Property Overview & Key Characteristics
This is a distinctive, one-storey home in Winnipeg's Eric Coy neighbourhood, built in 1950. Its primary appeal lies in its exceptional land size of approximately 30,386 square feet, a rare find that places it in the top 1% of properties in Winnipeg for lot dimensions. The home itself offers a generous 2,176 sqft of living space, which is well above average for the area. It features a finished basement and a split garage. While the house is older, its spacious floor plan and, more importantly, the vast potential of its land are its defining assets. This property would perfectly suit buyers looking for long-term potential—whether that means enjoying immense private outdoor space, envisioning future expansions or renovations, or considering the value of a large, subdividable lot in a well-established community. It’s a home where the true value is as much in the ground it sits on as in the structure itself.
Frequently Asked Questions
1. What does the high ranking for land size actually mean?
It means this property's lot is larger than 99% of homes across Winnipeg and in its immediate street, offering a level of privacy and space that is increasingly uncommon in the city.
2. The house was built in 1950. What should I consider?
While the living space is generous and well-ranked, an older home like this typically requires a thorough inspection. Budgeting for modernized mechanical systems (like plumbing and electrical) and potential updates should be part of your evaluation, balanced against the unique value of the land.
3. Is the lot potentially subdividable?
A lot of this size in Eric Coy may have subdivision potential, but this is not guaranteed. Any buyer seriously interested in this possibility must consult directly with the City of Winnipeg's Planning Department to verify zoning and subdivision bylaws.
4. What is a "split garage"?
A split garage is typically a double-width garage separated into two single bays by a wall or column, allowing for two separate doors. It offers more flexibility than a single large door but may feel tighter for larger modern vehicles compared to some newer designs.
5. The value rankings seem mixed. How should I interpret them?
The data shows a compelling picture: the property excels in space (both land and living area) but is average in assessed value for its community. This suggests you are paying primarily for the exceptional lot, with the older home contributing less to the assessed price. It highlights the property's nature as a land-value opportunity.