Property Overview: 564 Coventry Road, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home on an exceptionally large, mature lot in the Eric Coy neighborhood. Built in 1966, the 1,000 sqft house features a finished basement and a detached garage. Its primary appeal lies not in the size of the home, but in the rare scale of its property—over 17,600 sqft of land, which places it in the top 2% of all lots in Winnipeg for size. This creates a unique canvas for privacy, gardening, or future expansion.
The home suits two main types of buyers. First, it’s ideal for those seeking a long-term family home with unparalleled outdoor space in a settled community, who are comfortable with a property of this age and see potential in its existing footprint. Second, it appeals to value-conscious buyers or investors who recognize the fundamental worth and future potential represented by such a large parcel of land within the city, viewing the existing house as a solid starting point.
A less obvious perspective is the balance it strikes: while the house itself is modest in size and ranking within its immediate area, the lot offers a level of privacy and possibility that is increasingly rare and cannot be replicated in newer subdivisions. It represents a classic trade-off—choosing land over square footage—which can be a wise long-term investment in a growing city.
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 2%" for lot size city-wide highlights its most exceptional feature, while the interior space rankings confirm the home itself is cozy relative to its surroundings.
2. Is a 60-year-old home a concern?
While the age implies systems (like plumbing or electrical) may need updating or have been updated over time, it also often means proven construction on a mature lot. A thorough inspection is essential to understand the condition and any modernization already completed.
3. What can you do with such a large lot?
The possibilities are a major draw. Beyond extensive gardening and private outdoor living, the lot size could accommodate additions like a large workshop, a bigger garage, or even a potential future subdivision, subject to city zoning and bylaws.
4. Who is the typical buyer in this area?
Eric Coy attracts a mix of long-term residents and growing families looking for established neighborhoods with larger lot sizes, good schools, and convenient access to amenities without the premium of newer, high-density areas.
5. How does the assessed value relate to the likely selling price?
The city's assessment ($387,000) is for tax purposes and is based on mass appraisal techniques. The market price is determined by current buyer demand, recent sales of comparable properties, and the unique value buyers place on this home's extraordinary lot.