Property Overview & Key Characteristics
This is a well-established, single-storey home in the Eric Coy neighbourhood, built in 1978. Its key appeal lies in its generous, mature 6,195 sqft lot, offering significant outdoor space that is uncommon in many newer subdivisions. The home itself features 1,261 sqft of living space and includes a finished basement and an attached garage. The data suggests a property with solid fundamentals: it ranks highly city-wide for its lot size (top 27%) and assessed value (top 25%), indicating a desirable and stable investment. Its appeal is grounded in space, established community character, and value retention rather than modern finishes.
It would particularly suit first-time buyers or downsizers seeking a manageable single-level layout on a large, private lot. It’s also a fit for value-conscious buyers who prioritize land size and location over a newer build, and who see potential in a home that is older than the majority in its immediate area but well-positioned within the wider market.
Frequently Asked Questions
Q: The home is older than most in its area. Should I be concerned?
A: While it's true the home is older than 82% of houses on its street, its above-average city rankings for value and lot size suggest the core assets—land and location—are strong. A thorough inspection will be crucial, but the age may also be reflected in a more accessible price point for the neighbourhood.
Q: What does the ranking for "Assessed Value" actually tell me?
A: Ranking higher than 75% of Winnipeg homes means the city's assessment sees this property as more valuable than most. This generally correlates with market value and can indicate a desirable area, but it's not a guarantee of sale price.
Q: The living space is smaller than average for the community. Is that a drawback?
A: It depends on your needs. The home's footprint is efficient, and the finished basement adds functional space. The trade-off is the exceptionally large yard, making it ideal for those who value outdoor living or privacy over a larger interior.
Q: Is the lot size a major advantage?
A: Yes. A lot of this size (over 6,000 sqft) in an established area offers rare potential for gardening, expansion, or simply enjoying spacious grounds—an feature increasingly difficult to find and one that contributes significantly to long-term value.
Q: Who is this neighbourhood, Eric Coy, best suited for?
A: Eric Coy is a mature, family-friendly community in Winnipeg. This specific street appears to be a mix of older original homes and newer builds, offering a quiet, settled atmosphere with the convenience of nearby schools, parks, and amenities typical of the area.