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 over 27,000 square feet—a rare find that places it in the top 1% of properties in Winnipeg for land size. The home itself offers 1,584 sqft of living space with a finished basement and a detached garage.
The property suits buyers who prioritize space, privacy, and long-term potential over a brand-new build. It's ideal for someone seeking a quiet retreat with immense outdoor possibilities—think gardening, recreation, or future expansion—within the city. While the house is of average size for the area, its true value is in the land. It would also appeal to a value-conscious buyer who sees the opportunity in a solid, well-located property on a premier lot, understanding that updates to the 60-year-old structure can be made over time. The strong assessment value ranking suggests the property is already recognized for its underlying worth.
Frequently Asked Questions
1. What does the "ranking" information mean?
The rankings compare this property to others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the "top 1%" for land size in Winnipeg highlights just how rare and sizable this lot is.
2. The house was built in 1966. What should I consider?
While the structure is sound, a home of this age will likely need proactive maintenance and may require updates to systems like plumbing or electrical. The finished basement is a plus, but its condition and compliance with current codes should be verified.
3. Is the large lot a benefit or a burden?
It's a significant benefit for privacy and space, but it also means higher property taxes and more yard work. The lot's value offers great potential, but buyers should factor in the ongoing upkeep or the cost of hiring it out.
4. Who would this property not suit?
It may not suit buyers seeking a modern, move-in-ready home without any projects, or those who prefer a low-maintenance lifestyle with minimal outdoor upkeep. The detached garage may also be less convenient for some than an attached one.
5. How does the assessment value relate to the asking price?
The assessed value of $486,000 is a municipal valuation for tax purposes and is a strong benchmark, placing it in the top 20% in Winnipeg. However, the market price is set by the seller and can be higher or lower based on current market conditions, the property's unique lot size, and its overall condition.