Property Overview & Key Characteristics
This is a well-situated, single-storey home in the Eric Coy neighbourhood, built in 1960. Its primary appeal lies in its exceptionally large, 10,066 sqft lot, which places it in the top 6% of all properties in Winnipeg for land size. The home itself is modest at 900 sqft and includes a finished basement and an attached garage.
The property suits buyers prioritizing land over living space. It’s ideal for someone seeking a quiet, established area with ample outdoor room for gardening, expansion, or simply enjoying private green space. The large lot also represents a long-term value proposition in a city where such sizable parcels are becoming rarer. It’s a practical home for downsizers or first-time buyers comfortable with a smaller footprint, with the unique advantage of a blank-canvas yard. A thoughtful perspective is that while the house ranks lower in size and modernity locally, its city-wide land ranking is outstanding, suggesting its true potential and appeal may be to a buyer looking at the broader Winnipeg market rather than just the immediate street.
Frequently Asked Questions
1. What is the true standout feature of this property?
The overwhelmingly standout feature is the land. At over 10,000 sqft, the lot size is in the 94th percentile for all of Winnipeg, offering rare outdoor space and potential.
2. Is the house in need of major updates?
Given its 1960 construction date, it ranks as newer than only about 38% of Winnipeg homes. Buyers should budget for updates consistent with a home of this age, though the basement is already finished.
3. Who would this property not suit?
It would not suit buyers seeking a modern, move-in-ready home with large interior living areas, as the house itself ranks in the lower percentiles for both size and age within its own community.
4. How does the assessed value compare to similar properties?
The assessment of $357,000 ranks higher than about half of Winnipeg properties but lower than most on its street and in Eric Coy. This may reflect the modest home size balanced against the valuable lot.
5. What is the potential here for a future buyer?
The potential is in the land. The large lot allows for possibilities like a significant addition, building a detached garage or workshop, or simply enjoying one of the larger private yards available in the city. The existing home provides a solid, affordable foundation.