Property Overview & Key Characteristics
This is a character-filled one-and-a-half storey home built in 1920, situated on a notably large, mature lot of over 8,000 sqft in the Eric Coy neighbourhood. Its primary appeal lies in the generous outdoor space—a rarity for the area—offering significant potential for gardening, expansion, or simply enjoying a private yard. The home itself, with 890 sqft of living space, presents a classic footprint that suits first-time buyers, downsizers, or hands-on individuals looking for a project with good bones and land value. Its competitive rankings for lot size and assessed value within Winnipeg suggest a solid foundation of underlying property worth.
The home would suit a buyer who values space and potential over immediate turn-key perfection. It’s an opportunity to gradually restore a piece of local history while benefiting from a lot that outperforms most in the city. A thoughtful perspective is that this property offers a chance to own a substantial piece of land in an established community, where the value may be anchored more in the property itself than in the current structure, appealing to those with a long-term vision.
Frequently Asked Questions
1. What does "one-and-a-half storey" typically mean for a 1920s home?
This style usually features a main floor with principal rooms and a second floor with sloped ceilings following the roofline, creating cozy bedrooms or attic spaces. It's a classic Winnipeg design that maximizes space efficiently.
2. The home ranks very low for age and living area in its community. Should I be concerned?
Not necessarily. These rankings confirm it's one of the older, more compact homes in Eric Coy, which is expected for its era. The more notable rankings are its strong standing for lot size city-wide and its average assessment value on its street, highlighting the land as a key asset.
3. Is the large lot a major advantage?
Absolutely. An 8,052 sqft lot is significantly above average and is the property's standout feature. It provides privacy, space for additions, recreational areas, or landscaping projects that are simply unavailable with newer, standard-sized lots.
4. There's no basement or garage. How does this impact living and storage?
The lack of a basement means all living and mechanical systems are on the main floors, which can simplify maintenance. However, it reduces traditional storage and utility space. Creative solutions or a future shed/workshop would be considerations for storage and hobbies.
5. The assessed value is relatively low compared to the lot size ranking. What does this indicate?
This typically suggests the municipal assessment reflects the current condition and size of the home itself rather than the full development potential of the land. It can indicate an opportunity to increase the property's total value through thoughtful updates or expansions.