Property Summary: 111 Eastcote Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated home in River Park South stands out primarily for its generous lot size. At nearly 13,000 square feet, the property offers an exceptionally large yard for the neighborhood, ranking in the top 1% locally. This provides significant outdoor space for gardening, recreation, or future expansion, a rare find in a mature suburb.

The house itself, built in 1989, is a solid, above-average offering. Its living space is comfortably sized, and its assessed value is notably higher than averages at every level—street, neighborhood, and city-wide. This suggests the property is viewed as a premium offering within its context, likely due to the lot size and its overall presentation.

Its appeal lies in offering established community living with a standout private oasis. It would suit buyers looking for a family home in a mature area who prioritize outdoor space over a brand-new build. It’s also a fit for those who see value in a property that already holds a strong assessed value position, indicating a history of being well-maintained and in desirable condition relative to its peers.

Section 2: Frequently Asked Questions

1. How does the lot size compare to a typical new build?
This lot is significantly larger than those found in most newer suburban developments. The land area is roughly double the current neighborhood average, offering a level of privacy and space that is increasingly uncommon.

2. The assessed value seems high for the area. What does that indicate?
A high assessment relative to neighbors often reflects recent updates, premium finishes, or superior condition. It can also be heavily influenced by the exceptional lot size. It’s a strong indicator of the property’s standing but should be verified against recent comparable sales.

3. What might the large lot mean for future costs or projects?
While offering great potential, a larger lot can mean higher property taxes (as land value is a key factor) and increased maintenance costs for landscaping. It also provides more flexibility for additions like a garage, workshop, or deck, subject to local zoning.

4. The home was last sold in 2019. What can the price range tell me?
The listed sold price range (CA$450k–500k) provides a market baseline from six years ago. Comparing the current assessed value of $594k to that range can help gauge market appreciation, but the exact sale price is needed for a precise analysis.

5. The living area is noted as "around average" for the street. Is that a concern?
Not necessarily. It means the home’s interior size is consistent with the established character of the street. The property’s premium value is driven more by its elite lot size and above-average condition, rather than sheer square footage. It represents a balanced investment where the land itself holds substantial value.