Property Overview: 787 Coventry Road, Winnipeg
Key Characteristics & Appeal
This property is a well-established, single-story home on an exceptionally large lot of nearly 22,000 sqft, a rare find within the city. Built in 1962, it features a finished basement and a split garage. Its primary appeal lies in its land value and relative position. The lot size ranks in the top 1% city-wide, offering immense potential for gardening, expansion, or simply enjoying private, spacious grounds. While the house itself is of average size for its neighborhood and era, its assessed value ranks highly, suggesting the land is a significant driver. This home would perfectly suit a buyer looking for a solid, no-frills bungalow with future potential, whether for multi-generational living, adding a workshop, or as a long-term hold in a mature area. It’s less suited for those seeking a modern, turn-key home, and more ideal for a pragmatic buyer who sees value in space and possibility over new finishes.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in its neighborhood (Eric Coy), and across all of Winnipeg. For example, its land size is in the 99th percentile city-wide, meaning it's larger than 99% of Winnipeg lots. This is its most standout metric.
2. Is the large lot usable, or are there restrictions?
While the lot size is a major asset, buyers should verify zoning bylaws with the city to understand what can be built (e.g., secondary suites, additions, outbuildings) and if any portions are affected by easements or environmental features.
3. Given the age, what should I budget for immediate updates?
Built in 1962, core systems like the roof, plumbing, electrical, and heating should be professionally inspected. While the basement is finished, the underlying structure and insulation should be assessed. Budgeting for updates to these areas is wise.
4. How does the split garage compare to an attached double garage?
A split garage (two separate single garages) offers flexibility, such as using one for vehicles and one for a workshop. However, it may be less convenient in winter and doesn’t provide the internal access of an attached garage.
5. The assessed value is high relative to the home's age and size. Why?
The assessment reflects both the building and the land. The exceptionally high land value, due to the lot's size and location, significantly boosts the total assessment. This indicates the property's market value is likely more tied to its land than its structure.