Property Overview & Key Characteristics

This property presents a unique and substantial offering in Winnipeg's Eric Coy neighbourhood. Its primary appeal lies in the exceptional combination of a very large, half-acre lot (21,809 sqft) and a modestly sized, single-storey home (1,123 sqft). The house itself, built in 1961, features a finished basement and a detached garage. While the dwelling's size and age rank it in the middle tiers for the area, the land parcel is its standout feature, placing in the top 1% of all Winnipeg properties for lot size. This creates a compelling value proposition centered on space and potential.

The home would suit two distinct types of buyers. First, it's ideal for those seeking a private, expansive outdoor space for gardening, recreation, or future projects, who are comfortable with a home that is functional but may require updates. Second, it represents a prime candidate for a long-term value play; the significant lot size in a well-established neighbourhood offers future potential for redevelopment or expansion that far exceeds the current assessment value, appealing to strategic investors or builders.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the top 1% for lot size city-wide confirms the land is exceptionally large. Conversely, rankings for age or living area show it is average or below average in those specific metrics for the local area.

2. Is the house in good condition?
The listing confirms a finished basement but does not specify the condition or recent updates. Given the 1961 build date, prospective buyers should budget for potential updates to major systems (like roof, plumbing, or windows) and interior finishes, which is typical for a home of this vintage.

3. Why is the assessed value relatively moderate given the huge lot?
Municipal assessments often reflect the current use and state of the property. The assessment likely weighs the existing, modest home heavily. The significant premium for the land size may not be fully realized in the tax assessment, which is why the market value could be influenced by the lot's development potential.

4. What can the land be used for?
The half-acre lot offers rare flexibility. Uses could include extensive landscaping, adding outbuildings (subject to bylaws), or potentially subdividing or rebuilding in the future. Any major changes would require research into City of Winnipeg zoning regulations and permitting.

5. What are the less obvious considerations with such a large lot?
Buyers should consider the ongoing maintenance (lawn care, snow clearing) for a property of this scale, which requires more time or cost for equipment/services. Additionally, the very private, spacious setting differs from a typical suburban feel, offering more solitude but potentially less immediate neighbourly interaction.