Property Summary: 617 Coventry Road, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-story home on an exceptionally large, private lot in the Eric Coy neighborhood. Built in 1970, the 1,097 sqft house features a finished basement and sits on a generous 17,425 sqft property, which is its most defining and rare asset. The data indicates its true appeal lies in the land: the lot size ranks in the top 2% of all properties in Winnipeg, offering immense space and potential in a city where such large parcels are uncommon. While the house itself is modest in size and of average condition for its age, it provides solid, livable space.
The property suits two primary types of buyers. First, it’s ideal for those seeking long-term privacy, space for gardens, play areas, or future additions like a garage or workshop. Second, it represents a clear value-opportunity for builders or investors, where the underlying land value is a significant driver. It’s less suited for buyers seeking a modern, turn-key home or those who prioritize a highly updated interior over outdoor space.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Eric Coy, and across all of Winnipeg. For example, its lot size is in the top 2% city-wide, meaning it’s larger than 98% of Winnipeg properties. Conversely, its assessed value ranks higher than 62% of homes, suggesting the city’s assessment recognizes the premium lot value.
2. Is the house in good condition?
As a 56-year-old home, buyers should budget for updates consistent with its age. The finished basement adds living space but should be checked for proper moisture control and updates. A thorough home inspection is strongly recommended.
3. Why is there no garage, and can one be built?
The property currently has no garage. Given the vast lot size, adding a garage or outbuilding is likely a feasible and valuable improvement, subject to local zoning and permit requirements.
4. How does the large lot impact maintenance and costs?
The nearly ¼-acre lot offers great privacy and space but requires more effort and expense to maintain (lawn care, landscaping) than a standard city lot. It may also influence property tax calculations based on land value.
5. Is this a good investment?
The investment case is centered on the scarce, large lot. It could be a good long-term hold for land appreciation or a candidate for renovation or redevelopment. Its value is more tied to the land’s potential than the current state of the house.