Property Overview & Appeal
This 1978-built bungalow in Eric Coy offers a practical, single-level layout with 1,260 sqft of living space and a fully finished basement on a large, 5,675 sqft lot. Its key appeal lies in its established, quiet neighbourhood setting and the move-in-ready convenience of a home that has been maintained and updated over time. The property ranks highly for its lot size within its immediate area and shows solid value for Winnipeg, positioned above the median for assessed value city-wide.
It would suit first-time buyers looking for a manageable, ground-level home without major immediate projects, or downsizers seeking a bungalow layout with ample outdoor space. The large lot is a standout feature for those prioritizing private yard space over a larger interior footprint. A thoughtful perspective is that while its interior size ranking is modest locally, its above-average city-wide rankings for lot size, age, and assessment suggest a property that balances space, updates, and value in a way that competes well across a broader market.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this home to others on its street, in Eric Coy, and across all of Winnipeg. For example, being newer than 73% of homes in the community indicates it's relatively updated for the area, while ranking in the top 39% city-wide for assessed value suggests it holds solid market value.
2. Is the finished basement included in the 1,260 sqft living area?
No, the 1,260 sqft refers to the above-ground living space of the bungalow. The fully finished basement provides additional living area, which is a significant functional bonus not reflected in the main square footage figure.
3. How does a 48-year-old home affect maintenance?
While major systems may have been updated over time, a home of this age warrants a thorough inspection. The upside is that potential issues in a well-maintained bungalow are often more straightforward and affordable to address than in larger, more complex properties.
4. The lot is large, but what are the responsibilities that come with it?
A 5,675 sqft lot offers great space for gardening, play, or expansion, but also means higher costs and effort for landscaping, lawn care, and snow clearing compared to a smaller yard.
5. Why is the assessed value ranking much higher than the living area ranking?
This suggests that factors beyond pure square footage—such as the finished basement, the desirable lot, updates, and the bungalow style itself—are contributing positively to its municipal assessment and perceived market value.