Property Overview & Key Characteristics

This 1978-built bungalow in Eric Coy offers a practical, single-level layout with 1,248 sqft of living space on a generous 6,081 sqft lot. Its key features include a fully finished basement and an attached garage. The home’s appeal lies in its established, quiet neighbourhood setting and its manageable scale, which is well-suited for downsizers, first-time buyers, or those seeking a low-maintenance lifestyle without sacrificing yard space. While its interior square footage is modest for the area, the large lot presents a clear value-add opportunity for future expansion or landscaping projects, a perspective often overlooked in favour of the house itself. It would particularly suit a buyer who prioritizes lot size over interior size and is comfortable with a home that offers solid fundamentals rather than modern finishes.

Frequently Asked Questions

1. How does this home rank compared to others in the area?
The data shows a mixed picture. It ranks highly for its lot size and newer age relative to many Winnipeg homes, but its living area is smaller than most in its immediate street and community. This indicates you're buying into a good location and lot, with a house that may have room to grow in value through updates or additions.

2. What does the assessment value tell me about the price?
The municipal assessment of $453,000 provides a baseline for property taxes and is typically below market value. That it surpasses 75% of Winnipeg homes in assessed value suggests the property is in a generally desirable valuation bracket, but the final sale price will be determined by current market conditions.

3. Is the finished basement included in the listed living area?
No, the 1,248 sqft refers to the above-ground living area. The fully finished basement provides additional, valuable space that is not counted in that official square footage, effectively increasing the usable area of the home.

4. What are the implications of the home's age?
Built in 1978, the home is nearing 50 years old. This means major systems (like roof, windows, plumbing) may be at or beyond their typical lifespan, so a thorough inspection is crucial. On the positive side, homes from this era often feature larger lot sizes and more straightforward construction than newer builds.

5. Who would this property not suit?
It may not be the best fit for buyers who prioritize move-in-ready, modern interiors or who need substantial interior space right away. The rankings indicate the floor plan is compact relative to the neighbourhood, so growing families requiring multiple large bedrooms or open-concept living might find it limiting without planning for renovations.