Property Summary: 624 Coventry Road, Winnipeg
Key Characteristics & Appeal
This is a spacious, well-established property in the Eric Coy neighborhood, built in 1961. Its primary appeal lies in its exceptional land size—nearly half an acre (19,808 sqft)—which places it in the top 1% of all Winnipeg properties for lot size. The single-storey home offers 1,672 sqft of living space, which is comfortably above average for the city, and includes a finished basement and an attached garage.
The property suits buyers seeking room to breathe and grow. It’s ideal for someone who values outdoor space for gardens, recreation, or future expansion more than a newly built home. Its high percentile rankings for lot and living space suggest it offers a rare combination of roominess in a mature community. A thoughtful perspective is that while the house itself is older, the immense lot represents lasting value that is increasingly scarce, offering privacy and potential that newer subdivisions often can't match. It would particularly suit a family looking for a long-term home with space to customize, or a buyer who sees the underlying land value as a key asset.
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, being in the top 1% for lot size in Winnipeg means 99% of properties have a smaller lot. This helps highlight its relative strengths, like space, and areas like age, where it is more typical of the mature neighborhood.
2. Is the older build year (1961) a concern?
The home is well-established, which is common for properties with large lots in mature areas. While systems and structure should be inspected, the age is reflected in the assessment and price. The trade-off for many buyers is the unparalleled lot size that comes with homes from this era.
3. How does the assessment value relate to the asking price?
The municipal assessment is $426,000, which is used for calculating property taxes. The eventual sale price is determined by the market and can be higher or lower than this figure based on condition, updates, and buyer demand for a lot of this unique size.
4. What are the advantages of a finished basement?
It adds functional living space without increasing the home's footprint, which can be used for recreation, additional bedrooms, a home office, or storage. In a single-storey home, it effectively doubles the available living area.
5. Who would this property not be ideal for?
It may not suit buyers seeking a modern, low-maintenance home or those who prefer a compact, walkable urban lot. The size of the yard requires upkeep, and the home's age may mean planning for updates over time, appealing more to a hands-on or visionary buyer than someone looking for move-in perfection.