Property Overview

This two-storey home in Winnipeg’s Eric Coy neighbourhood presents a well-established, spacious family property. Built in 1983, it sits on a large 7,250 sqft lot and offers 1,748 sqft of living space, including a finished basement. The home features an attached garage and ranks consistently above average for its size, value, and lot dimensions when compared to most homes across Winnipeg. Its appeal lies in offering substantial room and a mature setting at a value-oriented point in the market. It would particularly suit practical buyers—such as growing families or those looking to upsize from a starter home—who prioritize space and lot size over a brand-new build and appreciate a home with established character and infrastructure.

Key Details & Suitability

• Key Characteristics: A 1983 two-storey with a finished basement, attached garage, and a notably large lot. With above-average rankings for lot size, living area, and assessed value city-wide, it represents a property with solid fundamentals in a mature neighbourhood.
• Where the Appeal Lies: Beyond the obvious space, the home’s strength is its relative competitiveness in key metrics. It offers more land and living space than a significant majority of Winnipeg homes, providing a sense of value and room to grow that can be harder to find in newer subdivisions. The finished basement adds immediate functional space.
• Ideal Buyer Profile: This home is a strong match for value-conscious families or upsizers seeking a long-term home. It suits buyers comfortable with the maintenance and potential update projects of a 40-year-old home in exchange for a larger, established property. It’s less suited for those seeking a modern, turn-key property or a minimal-maintenance lifestyle.

Frequently Asked Questions

1. What is the neighbourhood like?
Eric Coy is a mature, established neighbourhood in Winnipeg. Properties typically feature larger lots and older trees, offering a settled, community feel. Prospective buyers should explore the area personally to gauge its fit for their lifestyle.

2. What should I know about a home from 1983?
While the home has proven, durable construction, a pre-purchase inspection is essential. This will clarify the condition and age of major systems like the roof, windows, furnace, and plumbing, which may be nearing or past their typical lifespans and should be budgeted for.

3. How does the assessed value relate to the listing price?
The city’s assessed value of $515,000 is for tax purposes and is based on past market data. It can be a useful benchmark, but the final sale price is determined by current market conditions, the home’s specific state, and buyer competition.

4. What are the advantages of such a large lot?
The 7,250 sqft lot provides ample private outdoor space for play, gardening, or entertaining. It also offers potential for future expansions like a deck, shed, or even an addition, subject to local zoning bylaws.

5. The home ranks highly for size but lower for age on its street. What does this mean?
This indicates that while the home is older than many on its specific street, it compensates by offering more living space and a larger lot than most. It suggests a street with a mix of original and newer homes, where this property stands out for its generous footprint rather than its modernity.