future expansion. The large lot is a standout feature, offering ample outdoor space and the possibility for additions, landscaping, or a garden. The unfinished basement presents a clean slate for future development to increase living space.
The home would suit a practical buyer—perhaps a first-time purchaser, a downsizer looking for single-level living, or an investor—who values space and possibility over immediate turn-key perfection. It’s for someone comfortable with a property that has good foundational stats (ranking above average in Winnipeg for lot and living area size) but sees value in the opportunity to increase its worth through strategic updates or finishing the basement to suit their specific needs.
Frequently Asked Questions
1. What is the true potential of the unfinished basement?
The basement provides a significant opportunity to add value and tailored living space, such as a recreation room, home office, or additional bedrooms. Buyers should budget for and plan the finishing to their own specifications.
2. How does the age of the home (built in 1978) affect it?
While the home is nearly 50 years old, its rankings show it is newer than many in the immediate area. This age typically means established infrastructure and mature landscaping, but a thorough inspection is advised to understand the condition of major systems like roof, windows, and plumbing.
3. The lot is large, but how is the property ranked within the neighbourhood?
While the lot size ranks very high for the street, its overall ranking within the wider Eric Coy community is more moderate. This suggests the home sits on a great street with larger properties, but the community itself may have a mix of lot sizes.
4. Why is the assessed value ranking lower than the rankings for size and age?
The municipal assessment ranking is lower relative to the home’s physical rankings. This can sometimes indicate that the assessed value hasn’t fully captured recent market shifts or the property’s potential, but it’s important to verify this with current market comparisons.
5. Is this a good option for someone wanting a move-in-ready home?
Not immediately, due to the unfinished basement. It is best suited for buyers who are comfortable with a home that requires some completion or updating to reach its full potential and are planning for those projects.