Property Overview & Key Characteristics
This two-storey home in Eric Coy is defined by its generous, mature lot of nearly 11,000 sqft—a standout feature that offers significant space and privacy in a city setting. Built in 1983, the 1,440 sqft house presents a practical layout with a finished basement and an attached garage. Its appeal lies in the balance of established neighborhood character and the tangible potential offered by the large property. The home’s rankings reveal a compelling profile: while its living space is competitively sized, it truly excels in its lot size, ranking in the top 5% across Winnipeg, and holds a strong assessed value ranking in the top 21% city-wide.
This property would suit a buyer who values outdoor space over a brand-new build—someone looking for a canvas for gardening, play, or future expansion. It’s also a match for practical-minded purchasers who appreciate a home that has maintained solid market value relative to its community and the wider city. The combination suggests a home that is well-placed within its area, offering a foundation for both immediate living and long-term investment.
Frequently Asked Questions
Q: How does the age of the home (built 1983) factor into its value?
A: The 43-year-old home is newer than about 65% of Winnipeg houses, placing it in a comfortable middle ground. It avoids the maintenance concerns of much older properties while likely having established landscaping and settled infrastructure. Major components like the roof, windows, or HVAC may be due for review or updates, which is typical for this age.
Q: The lot is large, but what does that mean practically?
A: Beyond simple space, a lot of this size (top 5% in Winnipeg) offers rare potential for additions like a large shed, a garden, or a deck. It provides a buffer from neighbors and room for children or pets to play. However, it also means more yard maintenance compared to a standard city lot.
Q: The rankings show it's in the top 5% for lot size but only the top 53% within its own neighborhood. What does that indicate?
A: This highlights that Eric Coy is a neighborhood characterized by larger lots. So while this property's lot is exceptional city-wide, it is more typical for the immediate area. This suggests a consistent, spacious community character, which can be a stabilizing factor for value.
Q: Is the finished basement included in the 1,440 sqft living area?
A: Typically, the listed "living area" (1,440 sqft) refers to above-grade, heated space. The finished basement would be additional square footage, adding functional living or storage space not reflected in that primary figure.
Q: The assessed value is $476,000. How should a buyer interpret this?
A: The assessed value is for municipal tax purposes and is a useful benchmark, showing it ranks higher than 79% of Winnipeg homes. However, the market sale price can be higher or lower based on condition, updates, and current market dynamics. It’s a strong starting point for understanding its municipal valuation relative to others.