Property Overview
This well-situated two-storey home in Eric Coy offers a compelling blend of space, established character, and a generous lot. Built in 1987, its key appeal lies in its above-average living area (over 2,000 sq ft) and a large, 7,858 sq ft property, providing ample room for family living and outdoor potential. The home presents a solid, move-in-ready foundation with an unfinished basement, offering valuable space for future customization to suit a buyer's specific needs.
Its competitive rankings are noteworthy: it sits in the top 12% of Winnipeg for lot size and the top 8% for living area, indicating a property that offers more physical space than most in the city. While the interior finishes reflect its era, the structure itself is newer than most in its immediate neighborhood, ranking in the top 7% on its street for age. This home would ideally suit a growing family, a handy buyer looking to add value over time, or anyone seeking a established community with the rare advantage of a very large yard without moving to the outskirts.
Key Questions for Consideration
1. What is the true value proposition here?
The data suggests you are primarily paying for generous physical space—both indoors and on a large lot—in a mature neighborhood. The value is in the land and the square footage, making it a strategic purchase for those who prioritize room to grow over modern turn-key finishes.
2. How does the unfinished basement affect the home's potential?
While it requires an investment to finish, the basement represents significant untapped potential. It allows a new owner to create exactly the space they need (e.g., a rec room, home office, or additional bedroom) without having to undo someone else's renovations, adding both functional space and future value.
3. The assessment value is notable. What does it indicate?
With an assessed value that places it in the top 12% city-wide, the property is formally recognized as a higher-value asset in Winnipeg's market. This often correlates with stronger long-term value retention and can be a positive factor for financing.
4. Is the property's age a concern?
Built in 1987, the home is in the middle of its expected lifespan. Major systems like the roof, windows, or furnace may be nearing or have reached their replacement age. A thorough inspection is crucial to understand the condition and timing of any necessary updates, which should be factored into planning.
5. Who would this property not be ideal for?
It may not suit buyers seeking a low-maintenance, modernized home where no work is required. The unfinished basement and era-specific features mean a willingness to invest time or capital into personalization. It's also likely less appealing for those who prefer a small, low-maintenance yard.