Property Overview: 670 Coventry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This property is a classic 1975-built, one-storey home in the Eric Coy neighbourhood, distinguished by its exceptionally large, approximately 15,835 sqft lot—a rarity that places it in the top 2% of all residential properties in Winnipeg for land size. The home itself offers 1,594 sqft of living space with a finished basement, a combined attached and detached garage, and a practical, no-fuss layout.
The primary appeal lies in its land and established location. This isn't just a yard; it's a canvas with tremendous potential for gardening, expansion, or simply enjoying expansive private outdoor space in a mature community. Its high assessment and recent sale value rankings (consistently in the top 10-15% of its area) reflect a solid, desirable asset rather than a fixer-upper. It suits buyers who prioritize space and stability over new construction—growing families seeking room to play, hobbyists or gardeners craving land, or long-term investors attracted by a fundamentally strong property in a well-ranked locale. It offers a quiet, grounded alternative to newer subdivisions, with the value firmly anchored in its substantial lot.
Section 2: Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg for specific metrics (like lot size, age, value). For example, being in the "top 2% in Winnipeg" for lot size means 98% of homes have a smaller lot, highlighting a key competitive advantage.
2. The house was built in 1975. What should I consider?
While the home is well-maintained, a property of this age will likely have original or older major systems (like roof, windows, plumbing, or electrical). A thorough inspection is essential to understand the condition and plan for any future updates, which should be factored into your budget.
3. Why is the assessed value ($572,000) different from the 2022 sale price ($627,000)?
Municipal assessments for tax purposes often lag behind the current market and use mass appraisal techniques. The 2022 sale price is a direct market transaction, and a more current indicator of its market value at that time. The gap suggests the property has been valued highly by both the market and the city assessor.
4. What are the benefits of having both an attached and detached garage?
This combination offers excellent flexibility. The attached garage provides convenient, direct access to the home. The detached garage can serve as a dedicated workshop, secure storage for vehicles or equipment, or a potential studio space—all without encroaching on the primary living or parking areas.
5. The lot is huge. Are there any restrictions on what I can do with it?
Such a large lot does offer potential for additions like a shed, pool, or extensive landscaping. However, any significant structural changes or additions would require checking with the city for zoning bylaws, setback requirements, and necessary permits to ensure compliance.