This one-storey home in Winnipeg’s Eric Coy neighbourhood presents a distinct opportunity centered on its land and location. Built in 1952, the 1,168 sqft house sits on a notably large, approximately 14,699 sqft lot, which is a key feature. The home includes a finished basement and an attached garage.
Its primary appeal lies in the combination of a generous, private yard in a well-established area and the potential for future updates or expansion. The property ranks highly for its lot size within Winnipeg, placing it in the top 2% city-wide, suggesting rare outdoor space for its setting. However, the home itself is more modest in size and age relative to its immediate area, with rankings for living space and year built falling in the middle to lower percentiles locally. This dynamic makes it particularly suited to buyers who value land over a turn-key modern home—specifically, those looking for a long-term family home with room to grow outdoors, or investors/renovators who see value in the underlying property and are prepared to update the existing structure. It’s a property where the value is arguably more in "what could be" than in its current state.
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What is the true highlight of this property?
While the house is a functional, mid-century bungalow, the standout feature is the land. A lot of nearly 15,000 sqft in this area offers uncommon space for gardens, recreation, or future additions, which is increasingly rare.
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The assessed value seems low for the area. Why?
The municipal assessment is significantly lower than many neighbouring properties. This typically reflects the home's older age, smaller size, and current condition compared to newer or extensively renovated homes on the street. It can mean relatively lower property taxes, but also indicates the existing structure contributes less to the total value than the land itself.
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Is the house move-in ready?
The listing confirms a finished basement, but given the home's age (74 years), buyers should budget for ongoing maintenance and modernizations. It is likely a candidate for gradual updates or a significant renovation to match the potential of its lot.
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Who would this property not suit?
It may not be ideal for buyers seeking a modern, low-maintenance home or who do not wish to undertake any projects. The appeal is geared toward those comfortable with a property whose greatest asset is its land and future potential.
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How does the location rank for convenience?
Located on Roblin Boulevard, a major artery, this offers excellent access to transit and amenities. The trade-off is potentially higher traffic noise compared to a quiet side street, which is a factor to weigh against the convenience.