Property Overview: 54 Deerpark Drive
This two-storey family home in Winnipeg's Eric Coy neighbourhood presents a compelling opportunity. Built in 1987, it sits on a generous, mature lot of nearly 11,000 sqft—a significant size that ranks it in the top 5% of all properties in Winnipeg for land area. With over 2,100 sqft of living space, the home offers ample room, ranking in the top 7% of the city for size. Its key features include an unfinished basement, providing a blank canvas for future expansion, and an attached garage.
The appeal here is rooted in space and potential. The vast lot is a standout, offering privacy, room for gardens, play areas, or future additions—a rarity that becomes more valuable over time. While the home itself is from the late 80s and may benefit from updates, its above-average square footage provides a solid foundation. It would suit buyers looking for a long-term family home where they can grow into the space and customize it to their tastes, particularly those who value a large, established yard over a brand-new build. The property’s assessment value ranks highly, suggesting strong underlying value for the area.
Frequently Asked Questions
1. What is the neighbourhood like?
Eric Coy is a mature, established community in Winnipeg. The property's rankings show it is larger and newer than most homes on its street and in the wider area, indicating it's among the more substantial homes in a well-settled neighbourhood.
2. Is the basement usable?
The basement is included but is unfinished. This is a key point of potential, allowing a new owner to design and finish the space according to their own needs and budget, whether for recreation, storage, or additional bedrooms.
3. How does the lot size compare to others?
The lot is a major feature. At 10,984 sqft, it is larger than 95% of residential properties in Winnipeg, offering exceptional outdoor space compared to typical modern lots.
4. What might need updating?
As a home built in 1987, prospective buyers should budget for potential updates to interior finishes, windows, or mechanical systems consistent with its age. The unfinished basement also represents a future project.
5. How does the assessed value relate to the asking price?
The municipal assessment is $540,000, which places it in the top 13% of Winnipeg properties for assessed value. This indicates the city assesses it as a high-value property for tax purposes, which is a useful benchmark, though the market asking price may differ.