Property Overview: 49 Blossom Bay, Eric Coy, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home on a generous 6,081 sqft lot in the Eric Coy neighbourhood. Built in 1978, it offers 1,299 sqft of living space, a finished basement, and an attached garage. Its appeal lies in its balance of space and practicality. The large lot is a standout feature for the area, offering significant outdoor potential for gardening, play, or expansion. While the home's interior size is modest relative to the property, the finished basement adds valuable flexible space.
The property suits first-time buyers or downsizers looking for a manageable single-level layout in a mature community. It also appeals to value-oriented buyers who prioritize land size over a newer build, seeing the lot as a long-term asset. The home’s assessed value positions it as a more accessible entry point into the neighbourhood, offering a chance to add value through updates. A thoughtful perspective is that its rankings—stronger in lot size and city-wide value, but lower within its immediate community—suggest it’s a solid, if unflashy, home that may offer relative value compared to more updated houses on the same street.
Frequently Asked Questions
1. How does the home’s condition compare to others on the street?
The rankings indicate that, at 48 years old, this home is newer than about 74% of houses on its street. However, its living area is smaller than most neighbours' homes. This suggests a well-situated property that may benefit from modernization to match its prime lot.
2. What does the "finished basement" include?
The listing confirms a finished basement, but specifics on the finish quality, rooms, and ceiling height are not provided. This is a key detail to verify during a viewing, as finishes in a 1978 home can range from basic rec rooms to fully developed living spaces.
3. Is the large lot a common feature in this area?
With a lot size over 6,000 sqft, this property surpasses 44% of others on its street. This means larger lots exist, but this one is still above average, making it a notable feature for the location.
4. How does the assessed value relate to the asking price?
The home has a municipal assessment of $453,000, which is higher than 75% of all Winnipeg homes but only higher than 57% in Eric Coy. This indicates the assessed value is strong city-wide, but more middle-of-the-road within its own community, which can be a useful benchmark for negotiations.
5. Who might this neighbourhood suit?
Eric Coy is a mature, established neighbourhood. The home’s rankings show it is among the smaller and older homes within the community itself, suggesting a quieter, settled area. It would suit those seeking stability and space over brand-new amenities.