58 Blossom Bay

Property Summary: 58 Blossom Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This well-maintained one-and-a-half storey home in Eric Coy offers a classic layout with a fully finished basement and an attached garage. Built in 1979, it sits on a generous 6,088 sqft lot, providing ample outdoor space that is increasingly rare in newer subdivisions. With 1,382 sqft of living space, it balances comfortable family living with manageable upkeep.

The appeal lies in its established neighborhood setting and its relative value. The home ranks highly for its newer construction age and lot size within Winnipeg, suggesting a solid, well-situated property. It particularly suits first-time buyers or downsizers looking for a single-family home with a traditional feel, a good yard, and without the premium price tag of a brand-new build. A thoughtful perspective for buyers is the potential for gradual, value-adding updates, as the core structure and land offer a strong foundation. Its rankings indicate it's a home that outperforms many in the city on key metrics like lot size and age, yet remains within a more accessible price range for the area.

Section 2: Frequently Asked Questions

1. What does the "one-and-a-half storey" design typically mean?
This style usually features a main floor with common living areas and a second floor with sloped ceilings, often housing bedrooms in a cozy, efficient layout. It's a classic Winnipeg design known for good space utilization.

2. The home sold for slightly above its current assessed value in 2021. What does that indicate?
The 2021 sale price of $452,000, close to the current assessment, suggests the market validated its value at that time. It can indicate a stable pricing history, but always consider current market conditions for today's value.

3. How should I interpret the neighborhood and street rankings?
The rankings show how this property compares to others nearby. For example, it ranks in the top 29% in Winnipeg for lot size, which is a significant advantage. However, its value ranking within its immediate community is more average, hinting that it may offer more "house and land" for your money compared to pricier areas.

4. Is a 47-year-old home a concern?
While not new, the home ranks newer than 62% of Winnipeg houses. The key focus for a home of this age is the condition of major systems (roof, windows, furnace) and the quality of maintenance, which should be verified through a professional inspection.

5. What are the advantages of a fully finished basement?
It immediately adds usable living space, which could be used as a family room, home office, or guest area. This is a valuable finished feature that not all homes in this price range offer, providing more flexibility from day one.