Property Overview: 4090 Coy Avenue
Key Characteristics & Appeal
This is a well-established, single-storey home on an exceptionally large, mature lot in Winnipeg. Built in 1969, its primary appeal lies in its generous 10,865 sqft land parcel, which places it in the top 5% of all properties in the city for lot size. The home itself features a finished basement and a split garage. While the living space (1,096 sqft) is modest relative to the lot, it offers a solid foundation. The property’s overall assessed value ranks highly within Winnipeg, suggesting strong underlying value for the area.
Its appeal is multifaceted: it’s a prime opportunity for buyers who prioritize expansive outdoor space for gardening, recreation, or future expansion over a large interior footprint. It would suit a practical buyer looking for a home with character in a mature neighbourhood, who sees potential in the land itself. A less obvious perspective is that such a large lot in the city offers a rare sense of privacy and buffer from neighbours, a commodity that is increasingly hard to find. It’s likely best suited for downsizers seeking single-level living with ample yard space, or for value-oriented investors or families who view the land as a long-term asset.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in its neighbourhood, and across all of Winnipeg. For example, its lot size ranks in the top 5% city-wide, meaning it’s larger than 95% of other Winnipeg properties. Conversely, its living area is smaller than many, ranking in the top 58%.
2. Is the house in original condition?
Given its 1969 build date, buyers should anticipate features and systems typical of that era. A professional inspection is recommended to assess the condition of the roof, wiring, plumbing, and major appliances.
3. What are the possibilities with such a large lot?
Beyond a spacious yard, the lot size could allow for significant landscaping projects, the addition of a large shed or workshop, or even future expansion of the home (subject to local zoning and permit approvals). It’s a key feature that adds flexibility.
4. How does the finished basement add value?
It provides additional living space beyond the main floor square footage, which could be used as a family room, home office, or extra bedrooms. It increases the functional utility of the home.
5. Why is the city assessment value a useful metric?
While not a direct indicator of market selling price, the assessment shows how the city values the property for tax purposes relative to others. Its ranking in the top 37% in Winnipeg indicates it is considered a above-average asset within the municipal inventory, which can be a marker of stability.