Property Overview
This 1981-built bungalow on a large, 6,696 sqft lot in Eric Coy offers a practical and spacious family living environment. Its key appeal lies in its generous, fully finished basement and its above-average lot size, which provides ample room for outdoor activities or future expansion. The home’s single-story layout is ideal for those seeking ease of movement. With an assessed value ranking in the top 20% city-wide, it presents a solid value proposition. This property would best suit first-time buyers or growing families looking for a move-in-ready home with established character in a mature neighbourhood, or downsizers who appreciate the convenience of a bungalow but still desire significant indoor and outdoor space.
Frequently Asked Questions
1. How does the age of the home affect its condition and potential costs?
Built in 1981, major systems like the roof, windows, or furnace may be at or nearing the end of their typical lifespan. A thorough inspection is crucial to budget for any necessary updates, though the home's age also means it's situated in a well-established area with mature landscaping.
2. What are the advantages and considerations of such a large lot?
The nearly 6,700 sqft lot is a significant asset, offering excellent privacy, space for gardening, and room for children or pets to play. Buyers should consider the maintenance required for a yard of this size, but also recognize the potential for adding a deck, patio, or even an addition in the future.
3. The home ranks highly for lot size and assessed value, but lower for living area within the community. What does this mean?
This indicates you are purchasing a property with a premium lot in a desirable location, but the actual living space (1,578 sqft) is more modest relative to neighbours. The value is in the land and the potential of the finished basement to effectively double your usable living area.
4. What is the significance of the fully finished basement?
A finished basement significantly increases the home's functional square footage, providing flexible space for a family room, home office, or additional bedrooms. It’s a key feature that enhances livability without increasing the property's footprint.
5. How should I interpret the various neighbourhood and city-wide rankings?
The rankings show this property is a strong performer overall in Winnipeg (top 20% by value), and its lot is particularly large for its immediate street. However, within the broader Eric Coy community, it faces more competition on metrics like living area, suggesting a mix of very spacious and more modest homes in the area.