Property Overview: 78 Deerpark Drive
Section 1: Key Characteristics & Appeal
This well-established home in Eric Coy sits on a generous, mature lot of over 8,000 square feet, offering a strong sense of space and privacy uncommon in many newer subdivisions. The 1,511 sqft, two-storey home, built in 1986, features a finished basement, adding to its functional living space. Its appeal lies in its established neighborhood setting and its notable value proposition within the wider Winnipeg market. While its interior size is modest relative to the lot, the property ranks highly for its lot size, age, and recent sale price compared to the entire city, suggesting a desirable location and a solid, move-in-ready foundation.
This property would suit first-time buyers or downsizers looking for a manageable home with outdoor space in a settled community. It’s also a practical choice for value-focused buyers who prioritize a larger lot and neighborhood character over a brand-new build, and who see potential in the existing structure to personalize over time.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s last sale price in 2022 ranked higher than 84% of all Winnipeg sales, indicating a strong perceived value for its offering. In its immediate Eric Coy community, that price ranked higher than 75% of homes, placing it in the top quarter for the neighborhood.
2. Is the house relatively new or older?
Built in 1986, the home is 40 years old. This is actually newer than 83% of homes in the Eric Coy community, making it a comparatively newer property in an established area.
3. What are the rankings shown, and what do they mean?
The rankings compare this property against others on its street, in Eric Coy, and across all Winnipeg for metrics like lot size, age, and past sale price. For example, its lot size is larger than 89% of all properties in Winnipeg, a significant advantage. Conversely, its living space is smaller than most on its specific street.
4. Who might this property not suit?
Buyers seeking a modern, open-concept layout or extensive recent renovations may find the 1986 floorplan requires updates. Those needing ample indoor square footage or an attached garage might also want to consider other options.
5. The assessment value is lower than the 2022 sale price. Why?
Municipal property assessments for tax purposes often lag behind current market values and use a different valuation model. The 2022 sale price of $509,000 is a direct market transaction and is generally a more current indicator of what a buyer was willing to pay.