Property Overview & Key Characteristics
This is a unique property defined by its substantial, mature lot and its position as a classic, original home. Its primary appeal lies in the exceptional 24,353 sqft lot, which places it in the top 1% of all properties in Winnipeg for land size. This offers immense potential for gardening, recreation, or future expansion. The home itself is a 1930s-era, 844 sqft one-storey with an unfinished basement and a detached garage, presenting a straightforward, functional layout.
The property would best suit a specific type of buyer: those seeking a blank canvas or a long-term property play. It’s ideal for a hands-on buyer looking to customize or gradually renovate a character home to their own taste, or for an investor/developer who values the land’s rare dimensions and potential. Its charm is not in modern finishes, but in the opportunity it represents—the chance to shape a home on a piece of land that is increasingly rare within the city. A less obvious perspective is its appeal to multi-generational families; the vast lot provides ample space for adding a secondary suite or separate living structure in the future, subject to zoning.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the top 1% for land size city-wide highlights its most exceptional feature, while rankings for age and living area confirm it is a smaller, older home on a premier lot.
2. Is the house in livable condition?
The listing notes an unfinished basement and does not mention recent renovations, indicating the home is likely in original or needing-update condition. A thorough inspection is essential to understand the state of major systems (roof, wiring, plumbing) given its age.
3. What can be done with such a large lot?
Beyond a large garden or private yard, the lot size opens possibilities like adding a substantial garage/workshop, creating landscape features, or potentially subdividing or adding a secondary dwelling, all subject to City of Winnipeg zoning and bylaws.
4. Why is the assessed value relatively moderate given the lot size?
Municipal assessments typically reflect the current state and size of the existing home as well as the land. The modest living area and age of the dwelling keep the assessed value lower, which is why the market value is often driven by the land's potential rather than the current structure.
5. What are the main considerations for a buyer here?
Buyers should budget for potential updates or repairs to a 96-year-old home and consider how they intend to utilize the land. The value proposition is fundamentally the land; the house represents either a comfortable project or a future candidate for significant renovation or replacement.