Property Overview: 533 Dieppe Road

This 1972-built, one-storey home in Winnipeg's Eric Coy neighbourhood sits on a spacious, approximately 6,000 sqft lot. With 1,158 sqft of living space and a finished basement, it offers a practical layout. The property lacks a garage or pool. Its key appeal lies in its above-average lot size for the area and the value presented by a move-in ready, single-level home with a developed basement. Current assessment value is $360,000.

The home suits first-time buyers or downsizers seeking a manageable, no-stairs layout with room to grow or garden outdoors. It also appeals to value-oriented buyers who prioritize land size over a newer build, and who see potential in a solid, well-located property that ranks moderately against city-wide benchmarks for size and value, but has room for personal updates.

Frequently Asked Questions

1. What is the neighbourhood like?
Eric Coy is a mature, established community. The property's rankings indicate that, within this specific neighbourhood, the lot size is larger than most, but the home itself is older and more modestly assessed than the vast majority of surrounding properties.

2. Is there potential to add a garage later?
The substantial lot size (5,999 sqft) is a significant asset and does provide the physical space to consider adding a detached garage or carport, subject to City of Winnipeg zoning and bylaws.

3. How does the "ranking" system work?
The percentages show how this property compares to others. For example, it surpasses 68% of all Winnipeg homes in lot size, indicating a spacious yard. Conversely, its assessed value is higher than only 54% of city homes, suggesting it may be priced below many area averages.

4. What does the age of the home mean for a buyer?
Built in 1972, major components like the roof, windows, and mechanical systems (furnace, electrical) are likely at or beyond their typical service life. A thorough inspection is crucial, but this era of home often features straightforward construction and roomy floor plans.

5. Why is there no garage in this climate?
This is common for many Winnipeg homes of this vintage. Buyers should factor in the cost and logistics of winter parking, plugging in a vehicle, and clearing snow, or consider the investment required to add sheltered parking.