Property Overview
This 1970-built, one-storey home on Coventry Road presents a unique opportunity defined by its expansive lot and solid value. Its primary appeal lies in the exceptional 15,529 sqft property, a rare find that places it in the top 2% of all Winnipeg homes for land size. The 1,200 sqft bungalow features a finished basement and a detached garage. While the home itself ranks around the middle of the pack locally for size and age, its standout characteristic is the sheer scale and potential of the land. The property last sold in early 2022 for $451,000, which is above its current assessed value of $418,000.
This home would suit a buyer looking for a long-term project or a peaceful retreat within the city. It’s ideal for someone with vision—perhaps a family wanting room for children and pets to play, a hobbyist or gardener craving space, or an investor who recognizes the inherent value and future potential of such a large parcel. It’s less suited for those seeking a modern, turn-key home without any updates.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in the Eric Coy neighbourhood, and across all of Winnipeg. For example, being in the "top 2%" for land size city-wide confirms the lot is exceptionally large. Rankings for the home's age and living area are more average locally, giving a balanced view of its standing.
2. Is the finished basement included in the 1,200 sqft living area?
Typically, the main living area listed (1,200 sqft) refers to above-ground, finished space. The finished basement is an additional area, adding functional square footage to the home's total usable space.
3. Why was the 2022 sale price higher than the current assessment?
Municipal assessments for taxation don't always reflect immediate market fluctuations. The 2022 sale price represents what a buyer was willing to pay at the peak of the recent market, while the assessment is an administrative valuation. This difference is an important point for your own valuation and offer strategy.
4. What are the implications of such a large lot?
Beyond privacy and space, a lot of this size offers significant future potential, whether for additions, landscaping, or even subdivision (subject to zoning and city approval). It also means higher property taxes relative to similarly sized homes on smaller lots, and likely more maintenance.
5. What's less obvious about a property like this?
The "one-storey" (bungalow) design on a massive lot is a specific combination. It offers main-floor living convenience and accessibility, which is a growing priority for many buyers. The large lot also provides a natural noise and privacy buffer that is hard to find, making it a quiet oasis despite its city location.