Property Summary: 94 Blossom Bay, Winnipeg
Section 1: Overview & Appeal
This is a well-established, single-storey home in the Eric Coy neighbourhood, built in 1978. Its key characteristic is space, offering 1,525 sqft of living area on a large, 6,698 sqft lot—a combination that provides both room indoors and significant potential outdoors. The home includes a finished basement and an attached garage.
The appeal lies in its balance of size and relative value within a mature community. It ranks highly for its lot size and living area compared to most of Winnipeg, suggesting you get more physical space for your investment here than in many newer subdivisions. The 2016 sale price provides a clear benchmark for market movement. It’s a property that has appreciated, yet its assessed value remains moderate for its offerings.
This home would suit buyers looking for a solid, no-frills bungalow with room to grow, garden, or simply enjoy spaciousness. It’s ideal for those who value a large yard over a brand-new build and are comfortable with a home that has character and history. It’s less about modern luxury and more about practical, grounded living with room to personalize.
Section 2: Key Questions (FAQs)
1. What is the neighbourhood like?
Eric Coy is a mature, established neighbourhood in Winnipeg. The property rankings show it is in the middle-to-upper range for lot and home size within the community itself, suggesting a mix of property types. Its high city-wide rankings for size indicate it's a notably spacious property even by Winnipeg standards.
2. How does the assessed value relate to the asking price?
The current assessed value is $430,000. It's important to note this is for municipal tax purposes and is not a direct indicator of market value. The 2016 sale was $346,000, providing a reference point for historical price growth. A buyer should consider current market conditions and comparable recent sales for pricing.
3. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg for specific metrics. For example, its lot size is in the top 20% city-wide, meaning it's larger than 80% of Winnipeg lots. Conversely, its assessment value is in the top 97% on its street (i.e., one of the lowest), which may reflect its older construction year among varied homes.
4. Is the basement included in the living area?
No, the listed living area of 1,525 sqft typically refers to above-ground, finished space. The presence of a finished basement is noted separately and adds additional usable space to the home's total functional area.
5. What are the less obvious considerations?
A 1978 home will likely have original or older major systems (roof, windows, furnace) that should be carefully inspected. The very large lot is a major asset but also implies higher maintenance or landscaping effort and cost. The high city-wide rankings for space suggest this property offers a rarity—ample room—that may be harder to find in newer areas, which could be a long-term advantage.