Property Overview: 707 Coventry Road, Winnipeg
Key Features & Ideal Buyer Profile
This property is defined by its exceptionally large, nearly half-acre lot (19,801 sqft), which places it in the top 1% of all Winnipeg properties for land size. The home itself is a 1,340 sqft, one-storey bungalow built in 1964, featuring a finished basement and an attached garage. Its appeal lies in a rare combination of urban convenience and expansive, private outdoor space. While the house is of average size for its neighborhood, the lot offers tremendous potential for gardening, recreation, or future expansion.
The home would best suit a buyer who values space and privacy over a modern, turn-key home. It’s an ideal canvas for someone with a vision—whether that’s enjoying the mature yard as-is, undertaking landscaping projects, or planning a long-term renovation or addition. The large lot also makes it a compelling option for multi-generational families or those seeking a sense of retreat within the city. Its strong value ranking (top 25% in Winnipeg) suggests it is a competitively priced asset in a sought-after category.
Frequently Asked Questions
1. What does the "finished basement" include?
The listing notes a finished basement but does not specify the extent or features. A professional inspection is recommended to determine the finish quality, ceiling height, and any potential moisture concerns common in older homes.
2. How does such a large lot affect maintenance and costs?
While offering privacy and space, a lot of this size requires significant upkeep for lawn care, gardening, and snow removal. Buyers should budget accordingly for their own time, equipment, or professional services. Property taxes may also be influenced by the land value.
3. Is the home suitable for expanding or building a garage/shop?
The vast lot certainly presents that possibility. Any buyer interested in adding structures would need to investigate City of Winnipeg zoning bylaws, setback requirements, and obtain the necessary permits.
4. The home was built in 1964. What should I be aware of?
Homes of this era may have original systems (like plumbing, electrical, or the roof) nearing or past their typical lifespan. A thorough inspection is crucial to understand the condition of these major components and plan for potential updates.
5. The rankings show the lot size is top 1%, but the home's size is more average. What does this mean for value?
This indicates the property's value is heavily weighted toward the land itself. It suggests you are primarily investing in a premier lot with a functional home on it, rather than a premier house. Future value appreciation will be closely tied to the land value in this desirable area.