Property Overview
This 1973-built, single-storey home on a large, approximately 7,000 sqft lot in Winnipeg's Eric Coy neighbourhood presents a specific and practical value proposition. Its key appeal lies in the combination of a very generous lot size and a fully finished basement, offering space potential that exceeds its 1,053 sqft main-floor footprint. The home ranks highly for its lot size within the broader Winnipeg context and is notably newer than most houses on its street. Recent sale activity (December 2023) provides clear, current market valuation.
It suits buyers looking for a ground-level living layout (one-storey), where the value is in the land and the expanded living space provided by the finished basement, rather than in a large or modern main floor. It's a pragmatic choice for those comfortable with a home from the 1970s, possibly seeking a long-term project where the large lot could allow for future expansion or landscaping. The rankings suggest it's a competitively priced option within its immediate area, potentially offering more lot for your dollar compared to tighter urban settings.
Frequently Asked Questions
Q: How does the finished basement impact the living space?
A: While the main living area is 1,053 sqft, the finished basement significantly expands the usable space. This is a key feature, effectively adding room for recreation, storage, or additional bedrooms, making the home feel larger than the main floor square footage suggests.
Q: The home is over 50 years old. What should I consider?
A: As a 1973 build, prospective buyers should prioritize a thorough inspection focused on aging core components. The roof, foundation, plumbing, and electrical systems are at an age where updates or major repairs may be needed or could be imminent. This is a factor in its pricing.
Q: The lot is large, but is there a garage?
A: No, the property does not include a garage. The large lot does provide ample space for parking and outdoor use, and even potential for adding a garage or shed in the future, subject to local bylaws and permits.
Q: What do the "rankings" next to the features mean?
A: These show how this property compares to others. For example, its lot size is larger than 83% of all Winnipeg homes, making that a standout asset. Conversely, its main-floor living area is smaller than many in the city. These rankings help highlight the property's relative strengths and trade-offs.
Q: The 2023 sale price is slightly above the assessed value. Is that typical?
A: In active markets, sale prices often differ from the municipal assessed value, which is for tax purposes and may lag behind current market conditions. The recent sale provides a concrete, up-to-date benchmark for the home's market worth.