Property Overview: 613 Dieppe Road, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in the Eric Coy neighborhood, built in 1960. Its primary appeal lies in its generous proportions, both indoors and out. The nearly 1,960 sqft of finished living space is notably larger than most Winnipeg homes, placing it in the top 11% citywide. This is complemented by an expansive, private lot of approximately 13,589 sqft, offering significant outdoor space that is increasingly rare.
The home features a finished basement and an attached garage. While its 1960s construction date means it may require updates, it presents a solid foundation with excellent "bones." The property's standout value is its space-to-price ratio, offering substantial square footage and a large yard at an assessed value that is competitive within the broader market.
This property would best suit buyers who prioritize interior and exterior space over a newer build. It’s ideal for families seeking room to grow, hobbyists or gardeners who value a large lot, or value-conscious purchasers looking for a home with strong potential to customize over time. Its rankings suggest it’s a standout property in terms of size within its community and the wider city.
Frequently Asked Questions
1. What is the neighborhood like?
Eric Coy is a mature, established neighborhood in Winnipeg. The property's rankings show it outperforms over half of its immediate neighbors on Dieppe Road for lot and living space, indicating it is among the larger, more private homes in the area.
2. What should I budget for updates or maintenance?
Given the home's age (66 years), prospective buyers should budget for potential updates to major systems like roofing, plumbing, or electrical, as well as cosmetic modernizations. A thorough inspection is highly recommended.
3. How does the assessed value relate to the likely selling price?
The municipal assessment of $408,000 is a tax valuation, not a market price. It serves as a benchmark, but the final sale price will be determined by current market conditions, the home's specific condition, and buyer demand for its unique spacious attributes.
4. Is the basement a legal suite?
The listing notes the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should verify its compliance with local zoning and licensing regulations.
5. What are the long-term advantages of such a large lot?
Beyond immediate privacy and recreation, the 13,589 sqft lot represents a long-term asset. It offers potential for future additions, landscaping projects, or even subdivision, subject to municipal approval, which can add significant flexibility and value.