This 1962-built, one-storey home on Coventry Road presents a unique proposition centered on its expansive 13,186 sqft lot in the Eric Coy neighborhood. Its key appeal lies not in the size of the house—which is a modest 1,008 sqft with a finished basement—but in the exceptional scale and potential of its land. The property ranks in the top 3% in Winnipeg for lot size, offering a rare canvas for gardening, expansion, or future development within the city. The home itself is a functional, no-frills bungalow suited for a hands-on buyer.
Its characteristics best suit a practical purchaser who values space and potential over immediate turn-key perfection. This could be a first-time buyer looking for an affordable entry into a stable neighborhood with room to grow, a downsizer seeking a manageable single-level home with a huge private yard, or an investor/renovator who sees the underlying value in the land and the opportunity to add value through updates. The lack of a garage and the home’s age are trade-offs for the lot size and location.
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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. Crucially, it ranks in the 97th percentile for lot size city-wide, meaning it has a larger lot than 97% of Winnipeg properties. This is its standout feature, while rankings for living space and assessed value are more average or below average.
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Is the house in need of major updates?
Given its 1962 construction, buyers should budget for ongoing maintenance and potential updates to major systems (like roof, plumbing, or electrical) that are typical for a home of this age. The finished basement adds living space but may also reflect an older style.
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What are the possibilities for the large lot?
Beyond a generous garden, the lot size could accommodate additions like a large garage, workshop, or sunroom. It's wise to check with the City of Winnipeg regarding zoning bylaws and setback requirements for any future structures or significant alterations.
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Why is the assessed value relatively low compared to the lot size?
Municipal assessments typically reflect the current state and size of the home as much as the land. The modest bungalow likely tempers the assessment, which can sometimes present a value opportunity for a buyer if the market price is aligned.
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Who is the ideal buyer for this property?
The ideal buyer values outdoor space and long-term potential over a modern, large interior. It’s a practical fit for someone comfortable with a home that may require gradual improvements, or who sees the land itself as the primary asset—whether for personal use, future resale, or as a legacy property in a family-oriented neighborhood.