74 Addington Bay

Property Overview

This 1978-built, one-storey home in Eric Coy offers a practical and comfortable living space on a generous 6,421 sqft lot. Its key appeal lies in its established, quiet neighbourhood setting and its move-in-ready condition, featuring a fully finished basement and an attached garage. With 1,321 sqft of living space, it provides a manageable layout ideal for downsizers, first-time buyers, or those seeking a single-level lifestyle without a large yard to maintain. The home’s competitive position is reflected in its value rankings, where it places in the top quarter of its street for lot size, age, and assessed value, suggesting a well-kept property in a desirable local context. It suits buyers looking for a low-maintenance home with space to relax, both indoors and out, in a mature community.

Frequently Asked Questions

1. What is the neighbourhood like?
Eric Coy is a mature, established neighbourhood in Winnipeg. The property's rankings indicate it is on a quiet street where this home is newer and on a larger lot than many of its immediate neighbours, offering a sense of space and privacy.

2. Is the basement a legal suite?
The listing notes a finished basement, but does not specify it as a legal secondary suite. Buyers should verify its configuration and compliance with local regulations if considering rental income potential.

3. How does the assessed value relate to the asking price?
The municipal assessment is $467,000. This is a useful benchmark, but the final sale price will be determined by the current market, condition of the home, and buyer demand. Its assessment ranks highly locally, indicating solid municipal valuation.

4. What are the advantages of a one-storey layout?
The bungalow style offers main-floor living, which is ideal for accessibility and easy movement. It often means fewer stairs to navigate daily and can be a prudent long-term choice for aging in place.

5. The home is 48 years old. What should I consider?
While the home is well-maintained, its age means crucial systems like the roof, windows, plumbing, and electrical may be at or beyond their typical lifespan. A thorough home inspection is essential to understand the condition and plan for any future updates.