Property Overview
This unique property at 736 Coventry Road presents a compelling mix of established character and rare potential. Its primary appeal lies in its exceptionally large, half-acre lot in the Eric Coy neighborhood, a feature that is increasingly uncommon in the city. The house itself is a 1,580 sqft, one-and-a-half storey home built in 1946, featuring a finished basement. While the home offers comfortable living space, the standout characteristic is the land itself, offering immense privacy and room for expansion, gardening, or recreation. The property rankings highlight this contrast: it sits in the top 1% of Winnipeg for lot size but is an older home, placing it in the top 79% for age.
This home would best suit a buyer who values outdoor space and long-term potential over immediate modern finishes. It’s ideal for someone with a vision—perhaps a family seeking room for children and pets to play, a hobbyist gardener, or a buyer planning a future renovation or addition who secures the crucial land base first. It’s less suited for those seeking a move-in-ready, low-maintenance property, as a home of this age will likely require ongoing updates and care.
Frequently Asked Questions
1. What does the "Two/One Storey" building type mean?
This typically describes a one-and-a-half storey home, often featuring a main floor with living areas and a second floor with sloped ceilings, commonly found in post-war Cape Cod or similar style houses.
2. The lot is huge, but are there any restrictions on what I can build?
While the lot size offers great potential, any new structures, significant renovations, or additions would require checking with the city’s zoning bylaws for permits, setback requirements, and heritage considerations, given the home's age.
3. Why is the assessed value ranking lower than the lot size ranking?
The municipal assessment considers both the land and the building. The high ranking for lot size reflects the land's premium value. The lower overall assessment ranking suggests the assessed value of the 80-year-old house itself moderates the total, which may not fully reflect the market premium for such a large parcel.
4. Is the finished basement a legal secondary suite?
The description states the basement is finished but does not indicate it is a separate, legal suite. A buyer should verify its current configuration and what would be required to legalize it as a rental unit if desired.
5. What are the less obvious costs or considerations with a property like this?
Beyond typical maintenance, consider the utility and upkeep costs for a large lot (e.g., landscaping, snow clearing) and the potential for higher heating costs due to the home's age and construction. The immense privacy offered by the lot also means you are responsible for maintaining its boundaries and greenery.