Property Overview
570 Coventry Road is a classic two-storey home in Winnipeg's Eric Coy neighbourhood, built in 1960. Its primary appeal lies in its exceptionally large, half-acre lot (21,910 sqft), which places it in the top 1% of properties in Winnipeg for land size. The 1,820 sqft home features a finished basement and a split garage. While the house itself is comfortably sized and ranks well above average for living space in the area, the property's standout characteristic is the significant potential offered by its expansive grounds, whether for privacy, gardening, recreation, or future expansion.
This home is ideally suited for buyers who prioritize land over a brand-new build. It appeals to those looking for a established property in a mature neighbourhood with room to grow, entertain, or simply enjoy ample outdoor space. It would also suit value-conscious buyers who see potential in updating a solid older home to modern tastes, given that the structure itself is well-situated on a highly desirable lot.
Frequently Asked Questions
1. How does the age of the home (1960) impact its value and appeal?
While the building is older, ranking in the newer half for Winnipeg overall, its value is significantly bolstered by the irreplaceable lot size. Buyers should budget for updates consistent with a home of this era but can take confidence in the enduring value of the land itself.
2. What does the "finished basement" entail?
The listing confirms a finished basement, which adds flexible living space. Prospective buyers should inquire during a viewing about the finish quality, ceiling height, and whether it includes a separate entrance or additional bedrooms.
3. The lot is huge. Are there any restrictions on how it can be used?
This is a key question. While the space allows for gardens, play areas, or a pool, buyers should verify zoning bylaws with the city regarding the potential for adding structures like a large shed, garage, or even a future addition to the house itself.
4. How do the ranking percentages work?
The rankings compare this property to others on its street, in Eric Coy, and across all of Winnipeg. For example, its land size beats 99% of Winnipeg properties, indicating a rare offering. Its assessed value ranking higher than its age ranking suggests the lot and improvements are valued favorably by the assessor.
5. What is the neighbourhood (Eric Coy) like?
As a mature Winnipeg neighbourhood, Eric Coy typically offers established amenities, schools, and tree-lined streets. The high lot-size ranking within the community itself suggests this is one of the larger, more private properties in the area, appealing for its quiet, spacious setting.