Property Overview
This 1979 two-storey home at 70 Blossom Bay in Winnipeg's Eric Coy neighbourhood presents a compelling blend of space, established character, and recent value appreciation. Its key appeal lies in its generous 1,830 sqft layout, a fully finished basement, and a large 5,826 sqft lot, offering room to grow. The home suits buyers looking for a solid, spacious property in a mature area, particularly those who value a sizable yard over a brand-new build. It’s a practical choice for a growing family or someone seeking a footprint that’s larger than many newer offerings.
A less obvious perspective is its competitive positioning. While it ranks in the middle of its immediate street for size and value, it stands out significantly in broader comparisons, placing in the top 14% of Winnipeg for living area and the top 18% for assessed value. The January 2025 sale at $620,000, well above the $500,000 assessment, suggests strong buyer demand for homes with these characteristics in the current market. This indicates a property that has been modernized or is perceived to have untapped potential, appealing to buyers who see value beyond the basic stats.
Frequently Asked Questions
1. How does the age of the home (built 1979) affect its condition and costs?
As a home nearing 50 years, prospective buyers should budget for updates to major aging components like the roof, windows, or HVAC system. However, its age also means it’s situated in a well-established neighbourhood with mature landscaping and larger lot sizes than typical newer subdivisions.
2. The home recently sold for significantly more than its assessed value. What does this mean?
The $620,000 sale price compared to the $500,000 assessment reflects strong market demand and likely indicates upgrades or desirable features not fully captured in the official valuation. It also sets a new, higher benchmark for future assessments and property taxes.
3. What do the ranking percentages actually tell me?
They show how this property compares to others. For example, ranking in the top 14% of Winnipeg for living area confirms it is genuinely spacious. Conversely, ranking in the top 100% (lowest) for land size within its own community highlights that very large lots are a common feature of Eric Coy, which is a positive aspect of the area.
4. Is the fully finished basement included in the listed 1,830 sqft living area?
Typically, in Canadian real estate, the listed living area (sqft) refers to above-grade space. The fully finished basement is additional square footage, adding significant functional space to the home beyond the main and upper floors.
5. Who would this property NOT be suited for?
It may not suit buyers seeking a modern, low-maintenance “turn-key” home without any upcoming projects, or those who prioritize a brand-new neighbourhood aesthetic. The rankings also show it’s one of the smaller properties on its specific street, so buyers wanting to be at the top of their immediate block for size might look elsewhere.