854 Coventry Road

Property Overview & Key Characteristics

This is a well-established, single-storey home in Winnipeg's Eric Coy neighbourhood, built in 1968. Its most defining feature is the exceptionally large lot of approximately 18,488 square feet, which places it in the top 2% of all properties in Winnipeg for land size. The home itself offers 1,152 sqft of living space with a finished basement and an attached garage.

The primary appeal lies in its land value and potential. The vast, private yard is a rare find within the city and offers immense space for gardening, recreation, or future expansion. While the house is of average size for the area, its recent sale in August 2023 for $442,000—above its current assessed value—suggests a market recognition of this underlying value. This property would suit buyers looking for a solid, no-fuss home with a "blank canvas" backyard, whether for family activities, a hobbyist, or someone viewing the land itself as a long-term investment. It’s a practical choice for those who prioritize outdoor space over a large or modernized interior.

Frequently Asked Questions

1. What does the ranking data (e.g., "top 2% for land") actually mean?
It means this property's lot size is larger than 98% of all residential properties in Winnipeg, making it a true standout for land. The other rankings compare it to homes on its street, in Eric Coy, and city-wide for factors like age, size, and value.

2. The house was built in 1968. What should I expect?
Buyers should anticipate a home that may require updates to mechanical systems, windows, or interior finishes consistent with its era. The finished basement adds liveable space, but its condition and compliance with current codes should be verified.

3. Why did it sell for more than its assessed value in 2023?
Assessed value is for municipal tax purposes and often lags behind the market. The sale price likely reflects what buyers were willing to pay for the unique combination of a liveable home on such a large, rare lot—a premium that standard assessments don't fully capture.

4. Is the large yard more of a benefit or a burden?
This depends on the buyer's lifestyle. It offers unparalleled privacy and space but also requires significant maintenance (mowing, landscaping, snow clearing). The cost and effort of upkeep should be factored into the decision.

5. What type of neighbourhood is Eric Coy?
Eric Coy is a mature, established community. The rankings show this home is fairly typical for the area in terms of age and size, but its lot is unusually large. It appeals to those seeking a quiet, settled neighbourhood rather than a new-development area.