Property Overview
This 1970-built bungalow at 757 Coventry Road in Winnipeg offers a unique blend of space, location, and established character. Its primary appeal lies in its exceptionally large, approximately 18,326 sqft lot, which places it in the top 2% of all properties in Winnipeg for land size. This provides immense potential for gardening, recreation, or future expansion. The home itself is a practical 1,544 sqft one-storey layout with a finished basement and an attached garage, situated in a mature neighbourhood.
The property suits buyers looking for a long-term family home with room to grow outdoors, or those who value privacy and space over a brand-new build. Its competitive assessed value suggests it is a solid, above-average offering within its market. A thoughtful perspective is that while the house is older, the vast lot represents a scarce commodity that can appreciate independently of the structure, offering a unique form of value not found in newer subdivisions.
Key Details & FAQs
Key Characteristics & Appeal
- Expansive Lot: The nearly half-acre property is its most defining feature, offering rare urban space and privacy.
- Established Bungalow: A classic, single-level living layout with a finished basement provides functional living space.
- Strong Value Position: The home ranks highly against local and city-wide benchmarks for lot size, living area, and assessed value, indicating a competitive market position.
- Ideal For: Buyers seeking a large yard for family, pets, or hobbies; those interested in the long-term potential of a large parcel of land; and value-oriented purchasers looking for a home with strong fundamental metrics in an established area.
Frequently Asked Questions
1. What does the ranking data (e.g., "top 2%") actually mean?
It means this property's lot size is larger than 98% of all residential properties in Winnipeg, providing a quantifiable sense of how rare and competitive this feature is.
2. Is an older home like this a concern?
While built in 1970, the home presents an opportunity. The focus here is on the land asset and livable space. A pre-purchase inspection is always advised to understand the condition of major systems and any needed updates, which is typical for homes of this era.
3. How can the lot size be an advantage beyond just a big yard?
Such a significant lot offers future flexibility that smaller parcels do not, whether for adding a substantial deck, a workshop, or even exploring the potential for subdivision or an addition, subject to city zoning bylaws.
4. The home ranks well for value, but what about the neighbourhood?
Ranking in the top 39% within its own community for lot size and top 26% for assessed value suggests it is a above-average property in a desirable, established neighbourhood, not just a standout on its own.
5. What's the practical benefit of a finished basement in a bungalow?
It effectively doubles the usable living space, which is crucial in a one-storey home. This space can serve as a family room, home office, or additional bedrooms, adding significant functional utility to the property's 1,544 sqft main-floor footprint.