Property Overview: 694 Coventry Road, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home in the Eric Coy neighbourhood, built in 1959. Its primary appeal lies in its exceptional land size—nearly 20,000 square feet—which places it in the top 1% of all properties in Winnipeg for lot dimensions. This offers rare potential for expansion, gardening, or simply enjoying extensive private outdoor space. The home itself is modest in size at 1,008 sqft and features a finished basement and a detached garage.
The property suits two main types of buyers: those who prioritize land value and future potential over a large existing footprint, and those seeking a solid, single-level living layout in a mature community. Its rankings reveal a compelling contrast: while the house is older and smaller than many in its immediate area, the lot itself is a standout asset that provides a unique long-term advantage. It’s a property where the land is the central feature, appealing to someone with a vision for the space itself or who values room to breathe more than updated interiors.
Frequently Asked Questions
1. What does the "ranking" data 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 1% for land size city-wide highlights its most exceptional feature, while other rankings give context for its age and living area relative to neighbours.
2. Is the nearly 20,000 sqft lot usable, or is it an odd shape?
While specific dimensions aren't provided, a lot of this size in a mature neighbourhood like Eric Coy is typically functional and a major asset. It's advisable to review the survey and zoning bylaws to understand buildable areas and any restrictions.
3. What is the neighbourhood like?
Eric Coy is a long-established community in Winnipeg. The high land-value ranking suggests the area is desirable for lot size, often indicative of quieter, more spacious streets compared to newer subdivisions.
4. The house is smaller and older than many nearby. What would need updating?
Built in 1959, buyers should budget for updates common to homes of that era, such as plumbing, electrical, windows, and insulation. The value proposition here is investing in the land and location, with the understanding the home may require modernization.
5. How does the assessed value relate to the likely selling price?
The municipal assessment of $404,000 is for tax purposes and is a historical snapshot. The market price is determined by current demand, especially for a unique lot like this. Properties with such standout characteristics often sell based on their potential, which can diverge from the assessed value.