Property Overview: 67 Addington Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-established, single-family bungalow in the Eric Coy neighbourhood, offering practical living on a generous, mature lot. Its key characteristics include a fully finished basement, an attached garage, and a functional 1,266 sqft layout spread over one main floor. Built in 1978, the home presents a solid, low-maintenance option with a recently assessed value that positions it competitively within the wider Winnipeg market.

The appeal lies in its grounded practicality and space. The large 6,421 sqft lot is a significant asset, offering ample outdoor potential for gardening, recreation, or future expansion—a feature becoming rarer in newer subdivisions. The fully finished basement effectively doubles the usable living space, providing flexibility for a growing family, a home office, or a separate recreation area. Its strong rankings for lot size and assessed value relative to most of Winnipeg suggest a property with inherent equity and desirable fundamentals.

This home would best suit first-time buyers or downsizers seeking a manageable single-level floor plan without sacrificing yard space. It’s also a pragmatic choice for value-focused buyers who prefer the character and established greenery of a mature neighbourhood over a brand-new build, and who see potential in a home that offers solid "bones" and room to personalize over time.

Section 2: Frequently Asked Questions

1. What is the neighbourhood like?
Eric Coy is a mature, established community in Winnipeg. Properties here typically feature larger lots and older trees, offering a settled, residential feel. Prospective buyers are encouraged to visit at different times of day to gauge traffic and neighbourhood activity.

2. Are there any major concerns with a home from 1978?
As with any home of this age, a thorough inspection is essential. Key focus areas should include the condition of the roof, windows, foundation, and major mechanical systems (furnace, electrical) to understand any upcoming maintenance or updates required.

3. How does the finished basement add value?
It significantly increases the home’s functional living space without increasing its property tax assessment footprint (which is based on above-grade square footage). This provides excellent utility for the cost.

4. The home ranks lower for living area within its own street. Should I be concerned?
This indicates that other homes on the street are larger in terms of above-ground space. It highlights that this property’s value proposition is different: it derives more of its appeal from its very large lot and finished basement, rather than pure main-floor square footage.

5. What does the strong assessment value ranking mean?
Ranking higher than 75% of Winnipeg homes for assessed value suggests the municipal assessment views this property favorably compared to the market overall. It can indicate good underlying value, but it is not a direct marker of market selling price, which is determined by current buyer demand.