Property Summary: 663 Coventry Road, Winnipeg
Section 1: Overview & Appeal
This is a well-maintained, single-storey home built in 1958 in the Eric Coy neighbourhood. Its key characteristic is a generous 7,419 sqft lot, which is significantly larger than most properties in Winnipeg, ranking in the top 14% city-wide for land size. The home itself is modest at 908 sqft and features a finished basement.
The primary appeal lies in its land value and potential. The large, flat lot offers ample outdoor space for gardening, recreation, or future expansion (like an addition or garage), which is a rare find in the city. The recent sale in December 2024 for $395,000, above its assessed value, suggests strong buyer interest in the property's fundamentals.
This home would best suit a buyer looking for a solid starter home or downsizer who values outdoor space over interior square footage. It’s also a practical candidate for a long-term holder interested in land value appreciation or a future renovation project. The rankings indicate it’s a competitively priced property within the broader Winnipeg market, but one should be prepared for updates, as the home itself is older and ranks lower in size and age within its immediate area.
Section 2: Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this property to others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the "top 14%" for lot size in Winnipeg means 86% of homes have smaller lots. It's a quick way to see where this property's strengths (large lot) and trade-offs (older, smaller home) lie relative to the market.
2. Is the finished basement included in the 908 sqft living area?
No. The 908 sqft refers to the above-ground living space. The finished basement is additional square footage, providing extra usable rooms without increasing the official living area metric.
3. The home ranks low for size and age on its street. Is that a concern?
It highlights the character of the neighbourhood. You are buying into an established, mature street where many homes may be of a similar vintage. The low size ranking confirms this is one of the more compact homes on the block, so your value is coming from the land, not the structure's footprint.
4. There's no garage. How feasible would it be to add one?
The very large lot size makes adding a detached garage or carport a more feasible project here than on a standard lot, subject to local zoning bylaws. This is a key advantage that mitigates the lack of a garage.
5. It sold for more than its assessed value recently. What does that indicate?
It typically indicates that market demand for properties with these features—particularly a large lot in Winnipeg—is strong. Buyers are willing to pay a premium over the city's assessed value for the land potential and location.