Property Overview: 612 Dieppe Road, Winnipeg

Key Characteristics & Appeal

This is a well-established, one-and-a-half storey home in the Eric Coy neighborhood, built in 1952. Its most defining feature is the exceptionally large, mature lot of over 15,300 square feet, which places it in the top 2% of all properties in Winnipeg for land size. The home itself offers 1,042 sqft of living space with a finished basement and a detached split garage. While the house is of average size for the area and is an older build, its immense, private yard is a rare commodity that offers significant potential for gardening, recreation, or future expansion.

The appeal lies in a unique value proposition: it's a home where the land is the primary asset. It suits a specific buyer—someone who values ample outdoor space and privacy over a large or modern interior. This could be perfect for a family seeking a safe play area, a hobbyist gardener, or a buyer with long-term vision who might see the potential to build a new primary residence or an accessory building on the generous lot later. It’s a property for those who understand that land is finite and a lot of this scale in the city is an increasingly scarce find.

Frequently Asked Questions

1. What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor with principal rooms and a second floor under sloping roof lines, which may have smaller or cozier bedrooms and unique architectural character common to mid-century homes.

2. The house ranks low for "newness" but very high for lot size. What should I prioritize?
This highlights the trade-off at the heart of this property. You are investing primarily in the land—a permanent, appreciating asset—with a home that is functional but may require updates. The decision hinges on whether you value expansive outdoor potential more than a turn-key modern interior.

3. Is the finished basement included in the 1,042 sqft living area?
No, the 1,042 sqft is the above-ground living area. The finished basement provides additional usable space, which is a valuable bonus for storage, recreation, or a family room.

4. What are the implications of such a large lot?
Beyond privacy and space, consider higher maintenance (lawn care, snow clearing) and the potential for slightly higher property taxes, as the land is a major component of the $397,000 assessment value. However, it also offers unparalleled flexibility for outdoor activities or future projects.

5. The home's assessment value ranks higher in Winnipeg than in its own neighborhood. What does this indicate?
This suggests that while the home is modest relative to others in Eric Coy, the combination of its house and, more importantly, its massive lot makes it a more substantial property when compared to the entire Winnipeg market. It underscores that this lot is a standout feature even on a city-wide scale.