Property Overview
This 1977-built bungalow in Eric Coy offers a classic and practical living arrangement on a large, 8,211 sqft lot. Its key appeal lies in its generous single-level layout of 1,572 sqft, providing ease of living, and its substantial property size, which ranks within the top 10% of all lots in Winnipeg. The home features an unfinished basement and an attached garage. While the interior and systems reflect its era, the property’s value is anchored in its land and functional layout. It would suit a buyer looking for a long-term home with solid space fundamentals—someone comfortable with a property that may require gradual updates but offers room to grow, both inside and on the sizable lot. It’s a practical choice over a purely modern one, appealing to those who value space and potential over immediate turn-key finishes.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg. For example, its land size is better than 90% of Winnipeg properties, indicating a lot that is well above average. Its assessed value, however, ranks lower within its immediate street, which can sometimes reflect the home's original condition relative to updated neighbours.
2. Is the unfinished basement a drawback or an opportunity?
This depends entirely on the buyer. It requires investment to finish, but it also offers significant additional space that can be customized to the new owner's needs without the cost of demolishing an existing, possibly dated, renovation.
3. Given the age, what should be prioritized in an inspection?
A thorough inspection of major aging systems is crucial. Focus should be on the roof, foundation, plumbing, electrical (ensuring it meets modern needs), and the heating system. The condition of these will significantly determine immediate versus long-term budgeting.
4. How does the large lot impact maintenance and value?
The large lot is a major asset for privacy, gardening, or future expansion like a deck or shed. However, it also means higher maintenance time or costs for lawn care and landscaping compared to a standard lot.
5. Who is the typical buyer in this area?
Eric Coy attracts a mix of long-term residents and growing families drawn to established neighbourhoods with larger lots and community amenities. This bungalow, in particular, suits buyers seeking single-level living or those planning to customize a home over time.