8 Covent Road

8 Covent Road – Property Summary

Key Characteristics and Buyer Profile

This 1,110 sqft home in Winnipeg’s Windsor Park neighbourhood sits on a 5,357 sqft lot and was built in 1959. Its assessed value is $369,000.

What stands out here is the living space. At 1,110 sqft, it’s slightly above the street average (1,085 sqft) and ranks in the top 15% on Covent Road. This suggests the home offers more interior room than most of its immediate neighbours. The assessed value also runs a touch above street and neighbourhood medians, though it falls below the citywide average for comparable homes—meaning you’re paying a slight premium for the street, but still below what similar homes fetch across Winnipeg as a whole.

The trade-off is the lot. At 5,357 sqft, it’s notably smaller than the street average (6,282 sqft) and ranks in the bottom 20% on Covent Road. This isn’t unusual for a 1959 home in an established area—smaller lots often mean less yard maintenance, but also less privacy and outdoor space. The year built is typical for the street and neighbourhood, placing it in the middle of the pack.

Who it suits: Buyers who prioritize interior square footage and are comfortable with a compact yard. It’s a good fit for someone looking for a solid, mid-century home in a settled neighbourhood, without paying a citywide premium. Not ideal for those wanting a large garden or expansion potential on the lot.

Frequently Asked Questions

1. How does this property compare to others on Covent Road?
   It ranks in the top 15% for living area and top 26% for assessed value, but in the bottom 20% for land size. So it’s one of the bigger houses on a smaller lot.

2. Is the assessed value of $369,000 reasonable?
   It’s slightly above the street average of $358,000 and neighbourhood average of $354,200, but below the citywide average of $390,100 for comparable homes. The premium seems tied to the above-average living area.

3. What is the lot size, and is it a concern?
   The lot is 5,357 sqft—smaller than the street (6,282 sqft) and neighbourhood (6,030 sqft) averages. It could limit future additions or landscaping, but it also means less upkeep.

4. How old is the home, and what condition might it be in?
   Built in 1959, it’s typical for the area. Age alone doesn’t indicate condition, so a home inspection would be key to understanding the state of systems like plumbing, electrical, and roofing.

5. Should I expect this home to appreciate in value?
   Its assessed value is already above street and neighbourhood averages, which suggests limited short-term upside compared to nearby homes. Citywide, it sits below average, so longer-term appreciation may track with the broader Winnipeg market rather than outperforming it.