Property Overview: 54 Blossom Bay, Eric Coy, Winnipeg

Key Characteristics, Appeal & Target Buyer

This 1978-built, three-level split home sits on a generous 6,088 sqft lot in Winnipeg's Eric Coy neighbourhood. Its key characteristics include a fully finished basement, an attached garage, and 1,136 sqft of living space. The home's primary appeal lies in its established setting and relative value. The lot size is a significant asset, ranking larger than 68% of homes on its own street and offering ample outdoor space—a feature that can be harder to find in newer subdivisions. While the interior living area is modest, the finished basement provides valuable additional flexible space.

Its appeal is grounded in practicality rather than luxury. It would suit a first-time buyer, a downsizer, or an investor looking for a solid entry into the market with room to grow. The buyer best suited for this property values a large yard over a brand-new home, is comfortable with the maintenance considerations of a nearly 50-year-old house, and sees potential in a well-located property where the land itself is a key component of the value. A thoughtful perspective is that while its rankings within the immediate community are mixed, it performs notably better in broader Winnipeg comparisons for lot size and assessed value, suggesting it may be an under-the-radar opportunity in its specific area.

Frequently Asked Questions

1. What does the "ranking" data actually tell me?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg for specific metrics like lot size and age. For example, ranking in the "top 29%" for lot size city-wide means 71% of Winnipeg properties have a smaller lot, highlighting this home's standout feature.

2. The community rankings seem low. Is this a concerning area?
Not necessarily. The low community rankings (e.g., top 96% for lot size) primarily indicate that Eric Coy contains many very large lots. This doesn't reflect on the area's desirability itself, but shows that within its own competitive neighbourhood, this lot is more typical. Its stronger city-wide rankings provide a different, more favourable perspective.

3. The living space is ranked low. Is the house too small?
At 1,136 sqft, the above-ground living area is compact. However, the fully finished basement effectively adds to the usable space. This layout suits those who prioritize a large yard over a large interior footprint or who are comfortable utilizing multi-level living areas.

4. How should I interpret the assessed value?
The municipal assessment of $443,000 is for tax purposes and is a historical snapshot (typically 1-2 years old). It is a useful benchmark, showing the home is valued in the top 27% city-wide, but the final market price will be determined by current conditions, buyer demand, and the home's specific state.

5. What are the main considerations for a home built in 1978?
Prospective buyers should budget for potential updates to major systems (like roofing, windows, or the furnace) that may be nearing the end of their service life. A thorough home inspection is essential. On the positive side, homes of this era often feature solid construction and mature landscaping not found in newer builds.