Property Overview & Appeal
806 Coventry Road is a well-established bi-level home on a large, mature lot in Winnipeg's Eric Coy neighborhood. Its primary appeal lies in its generous 13,203 sqft land parcel, which ranks in the top 3% of the city for size, offering exceptional outdoor space and potential. The home itself, built in 1971, features 1,176 sqft of living space and a finished basement. Its competitive city-wide assessment ranking suggests solid value for the area.
This property would suit buyers prioritizing land over a large house, such as those looking for gardening space, room for children or pets to play, or future expansion. It's a practical choice for first-time buyers or downsizers seeking a manageable single-level layout (with basement) in a quiet community, without the upkeep of a massive home. The data indicates it's a competitively priced, land-rich option in a mature neighborhood.
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 3% for lot size city-wide is a significant advantage, while the home's size and age are more average for its immediate area.
2. Is the lack of a garage a major drawback?
For some buyers, yes. However, the vast lot size presents a clear opportunity to add a garage or workshop, subject to local bylaws. This could be seen not just as a missing feature, but as a customizable blank canvas.
3. What are the pros and cons of a 55-year-old bi-level?
Pros include a typically simple, efficient layout and a finished basement adding usable space. Cons involve the potential for aging major systems (roof, furnace, windows) needing attention or updates. A thorough inspection is essential.
4. Who might find this property's profile particularly compelling?
A buyer who values outdoor privacy and space more than brand-new interiors. The huge lot offers a sense of retreat and possibility that is increasingly rare, potentially outweighing the home's modest rankings for size and age within the neighborhood.
5. How should I interpret the assessment value?
The municipal assessment of $409,000 is for tax purposes and is a lagging indicator. Its ranking shows it's valued higher than 67% of Winnipeg homes, confirming its solid base. The market price will be influenced by current demand, condition, and its unique land value.