62 Addington Bay

Property Summary: 62 Addington Bay, Winnipeg

Key Characteristics & Appeal

This is a well-maintained 3-level split home built in 1978, situated on a generous 6,399 sqft lot in the Eric Coy neighbourhood. Its key features include a fully finished basement and an attached garage. With 1,199 sqft of living space, it offers a practical layout for everyday living.

The appeal lies in its established, quiet setting and its strong relative value within the broader Winnipeg market. The property ranks notably high for its lot size and assessed value compared to most of the city, suggesting a desirable location and solid investment footing. It suits first-time buyers or downsizers looking for a manageable, single-family home with outdoor space in a mature neighbourhood, without the premium of a new build. A thoughtful perspective is that while the home's living area is modest relative to the lot, this presents an opportunity for future expansion or simply enjoying more private outdoor space—a growing priority for many.

Potential Buyer FAQs

1. What is the significance of the ranking data?
   The rankings show how this property compares to others in its immediate street, community, and all of Winnipeg for key metrics. For example, its lot size and assessed value rank in the top tiers city-wide, indicating strong underlying value for the price.

2. What are the pros and cons of a 3-level split design?
   This layout typically offers good separation between living and sleeping areas, providing privacy. However, it involves more stairs than a bungalow or two-storey, which is a consideration for those with mobility concerns or very young children.

3. The home was built in 1978. What should I be aware of?
   While the home has been maintained, buyers should pay special attention to the condition of major systems common to that era during an inspection, such as the roof, windows, plumbing, and electrical wiring, to understand any upcoming maintenance or upgrade needs.

4. How does the finished basement add value?
   It immediately provides additional functional space for a recreation room, home office, or guest area without the need for a renovation project, increasing the home's usable square footage.

5. Who is responsible for verifying the property lines and lot size?
   The listed lot size is based on municipal records. Before making any decisions regarding fences, sheds, or landscaping near the perimeter, a buyer should commission a survey to confirm the exact property boundaries.