Property Summary: 870 Coventry Road, Winnipeg
Key Characteristics & Appeal
This 1978-built bi-level home sits on a large, approximately 11,025 sqft lot in the Eric Coy neighbourhood. With 1,104 sqft of finished living space, including a developed basement, it offers functional family living. Its standout feature is the exceptionally large lot, which ranks in the top 5% of all properties in Winnipeg for size, providing rare potential for expansion, gardening, or outdoor recreation. The home presents as a solid, value-oriented opportunity. Its appeal lies in this land value and the chance to customize, rather than in high-end finishes or modern square footage.
The property would best suit practical buyers looking for a long-term home with space to grow, such as young families or those wanting room for projects. It’s also a compelling option for value-driven investors or renovators who see potential in the substantial lot and are comfortable with a home from the late 70s. A less obvious perspective is its strong relative value within the wider city—ranking above 78% of Winnipeg homes for assessed value—suggesting it is a competitively priced asset in its market tier, not just a simple fixer-upper.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings show how this property compares to others. For example, its lot size is in the top 5% city-wide, which is exceptional, while its living area is more average. This highlights the property’s core strength is its land.
2. Is a bi-level layout suitable for my needs?
Bi-levels feature split entryways with living areas typically up a short flight and bedrooms/rec space down another. This can offer good separation of space but may involve more stairs than a bungalow. It’s efficient but worth viewing to ensure the layout works for you.
3. What are the implications of the 1978 build year?
Homes from this era may have original components, like windows, roofing, or heating systems, nearing the end of their service life. A thorough inspection is advised to budget for potential updates, though the structure itself is well-established.
4. The lot is large, but are there any restrictions on its use?
While the lot size offers great potential, any plans for additions, sheds, or pools would require checking City of Winnipeg zoning bylaws for permits and setback requirements.
5. How does the assessed value relate to the likely selling price?
The $473,000 assessment is for municipal tax purposes. The market price is determined by buyer competition, current condition, and recent area sales. The assessment indicates a solid tax-value foundation, but the final sale price can be higher or lower.