Property Overview & Appeal
This is a distinctive one-and-a-half storey home built in 1935, sitting on an exceptionally large, mature lot of over 26,000 square feet in the Eric Coy neighborhood. Its primary appeal lies in the rare combination of generous interior space (2,329 sqft of living area) and vast outdoor privacy within the city, a pairing that is increasingly hard to find. The home features a finished basement and a detached garage.
Its key characteristics—the substantial lot size and above-average living space—rank it in the top tier of properties across Winnipeg, suggesting a property that offers more room than the vast majority of homes in the city. However, its age is a significant factor, placing it among the older homes in its immediate area. This creates a unique profile: a property with immense potential and scale, suited for a buyer who values space, privacy, and the character of an established neighborhood over a modern, turn-key build. It would ideally suit a visionary buyer, a multi-generational family, or someone seeking a project to customize over time, who sees the lot and foundational space as the primary assets.
Frequently Asked Questions
1. What does the age of the home (1935) practically mean for a buyer?
While offering classic character, it necessitates thorough inspections for aging systems like plumbing, electrical, and the foundation. The rankings show it is significantly older than most homes nearby, so budgeting for updates and maintenance should be a primary consideration.
2. The lot size is a major feature. What are the possibilities and responsibilities?
The over half-acre lot offers unparalleled potential for gardening, recreation, expansion, or even future subdivision (subject to city bylaws). The trade-off is the ongoing commitment to landscaping, yard maintenance, and potentially higher associated costs.
3. How does the "finished basement" factor into the living space?
It adds functional area, but the quality, ceiling height, and moisture control of a basement finished in a 1935 home should be carefully evaluated to understand its true value and comfort level.
4. The assessment value seems moderate compared to the lot and size rankings. Why?
Municipal assessments often lag market value and heavily factor in the home's age and condition. The moderate assessment likely reflects the balance between the premium value of the land/size and the costs associated with the older dwelling itself.
5. Is the detached garage a pro or a con?
It depends on buyer preference. It provides separate workshop or storage space but lacks the convenience of an attached garage, especially during Winnipeg winters. The distance from the house is a practical consideration.