Property Overview
This 1967-built bungalow in Eric Coy offers a practical layout with a fully finished basement on a large, approximately 8,373 sqft lot. Its key appeal lies in its established neighborhood setting and the significant amount of usable space both above and below ground. The home’s competitive rankings highlight its above-average lot size and overall assessed value within Winnipeg, suggesting solid fundamentals for the price point. It would suit first-time buyers, small families, or investors looking for a move-in-ready property with a low-maintenance, single-story layout and the potential that a large lot provides. The fully finished basement adds immediate functional living or recreational space, a notable advantage over similar homes requiring renovation.
Frequently Asked Questions
1. What is the significance of the property's ranking data?
The rankings compare this home to others on its street, in Eric Coy, and across all of Winnipeg. They indicate that, most notably, its lot size is larger than 90% of properties citywide, and its total assessed value is better than 62% of Winnipeg homes, which are strong foundational characteristics.
2. Is the large lot size a benefit for future expansion?
While the sizable lot offers ample outdoor space, any expansion like an addition or garage would be subject to current zoning bylaws and setback requirements. It provides valuable flexibility, but specific plans should be verified with the city.
3. What should I consider about a home built in 1967?
While the home has been maintained, its age means prospective buyers should pay particular attention to the condition of major systems during an inspection, such as the roof, plumbing, electrical wiring, and foundation, which may be original or nearing their typical lifespan.
4. How does the finished basement affect living space and value?
The finished basement immediately adds usable square footage beyond the main floor's 1,262 sqft, which is a functional advantage. It’s important to confirm the quality and legality of the finish work, as proper permits and moisture control are key for long-term value and comfort.
5. Who might this property not suit?
Buyers seeking a modern, open-concept layout or recently renovated interiors may find the original 1967 floor plan and features require updates. Additionally, those prioritizing a brand-new home or a property with a higher ranking in interior square footage might look elsewhere.