Property Overview & Key Characteristics
This is a distinctive, one-storey home in Winnipeg's Eric Coy neighbourhood, built in 1966. Its primary appeal lies in its exceptionally large, private lot of nearly 20,000 sqft—a rare find that places it in the top 1% of properties in Winnipeg for land size. The home itself offers 1,464 sqft of living space with a finished basement and a combined attached/detached garage setup. While the house is of average size for the area, its assessed value ranks highly, suggesting the land itself is a significant driver of its worth.
The property would perfectly suit buyers who prioritize expansive outdoor space over a large interior footprint. It’s ideal for someone seeking privacy, room for gardens, recreational areas, or future expansion. The single-storey layout also makes it a strong candidate for those looking for accessibility or ease of living. It represents a solid value proposition for a buyer whose vision is more focused on the potential of the land itself, understanding that the 60-year-old home may require updates to match the premium lot it sits on.
Frequently Asked Questions
1. What does the high land ranking actually mean for me?
It means you are purchasing a property with a lot size that is increasingly rare, especially within the city. This offers greater privacy, space for additions like a workshop or large deck, and typically holds its value well due to scarcity.
2. The house was built in 1966. What should I budget for updates?
While systems like the roof, windows, and mechanicals should be professionally inspected, also consider the potential cost of modernizing the layout, insulation, and finishes to contemporary standards, as the home’s structure is now six decades old.
3. How does the "finished basement" factor into the living space?
The 1,464 sqft listed is the above-ground living area. The finished basement provides additional usable space, but it's important to clarify the ceiling height, quality of finish, and whether it includes a separate entrance or legal suite potential.
4. What are the pros and cons of a combined attached/detached garage?
This offers flexible storage and parking options—you could use one space for vehicles and the other for a workshop. However, it also means maintaining two structures, and accessing the detached garage may require going outside in winter.
5. The value ranks higher than the size or age. Why is that?
This typically indicates that the assessed value is bolstered by factors beyond the house itself—most notably, the premium, large lot. It suggests the municipal assessment sees the land as a major asset, which is a key point for future resale value.