Property Overview
850 Coventry Road is a well-established family home in Winnipeg's Eric Coy neighbourhood, built in 1972. Its most defining feature is the exceptionally large, private lot of approximately 18,487 square feet, which is significantly larger than most properties in the city. The house itself is a 1,624 sqft four-level split with an unfinished basement and an attached garage.
The appeal here is centered on space and potential. The vast yard offers rare privacy and room for gardens, play, or future additions. While the home’s interior reflects its era and may benefit from updates, its living area is above average for the neighbourhood. The property suits buyers looking for a long-term family home where the land itself is the primary asset—perfect for those who value outdoor space over a turn-key modern interior. It’s also a solid candidate for buyers with renovation plans who want to add value over time on a premier lot.
Key Details & FAQs
- Key Characteristics: 4-level split built in 1972 | 1,624 sqft of living space | Unfinished basement | Attached garage
- Lot Size: 18,487 sqft (a standout feature, surpassing 98% of Winnipeg homes for size)
- 2024 Total Assessed Value: $356,000
Frequently Asked Questions
1. What is the true value proposition of this home?
The value is heavily weighted toward the land. You are purchasing one of the larger private lots in Winnipeg, in a mature neighbourhood. The house provides a functional starting point, but the long-term potential lies in the property itself.
2. What type of buyer would this home suit best?
It's ideal for a family or DIY-minded buyer who prioritizes outdoor space and privacy and is comfortable with a home that may require modernizing. It's less suited for someone seeking a move-in-ready, low-maintenance property.
3. How does the assessment value relate to the likely selling price?
The assessed value ($356,000) is for municipal tax purposes and is typically based on past market data. In a competitive market, the selling price for a property with such a unique lot size could differ significantly, likely higher, depending on buyer demand for land.
4. What are the less obvious considerations with a large, mature lot?
While offering great privacy, a lot of this size requires more maintenance (lawn care, landscaping). It's wise to check for any local bylaws regarding future structures like sheds or additions, and to consider the maturity of large trees and their root systems.
5. What does the "four-level split" layout typically mean?
This 1970s-era design often features multiple short flights of stairs separating living, sleeping, and utility areas. It can offer good separation of space but may feel less open than modern open-concept homes and something to consider for those with mobility concerns.