Property Summary: 62 Alenbrook Bay, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in the Eric Coy neighbourhood, built in 1978. It sits on a large, approximately 6,423 sqft lot, offering ample outdoor space. Key features include a finished basement, an in-ground swimming pool, and an attached garage. With 1,479 sqft of living space, it provides comfortable room for a family.
The home's appeal lies in its combination of space, privacy, and recreational amenities. The large lot and private pool create a personal retreat, a significant asset for summer enjoyment and entertaining. Market data suggests it holds its value well, consistently ranking above average for its area in terms of assessed value and recent sale prices. It particularly suits buyers looking for a move-in ready home with established landscaping and unique leisure features, without the need for new construction. It's ideal for a family that values indoor-outdoor living, or for someone seeking a property with proven long-term value in a mature community.
Frequently Asked Questions
1. How does the age of the home (built 1978) factor into its value?
While 48 years old, the home's above-average rankings in assessed value for the area suggest it has been maintained well. Buyers should focus on the condition of major systems (roof, plumbing, electrical) and the quality of updates, but can also appreciate the character and established neighbourhood that come with a home of this era.
2. Is the swimming pool a benefit or a burden?
This depends entirely on the buyer's lifestyle. It's a major recreational benefit for those who will use it, enhancing summer living and entertainment. However, it requires seasonal maintenance, carries ongoing costs, and is a safety consideration for families with very young children.
3. The home ranks in the "top 92%" for lot size in the community. What does this mean?
This statistical ranking means the property's lot is larger than 92% of others in Eric Coy. In practical terms, it confirms the lot is a standout feature for the area, offering more privacy, yard space, and potential than most neighbouring properties.
4. The last sale was in 2020 for $435,000, but the current assessed value is $488,000. Why the difference?
Assessed value is for municipal tax purposes and can lag behind the dynamic real estate market. The 2020 sale price is a historical fact, while the assessment is an estimate of value as of a specific date. The market value today will be determined by current conditions, recent comparable sales, and the property's present state.
5. What is the significance of the home's consistent rankings above area averages?
The data shows the home consistently outperforms many peers in its street, community, and city across metrics like size, value, and recent sale history. This indicates it is a property that has historically been perceived as desirable within its market segment, which can be a positive signal for long-term value retention.