Property Overview: 691 Coventry Road, Winnipeg
Key Characteristics & Buyer Appeal
This is a classic 1972-built, single-storey home in the Eric Coy neighbourhood, offering a practical layout with 1,311 sqft of living space. Its most significant asset is the exceptionally large, nearly 10,000 sqft lot, which provides ample outdoor space for gardening, recreation, or future expansion. The home includes a basement (unfinished, offering storage or potential) and an attached garage. While the interior reflects its era and the basement awaits customization, the property’s appeal lies in its solid foundation and the rare opportunity presented by the land itself. The rankings indicate its lot size is a standout feature, placing it in the top 7% of all Winnipeg properties for land area.
This home would suit a value-conscious buyer, such as a handy first-time purchaser or an investor, who sees potential in the generous lot and is comfortable with a home that may require updates over time. It’s also a practical choice for those seeking single-level living. A less obvious perspective is its appeal to a buyer prioritizing long-term flexibility; the large parcel in a mature neighbourhood could be a strategic hold, with the land itself representing a substantial portion of the property's future value.
Frequently Asked Questions
1. What does the "unfinished basement" entail?
It is a blank canvas with concrete floors and walls, providing ample storage or the potential to be finished into additional living space according to a new owner's needs and budget.
2. How does the large lot size benefit me practically?
Beyond simple yard space, it offers exceptional privacy, room for additions like a shed or deck, gardening potential, and a sense of openness uncommon in many newer subdivisions. It also typically means fewer neighbour proximity issues.
3. The home was built in 1972. What should I be aware of?
While systems may have been updated, a thorough inspection is recommended to assess the condition of major components like the roof, plumbing, electrical, and foundation, which are at an age where significant repairs or updates can be anticipated.
4. The assessment value is $405,000. How does that relate to the listing price?
The assessed value is for municipal tax purposes and is not a direct indicator of market value. The listing price will be set based on current market conditions, recent comparable sales, and the seller's strategy, which may be above or below the assessment.
5. What is the neighbourhood (Eric Coy) like?
As a mature neighbourhood, it typically offers established parks, schools, and tree-lined streets. Prospective buyers should visit at different times to gauge traffic, neighbour activity, and overall atmosphere to see if it aligns with their lifestyle.