Property Overview
This 1968-built bi-level home at 807 Coventry Road presents a unique opportunity defined by its substantial lot and established neighbourhood setting. Its primary appeal lies in the exceptional 19,808 sqft land parcel, a rare find that places it in the top 1% of properties in Winnipeg for lot size. The home itself, with 1,033 sqft of living space and a finished basement, offers functional living quarters, but the true value is in the property's expansive grounds. This combination suits buyers looking for long-term potential—whether that's for extensive gardening, private outdoor space, or future expansion—within a mature community. It’s a property that trades immediate square footage for future possibilities, ideal for a hands-on buyer who sees value in land and is comfortable with a home that has a functional, 1960s-era layout.
Key Details & FAQs
What are the key features of this property?
The defining feature is the nearly half-acre lot (19,808 sqft), offering immense outdoor space and privacy. The home is a bi-level with a finished basement and a detached garage.
How does this property compare to others in the area?
The lot size is exceptionally large, ranking in the 99th percentile city-wide. The home's assessed value is also strong, higher than 84% of Winnipeg homes. However, the living space is more modest, below average for the immediate street and community.
Is the home recently updated?
The provided details do not specify recent renovations. The home was built in 1968, and a prospective buyer should plan for a thorough inspection to understand the condition of major systems and potential update needs.
Why did it sell for $387,000 in 2019 but have a $512,000 assessment now?
The significant increase likely reflects strong market appreciation, particularly for large lots, between 2019 and the assessment date. The current assessed value is an estimate for taxation; the final sale price is determined by the market.
What type of buyer would this home suit best?
This property is ideal for buyers who prioritize land over a large house. It suits those wanting space for hobbies, gardening, or pets, and who may have a vision to renovate or expand over time. It may also appeal to an investor or builder seeing the long-term redevelopment potential of the lot.