13 Covent Road, Windsor Park
Property Overview
This 1,083 sqft single-family home, built in 1959, sits on a notably large 6,428 sqft lot in Winnipeg’s Windsor Park neighbourhood. The standout feature here is the lot size: it ranks in the top 26% on Covent Road, top 22% in the neighbourhood, and top 23% citywide. That’s a meaningful advantage for buyers who want outdoor space without leaving the established inner-ring suburbs.
The living area is essentially average—right in line with the street and neighbourhood averages of roughly 1,085–1,091 sqft, though about 20% smaller than the citywide average for comparable homes. The assessed value of $342,000 sits below the street average ($358k) and well below the city average ($390k). For a 1950s bungalow on a generous lot, this suggests the valuation is weighted more toward the structure than the land at this point.
The home’s age is consistent with the surrounding area (built 1959 vs. neighbourhood average of 1961). That means you’re looking at a post-war build with the typical considerations: likely original foundation, possible updates needed to mechanicals, and a layout common to the era.
Who it suits:
- Buyers who prioritize outdoor space—gardening, expansion potential, or simply room to breathe—over a large interior footprint.
- Renovators or DIYers comfortable with a 65-year-old home who see value in a below-average assessment on an above-average lot.
- People looking for a stable, middle-of-the-road family neighbourhood (Windsor Park) without the premium pricing of trendier areas.
Frequently Asked Questions
1. Why is the assessed value below the street average when the lot is larger?
Assessments in Winnipeg consider both land and building value. Here, the building is older (1959) and the living area is modest. A home with a similar lot but a newer or larger structure would likely assess higher. In other words, you’re paying less for the house and more for the land’s potential.
2. How does the lot size compare to other homes in Windsor Park?
Very favourably. The lot ranks in the top 22% of the neighbourhood, where the average is 6,030 sqft. Yours is 6,428 sqft. That’s roughly 400 sqft more than most nearby properties, giving you extra yard space for a garage, deck, or garden.
3. What should I look for in a home built in 1959?
Expect knob-and-tube wiring, galvanized or cast-iron plumbing, and possibly asbestos in flooring or insulation. Foundation condition is key, especially for a house this age. A sewer scope and a thorough home inspection covering the roof (likely original or second-generation) would be wise.
4. Is this a good investment for resale?
The land component is the strongest asset. In Winnipeg, larger lots in mature neighbourhoods tend to hold value and appeal to redevelopers. The house itself, if updated sensitively, could see value growth as the neighbourhood rises. But if you over-improve relative to the street, you might not recoup costs—Covent Road’s average home value is $358k, so keeping projects proportional matters.
5. How does this property compare to new builds in the city?
You’re getting roughly twice the lot size of a typical new infill or subdivision home, but about 200–300 fewer square feet of living space. The trade-off is location: Windsor Park offers established schools, tree-lined streets, and proximity to the Red River and downtown, whereas new builds often push farther out for space.