Property Overview & Appeal

This 1972-built, one-storey home in Eric Coy offers a practical layout with 1,111 sqft of living space on a generous 6,301 sqft lot. Its key features include a fully finished basement and an attached garage. The appeal lies in its established neighborhood setting and its solid value proposition. The home ranks notably well for its lot size within Winnipeg (top 25%) and shows above-average rankings for its age and assessed value in the broader market, suggesting a well-maintained property relative to many peers. It would suit first-time buyers or downsizers looking for a manageable, single-level layout with room to grow, or investors attracted to a property with strong fundamental value in a stable community.

Key Considerations & FAQs

1. What is the true condition of the home given its age? Built in 1972, the home is over 50 years old. While its rankings suggest it is in better condition than many homes of similar age, prospective buyers should prioritize a thorough inspection, paying close attention to the roof, foundation, and major mechanical systems like plumbing and electrical, which may be due for updates or replacement.

2. How does the finished basement add value? The finished basement significantly increases the usable living space, which is a major asset for a 1,111 sqft main floor. It’s ideal for a family room, home office, or extra bedrooms, effectively expanding the home's functionality without increasing its footprint.

3. The lot is large, but what does that mean for me? A lot size over 6,000 sqft is a standout feature, offering ample outdoor space for gardening, recreation, or future additions like a deck or shed. It also provides a greater sense of privacy than newer, more densely packed subdivisions. Be mindful that maintenance (lawn care, snow clearing) will require more time or expense.

4. The community rankings seem low. Is this a concern? The home ranks in the top 94% for lot size but lower for other metrics within Eric Coy. This indicates the neighborhood may have a wide variety of home sizes and values. It’s important to view the property in person and research area amenities to see if the specific street and immediate surroundings meet your personal standards.

5. How should I interpret the assessment value? The municipal assessment of $377,000 is for tax purposes and is typically below market value. Its ranking (top 41% in Winnipeg) is a useful benchmark showing it’s valued higher than many city homes, but the final sale price will be determined by current market conditions, the home’s updated condition, and buyer demand.