86 Blossom Bay

Property Overview

This 1978-built, two-storey home on a large 6,039 sqft lot in Eric Coy offers a distinct blend of space, established character, and relative value. Its key appeal lies in its generous proportions—the 1,887 sqft living area is larger than most homes in Winnipeg—paired with a finished basement, providing ample room for a growing family or those who value separate living and recreational spaces. The lot size is also a significant asset, offering potential for gardening, play, or future expansion.

Its suitability is for the practical buyer who prioritizes interior space and land over turn-key modern finishes. It would suit a family looking for an established neighbourhood home where they can put down roots and potentially personalize it over time, or a value-conscious buyer seeking more square footage for their budget compared to newer builds. A thoughtful perspective is that while the home ranks highly for size, its age and rankings for assessed value suggest it may be an opportunity for someone willing to invest in updates, effectively buying the space and location with a vision to increase its value through renovation.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others in its immediate street, wider community, and all of Winnipeg. For example, being larger than 88% of Winnipeg homes highlights its above-average living space, while being newer than only 61% of city homes confirms its status as an established property.

2. Is the lack of a garage a major drawback?
For some buyers, yes. It means factoring in the cost of building a garage, using on-street parking, or adapting to alternative storage solutions. However, the large lot provides the space to add one, which could be seen as a future project to tailor to your needs.

3. The home is almost 50 years old. What should I consider?
While systems like the roof, windows, and furnace may have been updated, their age and condition should be a key focus of a home inspection. The potential for needing updates is balanced by the character and build quality often found in homes of this era.

4. How does the finished basement affect the living space?
It adds functional, year-round space beyond the main living area, ideal for a family room, home office, or guest area. It’s important to verify the quality of the finish, ensure proper moisture control, and check for necessary permits.

5. Why is the assessed value ranking lower than the size ranking?
This is common for older, well-sized homes. It often reflects that the official assessment hasn’t fully captured recent market increases or that the home’s value is moderated by its age and potential need for updates compared to newer, smaller homes at similar price points.