Property Overview

This two-storey home in Eric Coy offers a compelling mix of space, established character, and a prime location. Built in 1968, its key appeal lies in its exceptionally large, approximately 19,000 sqft lot—a rarity that places it in the top 2% of all properties in Winnipeg for land size. The 2,016 sqft of living space is also well above average for the area, complemented by a finished basement and an attached garage. The home’s value is underscored by its assessment, which ranks in the top 9% city-wide.

Its appeal is multifaceted: it suits buyers looking for generous outdoor space for gardening, recreation, or future expansion in a mature neighbourhood. It would also resonate with those seeking a home with above-average interior space that has proven, long-term value growth, as indicated by its positive ranking trajectory since its 2019 sale. This property is ideally suited for a growing family, an entertainer who values a large yard, or a value-conscious buyer prioritizing land as a long-term asset over a brand-new build.

Key Questions for Prospective Buyers

1. How does the age of the home (built in 1968) factor into its value?
While the home is not new, its age is typical for the established Eric Coy neighbourhood. The rankings show it is newer than over two-thirds of homes on its own street, suggesting it is among the more recent builds in the area. The focus here is on the proven appreciation of the land and the generous living space, with the understanding that some maintenance or updates may be part of homeownership.

2. What do the rankings actually mean for livability and investment?
The consistent top-tier rankings—especially for lot size, living area, and assessed value—indicate this is a standout property not just on its block, but across the entire city. This suggests strong intrinsic value and a competitive edge should you ever decide to sell, as these are permanent, highly desirable features.

3. Is the large lot a benefit or a burden?
This is a matter of perspective. For many, it's a major asset offering privacy, space for activities, and potential for additions like a shed, patio, or pool. However, it also means more yard maintenance. The key is seeing it as a scarce commodity; lots of this size are increasingly uncommon within the city.

4. The 2019 sale price was $515,000, but the current assessed value is higher. What does this indicate?
The increase in assessed value since 2019 aligns with broader market trends and suggests the property has appreciated. More importantly, its assessment now ranks higher than its 2019 sale price did at the time (top 9% now vs. top 16% then), indicating its value growth has outpaced many other homes in Winnipeg.

5. Who might this property not be ideal for?
It may not suit those seeking a modern, low-maintenance "turn-key" home without any projects, or buyers who prefer a compact, minimalist yard. The appeal is rooted in the potential and space of an established property, which comes with the character and considerations typical of a home of this vintage.