Property Overview
This well-established two-storey home in Eric Coy offers a compelling blend of space, location, and value. Built in 1987, its key appeal lies in its generous proportions on a large, mature lot. With over 2,200 square feet of living space, a finished basement, and an attached garage, it provides ample room for family life. The property's standout feature is its strong relative value within the wider Winnipeg market, ranking in the top tiers for both lot size and living area compared to most city homes. Its appeal is grounded in practicality, offering more interior space than 95% of Winnipeg homes at an assessed value that sits in the city's top 9%. This home would suit buyers looking for established neighborhood character, above-average room to grow without a premium price tag, and a property that represents a solid, sizeable asset relative to its market valuation.
Frequently Asked Questions
1. How does the home's age (built in 1987) factor into its condition and potential costs?
As a home from the late 1980s, major systems like the roof, windows, and furnace may be approaching or have undergone key replacement cycles. A thorough inspection is advised to understand the remaining lifespan of these components, which is a typical consideration for homes of this era.
2. The rankings show it outperforms most of Winnipeg but is more average on its own street. What does this mean?
This indicates Aikman Place is a street of relatively comparable, desirable properties. While the home is exceptional for its space city-wide, it fits comfortably within its immediate block, suggesting neighborhood consistency rather than standing out as unusually large or small among its direct neighbors.
3. What is the significance of having a "finished" basement?
A finished basement immediately adds functional living space without a renovation project. It's important to clarify the finish level (e.g., basic rec room vs. legal secondary suite) and to check for proper moisture control and ceiling height, as these are common points for older basements.
4. The lot is large at nearly 7,000 sq ft. What are the advantages?
Beyond simple curb appeal, a lot of this size in an established area offers significant outdoor living potential, privacy from neighbors, and ample space for gardening, play, or future additions like a deck or shed. It also represents a land value that is increasingly rare in newer subdivisions.
5. Why is there a focus on "assessed value" instead of just the listing price?
The assessed value ($570,000) is the city's valuation for property tax purposes and is a useful, independent benchmark for a home's base worth. It provides a grounded starting point for understanding how the market price aligns with municipal valuation, especially in a market where this home ranks highly for its assessed value.