Property Overview
509 Coventry Road is a well-established, single-story home in Winnipeg, built in 1970. Its key appeal lies in its generous, nearly 8,000 sqft lot, offering significant outdoor space that is increasingly rare. The home features 1,281 sqft of living space with a finished basement, providing flexible room for family living, hobbies, or potential rental income. With a recent municipal assessment of $441,000, it sits above the median value for the city, indicating its solid standing.
This property suits practical buyers looking for space over flash. It’s ideal for a growing family that values a large yard more than a brand-new build, or for an investor seeking a property with a strong land component in a mature neighbourhood. Its rankings show a house that isn't the newest or largest on the block, but one that holds its own in terms of lot size and overall value within the broader Winnipeg market. The appeal here is grounded: it's about established character, space to breathe, and a foundation with proven long-term value growth.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this home against others on its street, in its neighbourhood, and across all of Winnipeg. For example, its lot size ranks in the top 11% city-wide, meaning it's larger than 89% of Winnipeg properties. Conversely, its living area is smaller than 60% of city homes, confirming it's a modest-sized house on a very spacious lot.
2. How significant is the difference between the 2017 sale price and the current assessment?
The home sold for $335,000 in late 2017 and is now assessed at $441,000. This increase reflects broader market trends and the added value of its substantial lot. It suggests strong equity growth for the seller and sets a baseline for current market expectations.
3. Is the finished basement included in the 1,281 sqft living area?
Typically, municipal living area (sqft) refers to above-grade space. The finished basement is an additional feature, adding functional space like extra bedrooms, a rec room, or a den that isn't captured in the main square footage figure.
4. Who would this property NOT be well-suited for?
It may not suit buyers seeking a modern, open-concept layout or a low-maintenance property, as a 56-year-old home likely requires periodic updates. Those prioritizing a large interior over outdoor space might also find the living area modest for the property's overall footprint.
5. What's the practical advantage of a "split" garage?
A split garage (or divided double garage) offers more than just parking for two cars. The separation provides valuable, flexible space for a workshop, organized storage, or to safely isolate yard equipment, adding significant utility beyond vehicle storage.