Property Overview: 777 Coventry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This property is a classic, well-maintained one-storey home built in 1966, situated on an exceptionally large, mature lot of over 18,300 square feet in the Eric Coy neighbourhood. Its primary appeal lies in the rare combination of generous land size and solid, functional living space. With 1,646 sqft of finished living area that includes a developed basement, the home offers practical single-level living with room to grow.
The standout feature is undoubtedly the land. The lot size ranks in the top 2% across all of Winnipeg, offering unparalleled privacy, space for gardens, recreation, or future expansion that is increasingly hard to find in the city. While the home itself is from the 1960s and may benefit from modernization, its core structure and rankings for living space are strong, outperforming the majority of local and city-wide comparables.
This home would perfectly suit a buyer who values space and privacy over a brand-new build. It’s ideal for families seeking a large backyard, hobbyists or gardeners craving room to pursue their interests, or long-term investors who recognize the inherent and lasting value of such a sizable urban lot. It’s a property with a fantastic foundation where the land itself is a significant and appreciating asset.
Section 2: Frequently Asked Questions
1. What is the true value of such a large lot?
Beyond privacy and space, a lot of this size (over 0.4 acres) offers flexibility that standard lots do not. It provides potential for additions like a large workshop, extensive landscaping, or even future subdivision, subject to city bylaws. It’s a long-term asset that fundamentally limits the number of comparable properties.
2. What should I expect with a 60-year-old home?
While the structure is sound and the basement is developed, prospective buyers should budget for updates to major aging components like the roof, windows, plumbing, and electrical systems. A thorough inspection is essential to prioritize these needs.
3. How does the “ranking” data work?
The rankings compare this property against others on its street, in Eric Coy, and across Winnipeg for metrics like lot size, age, and living space. For example, ranking in the “top 2%” for lot size in Winnipeg is a powerful, objective indicator of its rarity and scale.
4. Is the neighbourhood a good fit for a family?
Eric Coy is an established, mature neighbourhood. The high lot-size ranking within the community itself suggests it’s among the more spacious and private areas locally, often a draw for families. Researching local schools and amenities would provide a complete picture.
5. Why is the assessed value a key point to consider?
The municipal assessment of $464,000, which ranks in the top quarter of Winnipeg, provides a benchmark. It suggests the property is viewed as a substantial asset by the city assessor, which can be a useful data point when evaluating the asking price and potential property taxes.