Property Overview
701 Coventry Road is a classic, single-storey home built in 1956, situated on an exceptionally large, mature lot of nearly half an acre in Winnipeg's Eric Coy neighborhood. Its primary appeal lies in the rare combination of a spacious, private yard and a solid, functional living space that has been maintained over time. The home features 1,308 sqft of finished living area, including a developed basement, and is anchored by a practical attached garage.
This property is ideally suited for buyers who prioritize outdoor space and long-term potential over brand-new finishes. It's a strong match for a family seeking room for children and pets to play, for gardening enthusiasts, or for a buyer with future plans to expand or redevelop the existing home. The lot size is its most competitive asset, offering a level of privacy and possibility uncommon within the city. While the home itself is of average size and age for the area, the land represents a significant value. The high assessment value ranking suggests it is viewed as a substantial asset within the wider market.
Key Questions for Buyers
1. What does the lot size ranking actually mean?
The property's lot size ranks in the top 1% of all residential properties in Winnipeg, meaning it is larger than 99% of others. This is its most defining and valuable characteristic, offering unparalleled space for additions, landscaping, or recreational use.
2. The house was built in 1956. What should I be aware of?
While the basement is developed, a home of this age will likely have original or older core components, such as plumbing, electrical, and the roof. A thorough inspection is essential to understand the condition and to budget for any necessary updates or maintenance.
3. Who would this property not be suitable for?
It may not suit buyers seeking a modern, low-maintenance "turn-key" home or those who do not wish to utilize or manage a large yard. The appeal is directly tied to the land and the potential it holds.
4. The assessment value is high relative to the home's size and age. Why?
Municipal assessments primarily reflect market value, which for this property is heavily influenced by the land value. The premium lot size and location are the key drivers of its assessed worth, not the physical structure alone.
5. Is the neighborhood ranking strong?
Yes. The home ranks highly within its specific community (Eric Coy) for both lot size and assessed value, indicating it is considered a desirable and above-average property in its immediate area, not just for its land but for its overall market position.