15 Addington Bay

Property Overview

This 1979-built, single-storey home in Eric Coy offers a practical and comfortable living space on a generous 7,020 sqft lot. Its key appeal lies in its established, quiet neighbourhood setting and its fully finished basement, which expands the usable living area beyond the 1,306 sqft main floor. The property presents a well-maintained, move-in-ready option that avoids the premium costs and uncertainties often associated with newer developments.

The home is particularly suited to first-time buyers, downsizers, or those seeking a straightforward, low-maintenance property without sacrificing outdoor space. Its one-level layout is ideal for accessibility, while the large lot provides room for gardening, play, or future additions. The strong assessment value and historical price growth indicate a stable and desirable location within Winnipeg.

Key Considerations & FAQs

1. What is the neighbourhood like? Eric Coy is a mature, family-friendly community in Winnipeg. The property's rankings show it sits on a street where homes are generally larger, newer, and of higher value than many in the wider area, suggesting a well-kept pocket within the neighbourhood.

2. How does the finished basement add value? It effectively increases the home's functional square footage for living, storage, or recreation. This is a significant advantage, offering flexibility for a home office, guest space, or entertainment area without the need for a major renovation.

3. Is the price fair based on its history? The current assessed value is notably higher than the 2020 purchase price. This suggests significant market appreciation and municipal assessment increases over four years. Buyers should investigate recent comparable sales to understand the current market valuation.

4. What does "one storey" living mean for me? The single-level layout offers ease of movement and is a long-term advantage for aging in place. However, it also means all main living areas are on one floor, which some may prefer for cohesion while others might miss the separation a second story provides.

5. Are there any obvious drawbacks? The home is older, so potential buyers should pay close attention to the condition of major systems (roof, HVAC, plumbing) common to houses of this era. While the lot size is a premium feature, it also implies a corresponding responsibility for maintenance and upkeep.