Property Overview: 78 McDowell Drive, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, single-storey home in the Eric Coy neighbourhood, built in 1978. Its key features include a fully finished basement, an attached garage, and a generous 6,139 sqft lot. With 1,318 sqft of living space, it offers a practical layout for everyday living.
The appeal lies in its established community setting and its strong value positioning. The property ranks in the top 28% of all Winnipeg homes for lot size and the top 22% for assessed value, suggesting it is a substantial property for its price point. It particularly stands out within its own neighbourhood (Eric Coy), ranking in the top 5% for lot size and the top 35% for assessed value. This indicates a property that offers more space and perceived value than many of its immediate peers.
This home would suit a buyer looking for a move-in ready, no-fuss bungalow with ample outdoor space, perfect for gardening or private relaxation. It’s ideal for downsizers, first-time buyers seeking a solid starter home with room to grow, or investors attracted by its above-average lot size and strong assessment in a mature area. A thoughtful perspective is that while the home itself is average-sized for the area, its standout lot and favourable assessment relative to the community could provide a more stable long-term value foundation than a home on a smaller parcel.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this property against others on the same street, in the Eric Coy neighbourhood, and across all of Winnipeg. For example, ranking in the "top 5%" for lot size in Eric Coy means 95% of homes in the community have a smaller lot than this one.
2. Is a 48-year-old home a concern?
While the home is mature, its rankings show it is newer than 73% of homes in Eric Coy, meaning the neighbourhood itself is well-established. The condition of major systems (roof, furnace, windows) and updates over the years will be more important than the build year alone.
3. The living space ranks lower than the lot size. Is the house small?
At 1,318 sqft plus a finished basement, the home offers functional space. The lower ranking here highlights that its primary advantage is the large, above-average lot, which provides valuable outdoor space and potential that a larger home on a small lot would not.
4. Why is the assessed value ranking higher than the living space ranking?
Municipal assessments consider multiple factors, including lot size, building size, and location. The high value ranking (top 22% in Winnipeg) suggests the large lot and the property’s overall attributes are significant drivers of its official value, not just the square footage of the house.
5. What is the neighbourhood (Eric Coy) like?
The data indicates Eric Coy is a mature, established neighbourhood where this property’s lot size is a rare commodity (top 5%). Buyers can expect older, character homes on generally larger lots compared to newer subdivisions, offering a sense of space and permanence.