Property Overview
This is a distinctive, one-storey home on an exceptionally large, nearly 40,000 sqft lot in Winnipeg's Eric Coy area. Built in 1948, its primary appeal lies not in the 1,124 sqft living space, but in the rare scale of its land, which ranks in the top 1% of the city. The property offers a blank canvas for buyers seeking space and privacy above all else. It would perfectly suit someone looking for a long-term family compound with room for extensive gardens, multiple outbuildings, or future expansion. It also appeals to investors or builders who recognize the ultimate value is in the land itself, viewing the existing house as a placeholder with potential for renovation or redevelopment. The charm here is grounded in possibility rather than modern finishings, catering to a buyer whose vision extends well beyond the current footprint.
Key Questions & Considerations
1. What does the lot size actually allow?
With nearly an acre of land in the city, possibilities are significant. Beyond a large garden or pool, it could accommodate a substantial workshop, a separate garage, or even a secondary dwelling (subject to zoning and permits). This level of space is exceptionally rare in Winnipeg.
2. Given the age, what are the major system concerns?
A home from 1948 will require a thorough inspection of its foundational structure, roof, plumbing, and electrical systems. Potential buyers should budget for updates and be prepared for the character-appropriate maintenance that comes with an older home.
3. Why is the assessed value relatively modest for such a large lot?
The assessment reflects the current state and size of the existing dwelling. The value is weighted significantly toward the home itself, not the development potential of the land, which a market sale price is more likely to capture.
4. Is the location practical for daily needs?
While the lot offers private sanctuary, buyers should research the convenience of local amenities, schools, and commuting routes to ensure the neighborhood's offerings align with their lifestyle, as the home's age suggests a more established, quieter area.
5. What's the realistic balance between charm and project?
This property is a clear trade-off. You are acquiring immense space and potential at the likely cost of ongoing updates and energy efficiency improvements. Its appeal is strongest for those who see the long-term equity in land and are prepared for the journey of shaping the property to their vision.