This is a distinctive property defined by its rare combination of historical character and exceptional outdoor space. Its primary appeal lies in its massive, nearly half-acre lot (21,780 sqft) in the Eric Coy area, a feature that surpasses 99% of all Winnipeg properties. The two-storey home itself, built in 1914, offers 1,354 sqft of living space with a finished basement. While the house presents a classic layout, its standout characteristic is the unparalleled potential of its land, offering privacy and room for expansion, gardens, or recreation that is almost impossible to find within the city.
The property would best suit a buyer who values space and potential over turn-key modern finishes. It’s ideal for someone with a vision—whether that’s a multi-generational family seeking room to grow, a gardener or hobbyist craving extensive outdoor workspace, or a renovator looking to gradually restore and expand a character home on a truly private parcel. The very low assessment value relative to the lot size suggests significant upside potential, but also indicates the current home likely requires modernization.
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What is the true value proposition here? The data suggests you are primarily investing in the land. The lot size is exceptionally rare, while the house's age and assessment value indicate it is the land that holds the majority of the property's worth and future potential.
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What does the "finished basement" entail? Given the home's age, it's important to understand the nature of the basement finish, its ceiling height, moisture control, and compliance with any current codes to assess its true functionality as living space.
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How does the 1914 construction date impact utilities and structure? Prospective buyers should proactively investigate the condition and age of major systems (wiring, plumbing, heating, roof), as well as the foundation and insulation, to realistically budget for updates or maintenance.
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Is the lot subdividable or are there any development restrictions? The sheer size of the lot may lead to questions about potential subdivision or the addition of secondary suites. This would require a check with city zoning bylaws and any historical or community guidelines that may apply.
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Why is the assessed value relatively low compared to the lot size? The assessment ranking shows it exceeds only 38% of Winnipeg properties in value, which is low for such a large lot. This typically reflects the current state and size of the dwelling itself, highlighting the gap between its present condition and its potential value once improved.