Property Overview: 671 Coventry Road, Winnipeg
This well-established bungalow sits on an exceptionally large, half-acre lot in the Eric Coy neighborhood. Built in 1956, the home features 1,572 sqft of living space, a finished basement, and a detached garage. Its standout characteristic is the immense 22,703 sqft property, which places it in the top 1% of Winnipeg for lot size. While the home itself is of average size for the area and is older, the land itself represents a rare opportunity. The appeal lies in the potential and privacy offered by such a substantial parcel within the city—ideal for gardening, expansion, or simply enjoying expansive green space.
This property would best suit a buyer who values land over a turnkey modern home. It's a strong match for someone with a vision for renovations or additions, where the lot can be fully utilized. It also appeals to those seeking a sense of retreat and room to breathe, without leaving the city. A less obvious perspective is its suitability for multi-generational living, where the large lot could accommodate separate entrances or future secondary suites (subject to approvals). It’s not just a house; it’s a canvas with established roots.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The property’s lot is larger than 99% of all residential properties in Winnipeg, making it a truly rare find. This isn't just a big yard; it's a half-acre estate-sized parcel.
2. The house was built in 1956. What should I consider?
While the basement is finished, the home's core systems (like plumbing, electrical, and the roof) are likely original or older. A thorough inspection is essential to understand the scope of any needed updates or maintenance.
3. Is the large lot a financial benefit?
It can be, but in two ways. Firstly, it significantly boosts the property's value and desirability. Secondly, it may lead to higher property taxes compared to similar-sized homes on standard lots, as the land is a major component of the assessment.
4. What can I do with all that land?
Beyond gardening and recreation, the scale offers unique potential. You could explore adding a sizable workshop, a garage, or even subdividing the lot in the future, though any development would require city permits and adherence to zoning bylaws.
5. How does the home's condition compare to the neighborhood?
The rankings show the house itself (age, size, value) is generally average or below average for its immediate area. This indicates you are primarily investing in the land, with the existing home being a functional starting point.