Property Overview & Appeal
This home presents a unique blend of historic character and rare urban space. Its key characteristic is the exceptionally large, half-acre lot (21,302 sqft), a rarity within Winnipeg that places it in the top 1% of properties for land size. The house itself is a 1.5-storey character home built in 1927, offering 1,494 sqft of living space with a finished basement. Its appeal lies in the tremendous potential of its expansive grounds—ideal for gardening, recreation, or future expansion—coupled with the established, quiet feel of the Eric Coy neighborhood. It suits buyers looking for a project-oriented home with a classic foundation, where the land is the primary asset. This would be a compelling choice for someone valuing outdoor privacy and space over modern finishes, or for a household envisioning a custom workshop, extensive gardens, or even a future build, given the lot's capacity.
Frequently Asked Questions
1. What does "ONE & 1/2 STOREY" mean for the layout?
Typically, this style features main living areas on the ground floor with bedrooms or additional space tucked under sloping rooflines on the upper level, creating cozy, character-filled rooms that may have unique angles.
2. The house ranks very low for its age in the area. Should I be concerned?
While the 1927 build date means it's among the older homes locally, this ranking highlights its authentic character. It necessitates a thorough inspection to understand the condition of vintage systems (like wiring or plumbing) and the scope of any updates needed, which is a key consideration for the price.
3. How can the lot be so large in the city?
This is a legacy lot from an earlier period of Winnipeg's development. Such large parcels are now uncommon, making this property stand out for its green space and possibilities rather than just the house itself.
4. There's no garage. Can one be built?
Given the vast lot size, adding a garage or substantial outbuilding is likely feasible, but would require checking specific zoning bylaws, setback rules, and obtaining the necessary permits from the city.
5. The assessment value is lower than many might expect for such a large lot. Why?
Municipal assessments often weigh the building's value and age heavily. The lower assessment primarily reflects the older home, not the premium market value of the scarce, large land parcel. The market price will factor in the land's development potential and rarity.