Property Summary: 732 Coventry Road, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a well-established, single-story home in the Eric Coy neighborhood, built in 1962. Its most defining feature is the exceptionally large, nearly half-acre lot (19,007 sqft), which places it in the top 2% of all properties in Winnipeg for land size. The home itself offers 1,141 sqft of living space with a finished basement and a split garage. Recent market activity is confirmed by a 2022 sale at $420,000, closely aligned with its current municipal assessment of $425,000.
The primary appeal lies in its rare combination of a massive, private yard within city limits and a solid, no-fuss bungalow layout. It’s a property with tremendous outdoor potential—ideal for gardening, recreation, or future expansion—that is increasingly hard to find. The home suits practical buyers who value space and location over turn-key modern finishes. It would be a strong fit for a growing family seeking room to play and customize over time, a multi-generational household looking for a single-level living option, or an investor/renovator who sees value in the substantial land and the home’s solid foundational stats within a mature community.
Frequently Asked Questions
1. What is the true value of such a large lot?
Beyond privacy and space, a lot of this size is a long-term asset. It offers flexibility for additions like a workshop, extensive landscaping, or even future subdivision potential, subject to city zoning approvals. It significantly boosts the property's value relative to its footprint.
2. How does the 1962 build year affect the home?
While the structure is solid, buyers should budget for updates common to homes of this era, such as windows, roofing, or mechanical systems. A thorough inspection is advised to prioritize any necessary investments.
3. What do the neighborhood rankings indicate?
The rankings show the property is very competitive for land size but average or below for home size and newer construction within its immediate area. This highlights its unique selling point (the land) while setting realistic expectations about the house itself compared to neighbors.
4. Is the finished basement included in the 1,141 sqft living area?
Typically, municipal living area (sqft) refers to above-grade space. The finished basement is an additional bonus area, adding functional room but not counted in the official square footage.
5. How does the 2022 sale price inform today’s value?
The recent sale provides a reliable benchmark, showing stable value in line with assessment. It suggests the market has previously validated this price point, offering a solid foundation for current pricing discussions.