Property Overview & Key Characteristics
This two-storey home in Winnipeg's Eric Coy neighbourhood presents a compelling opportunity centered on space and land. Its primary appeal lies in its exceptionally large, 17,137 sqft lot, which places it in the top 2% of all properties in Winnipeg for size. The 1,955 sqft living area is also well above average. Built in 1983, the house itself is newer than most in its immediate area and features a combined attached/detached garage setup. The basement is unfinished, offering potential for future customization.
This property would suit buyers who prioritize outdoor space for gardening, recreation, or future expansion over a move-in-ready interior. It's ideal for someone with a vision to develop the land or complete the home's interior spaces to their own taste. The strong assessment value rankings suggest a solid foundational investment in a well-regarded location, perfect for a long-term holder willing to grow into the asset.
Frequently Asked Questions
1. What does the "combined attached/detached garage" mean?
This indicates the property has both a garage connected to the house and a separate, standalone garage structure. This offers significant flexibility for vehicle storage, a workshop, or additional storage space.
2. The house is from 1983. Should I be concerned about major repairs?
While newer than many area homes, a 40-year-old property will have aging components. A thorough inspection is crucial to assess the condition of the roof, windows, HVAC system, and plumbing, which may be nearing or past their typical lifespans.
3. How can the lot be in the top 2% for size, but the community ranking is lower?
The rankings measure different things. The exceptional lot size is compared to all of Winnipeg. The community ranking factors in many other metrics (like value, living area, etc.) against nearby homes, indicating that while the land is huge, the overall package is more in line with—but still competitive in—the local Eric Coy market.
4. What are the implications of an unfinished basement?
It provides a blank canvas to create additional living space, such as a rec room or suite, but requires a significant investment of time and money. It also means immediate utility costs may be higher to heat the unfinished area, and you must budget for proper insulation, flooring, and walls.
5. Why is the assessed value a useful metric here?
The assessment shows the city's valuation for tax purposes, and its high percentile ranking (top 10% in Winnipeg) indicates a strong underlying property value relative to the market. It serves as a professional, third-party benchmark that supports the premium associated with the land size and location.