Property Summary: 700 Coventry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This property is defined by its substantial, nearly half-acre lot (19,796 sqft), which is its most prominent feature, placing it in the top 1% of Winnipeg for land size. The home itself is a 1996-built, 1,233 sqft bungalow with an unfinished basement and an attached garage. Its appeal lies in a unique combination: a very modern build year for a lot of this scale, offering a blank canvas for outdoor living, gardening, or future expansion. The house ranks as newer than 94% of homes in its community, suggesting a solid foundation with modern building standards.
It perfectly suits a buyer prioritizing land over finished living space—someone who values long-term potential, privacy, and outdoor space for children, pets, or hobbies. The unfinished basement is a key opportunity, allowing for customization to add significant value. It’s a practical choice for a handy buyer or one with a phased renovation plan, where the land is the immediate asset and the home can be tailored over time. The high city-wide ranking for lot size, contrasted with more modest rankings for finished living space, highlights this trade-off clearly.
Section 2: Frequently Asked Questions
1. Is the lot size typical for the area?
No, it is exceptional. At nearly 20,000 sqft, it significantly surpasses most properties in Winnipeg, offering rare scope and privacy for the city.
2. What does the "unfinished basement" mean for potential?
It means additional square footage is available to finish, allowing you to create living space, recreational rooms, or storage tailored to your needs, which is a major value-add opportunity.
3. How does the 2016 sale price compare to the current assessment?
The 2016 sale was $320,000. The current municipal assessment is $433,000. This difference reflects market changes over eight years and the assessed value for taxation, not necessarily the current market price.
4. The home's living area ranks lower than its lot size. What does this indicate?
It indicates the property offers a "land value" proposition. You are acquiring a premium-sized lot with a modestly sized, newer bungalow on it, ideal for those who see more value in outdoor space and future potential than in immediate, expansive finished square footage.
5. Who would this property not suit?
It may not suit buyers seeking a large, immediately move-in ready home with no projects. Those prioritizing extensive finished interior space, a modernized basement, or low-maintenance landscaping might find the property requires additional investment.