577 Dieppe Road

Property Summary: 577 Dieppe Road, Winnipeg

Key Characteristics & Appeal

This is a well-established, single-storey home in the Eric Coy neighbourhood, built in 1972 on a generously sized lot of over 6,800 square feet. The property features a finished basement and a split garage. Its key appeal lies in its balance of space and location. The lot size is a significant asset, offering ample outdoor potential in a mature community. While the living area is a modest 1,077 sqft, the finished basement provides additional flexible space.

The home’s value proposition is grounded in its strong overall ranking within Winnipeg, outperforming 82% of the city's properties on lot size. It suits practical buyers looking for a solid entry point into homeownership with room to grow, or those seeking a manageable, single-level layout on a larger-than-average plot. It’s a property for someone who sees potential in the land and the finished basement, and who values a home that is competitively positioned in the broader market over having the newest or largest house on the block.

Frequently Asked Questions

1. How does the home’s age impact its condition and value?
Built in 1972, the home is older but ranks as newer than over half the homes in both Winnipeg and its own community. This suggests it is in a neighbourhood of similar vintage. Buyers should budget for expected maintenance of major aging components like the roof, windows, or HVAC, but the rankings indicate it is not an outlier in terms of age for the area.

2. What does the "finished basement" entail?
The listing confirms the basement is finished but does not specify the extent, quality, or if it includes legal egress. This adds valuable living space, but buyers should verify the finish level, ceiling height, and ensure it meets their needs for recreation, guests, or storage.

3. Why is the lot size considered a key advantage?
At 6,826 sqft, the lot is notably larger than average, outperforming 82% of Winnipeg properties. This offers rare potential for gardening, expansion, outdoor living, or future additions, which is a compelling feature not easily replicated, especially in established neighbourhoods.

4. The home ranks lower in community size (20%) but high in city-wide lot size (82%). What does this mean?
This indicates the Eric Coy area may have homes with larger square footages, but this property’s lot is exceptionally large even by city standards. It highlights a trade-off: you get a very sizable yard, but the house itself may be more modest compared to some neighbours.

5. How should I interpret the assessment value of $389,000?
The assessed value is for municipal tax purposes and is a starting point for market discussion. It ranks higher than 62% of Winnipeg homes, suggesting the city sees solid underlying value. However, the final sale price will be determined by current market conditions, the home’s specific state, and buyer demand.