Property Overview
This is a classic one-and-a-half storey home in the Eric Coy neighbourhood, built in 1947. Its primary appeal lies in the combination of a generous, mature lot and a well-maintained, functional layout. With over 13,600 square feet of land, the property ranks in the top 3% of Winnipeg for lot size, offering exceptional outdoor space for gardening, recreation, or future expansion. The home itself features a finished basement and a detached garage. While the living space is a comfortable 1,012 sqft and the structure is nearly 80 years old, its true value is anchored by the rare lot size in a well-established area. This property would best suit a buyer who prioritizes land over a large modern footprint—someone looking for a character home with incredible outdoor potential, or a long-term holder who values the inherent value of a sizable plot in the city.
Key Details & FAQs
Key Characteristics & Appeal:
- Land as the Asset: The nearly 1/3-acre lot is the standout feature, offering privacy and possibilities unmatched by most city properties.
- Established Character: As a post-war home in a mature neighbourhood, it offers charm and settled surroundings, though it requires an appreciation for older home maintenance.
- Functional Layout: The finished basement adds usable living space, complementing the main floor living areas.
- Ideal Buyer: Perfect for gardeners, families seeking play space, or strategic buyers who see the long-term value in land. It suits those comfortable with a home whose history is part of its character, rather than a brand-new build.
Frequently Asked Questions:
1. What does "one-and-a-half storey" mean for this home?
Typically, this style features main living areas on the ground floor with smaller, cozier bedrooms or rooms under sloped ceilings on the upper level, offering classic charm and efficient use of space.
2. The home is older and the living area is modest. Where does the value come from?
The value is heavily weighted toward the land. The lot size is a rare commodity in Winnipeg, often appreciating independently of the structure. It's an investment in the property's potential as much as the current home.
3. Is the finished basement a legal secondary suite?
The listing states it is a finished basement, which adds living space. There is no indication it is a separate, legal rental suite. Buyers should verify its permitted uses with the city.
4. How should I interpret the competitive rankings provided?
They show the property's position relative to others. Notably, it ranks very high for lot size (top 3% in Winnipeg) but lower for building age and modern living space. This highlights the trade-off: exceptional land with a home that may need updates.
5. What are the considerations with a detached garage?
It provides secure storage or workshop space but requires going outside to access, which is a factor in winter. Its condition and potential for upgrade or replacement should be considered.