Property Overview: 522 Coventry Road, Winnipeg
Key Characteristics, Appeal & Target Buyer
This is a well-established, two-storey home in the Eric Coy neighbourhood, built in 1972 and situated on a large, approximately 8,573 sqft lot. Its key strength lies in its generous proportions, offering over 2,000 sqft of finished living space, including a developed basement. The home’s standout feature is its significant size relative to the area, ranking in the top 14% on its street and top 11% in the community for living space. This provides ample room for a growing family or those who value spacious interiors.
The appeal is grounded in its established community setting and a lot size that offers potential for outdoor enjoyment or future landscaping projects. While it is a 54-year-old property, its assessment value ranks above the majority of homes in Winnipeg, suggesting it is a substantial asset in its market segment. It would suit a practical buyer looking for a spacious, grounded family home in a mature neighbourhood, who appreciates room to grow and is comfortable with the character and maintenance considerations of a classic two-storey. A less obvious perspective is its potential for a buyer who values data-driven decisions; the home consistently ranks highly in key metrics (size, lot, value) against local and city-wide comparables, indicating a property that outperforms its immediate peers in fundamental ways.
Frequently Asked Questions
1. What is the significance of the property rankings provided?
The rankings show how this home compares to others on its street, in Eric Coy, and across all of Winnipeg for specific traits. For example, ranking in the top 9% in Winnipeg for lot size means it sits on a larger parcel than 91% of properties in the city, a notable advantage.
2. Is the basement included in the 2,062 sqft living area?
Typically, "living area" refers to above-grade square footage. The listing separately notes a finished basement, meaning the total usable space is greater than the reported 2,062 sqft.
3. What should I consider about a home built in 1972?
While offering solid construction and spacious layouts, homes from this era may have original components—like roofing, windows, or major systems—nearing the end of their service life. A thorough inspection is advised to understand the condition and plan for any updates.
4. The home ranks lower for its "newness." Is this a concern?
This ranking reflects its 1972 build date compared to newer homes. It doesn't speak to condition or updates. For many buyers, this is balanced by the home's top-tier rankings for space and lot size, which are often more costly to change than updating interiors.
5. How does the assessed value relate to the likely selling price?
The assessed value ($481,000) is for municipal tax purposes and is a data point. The market price is determined by current buyer demand, recent sales of similar homes, and the property's specific condition. The assessment does indicate the home is viewed as a higher-value property within its wider market.