Property Overview & Key Characteristics
This property is defined by its exceptionally large, half-acre lot in the Eric Coy neighborhood, which is its most compelling feature. The appeal lies in the rare opportunity to own a substantial piece of land within the city, offering immense potential for gardening, recreation, expansion, or simply enjoying private outdoor space. The home itself is a modest, single-story 1,605 sqft bungalow from 1964 with a finished basement and a detached garage. Its value is anchored in the land, not the structure.
The rankings provided highlight its unique position: it sits on one of the largest lots in its area, ranking in the top 1% city-wide for land size. However, the house is older than most in its immediate vicinity. This creates a clear profile: it’s a land play. It would perfectly suit a buyer looking for a long-term project—whether that’s renovating the existing bungalow, eventually rebuilding, or simply prioritizing expansive private outdoor living over a modern, turn-key home. It’s less suited for those seeking a new or recently updated property without any future work.
A less obvious perspective is that such a large, established lot can offer a sense of permanence and tranquility that is increasingly hard to find in urban settings, while still being part of a community. The significant gap between the lot's top-tier ranking and the home's age-based ranking underscores a property with untapped potential rather than immediate luxury.
Frequently Asked Questions
1. What does the "finished basement" include?
The listing notes a finished basement but does not specify the extent, rooms, or ceiling height. A viewing is essential to assess its condition and suitability for your needs.
2. Is the property suitable for subdividing the lot?
This is a common consideration given the lot size. Any subdivision would require research into current City of Winnipeg zoning bylaws and planning approvals, which are not detailed here.
3. How does the detached garage function in winter?
A detached garage in our climate means a walk outdoors to your vehicle. For some buyers, this is a minor trade-off for the lot size; for others, it's a significant consideration for daily convenience.
4. The home is older—what should I budget for updates or maintenance?
Built in 1964, major systems (roof, windows, plumbing, electrical, HVAC) may be at or beyond their typical lifespan. A thorough inspection is crucial to understand potential upcoming costs.
5. The value rankings seem contradictory. How is it in the top 1% for land but lower for the building?
This accurately reflects the property's nature. Its exceptional value is in the sheer size of the land (top 1% in Winnipeg). The rankings for age and assessment reflect the older, more modest home situated on that prized land. The overall package is a balance of premium land with a home that likely requires investment.