Property Overview & Key Characteristics
This property is a spacious, single-story home situated on a large, nearly half-acre lot in Winnipeg's Eric Coy neighborhood. Built in 1987, its primary appeal lies in the exceptional combination of generous indoor and outdoor space. With over 2,100 sqft of living area, it ranks in the top tier for size locally, while the land size of 19,810 sqft places it in the top 1% for lot size across Winnipeg. This offers rare potential for privacy, gardening, expansion, or recreation. The home presents a practical, grounded opportunity: it's not the newest on the street, but its size metrics are consistently strong, offering more house and land for the value compared to most of the market. It would perfectly suit buyers prioritizing space over turn-key modernity—growing families, multi-generational households, or those seeking a blank canvas for renovation or outdoor projects. Its high city-wide rankings suggest it's a standout property for the price point, likely attracting value-conscious buyers looking for a long-term home with room to grow.
Frequently Asked Questions
1. What is the true value proposition of this home?
The value is heavily weighted toward the exceptional lot size and above-average living space. You are purchasing significant land and square footage that is increasingly rare, with the understanding that a 1987-built home may require updates.
2. How does the "ranking" system work?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg for specific metrics (like lot size, age, living area). For example, being in the top 1% for lot size in Winnipeg means 99% of homes have a smaller lot, highlighting a key competitive advantage.
3. What might the high rankings for size but moderate ranking for assessed value indicate?
This can suggest the assessed value hasn't fully capitalized on the premium for the large lot and living space, or that the interior condition/finishes are typical for its age. It often points to a property where the land itself is a major asset.
4. Is the lack of a basement a drawback?
This depends on needs. The home already has substantial main-floor living space. The absence of a basement means no potential for flooding or moisture issues common in the region, but also no traditional storage or utility area. Storage solutions would need to be planned within the garage or above-ground.
5. Who would this property NOT suit as well?
It may not suit buyers seeking a modern, low-maintenance home ready for immediate move-in without any projects. Those preferring a smaller yard for minimal upkeep or a newer build with contemporary layouts and systems might find other properties a better fit.