541 Dieppe Road

Property Overview & Key Characteristics

This is a spacious, well-established property in Winnipeg's Eric Coy neighbourhood. Its primary appeal lies in its generous 16,711 sqft lot, which is significantly larger than most city properties, offering exceptional outdoor space and privacy. The home itself is a 1,381 sqft, one-storey bungalow built in 1992, featuring a finished basement and an attached garage. The data indicates strong relative value: the lot size ranks in the top 2% of Winnipeg, the assessed value is in the top 14%, and the home's age is newer than about three-quarters of the city's housing stock. This combination suggests a property that is both a comfortable family home and a land-rich asset.

The home would suit buyers looking for a manageable single-level layout with immense yard potential—ideal for gardening, recreation, or future expansion. It also appeals to those who value a mature, established community while still having a home that is relatively modern in the context of the city's housing age. A less obvious perspective is that a lot of this size in the city offers a rare hedge against density, providing a sense of openness that is increasingly difficult to find.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the top 2% for lot size in Winnipeg means 98% of properties have a smaller lot, highlighting a key advantage of this home.

2. Is the finished basement included in the 1,381 sqft living area?
Typically, the listed living area refers to above-grade square footage. The finished basement is an additional space, adding functional living or storage areas not reflected in that main figure.

3. What are the potential benefits of such a large lot?
Beyond privacy and space, a large lot provides flexibility for additions like a shed, workshop, or extensive landscaping. It can also be a long-term asset, as larger parcels in mature neighbourhoods often become more scarce over time.

4. The home is 34 years old; what should I consider?
While newer than many Winnipeg homes, a 1992 build means key systems (like roof, windows, HVAC) may be approaching or have reached their typical lifespans. A thorough inspection is advised to understand their condition and plan for future updates.

5. How does the assessed value relate to the likely selling price?
The municipal assessment ($527,000) is for tax purposes and uses a mass appraisal model. It's a useful benchmark, but the market price is determined by current buyer demand, recent sales of comparable homes, and the property's specific condition.