Property Overview: 866 Coventry Road, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This property is defined by a compelling contrast between its modest 965 sqft bungalow footprint and its exceptionally large, 17,432 sqft lot in the Eric Coy neighbourhood. Built in 1969, the home features a finished basement and a combination attached/detached garage. Its primary appeal lies in its land value and potential. The lot size is a standout asset, placing it in the top 2% of all Winnipeg properties, which offers rare privacy, space for gardens, recreation, or future expansion in the city. While the living space is compact relative to the land, the finished basement adds functional area.
It would best suit a buyer with a vision for the land itself—whether that’s a family seeking ample outdoor space, a hobbyist wanting room for workshops or projects, or a long-term investor who recognizes the underlying value. It’s a property where the land is the headline, and the existing home provides a comfortable, efficient starting point with the option to renovate or reimagine over time.
Frequently Asked Questions
1. How does the large lot impact property taxes?
While the assessed value of $466,000 reflects the desirable lot size, taxes are calculated on that total assessment. The premium for the land is factored in, so expect taxes to align with a higher-value property rather than a typical home of this square footage.
2. Is the property suitable for a future addition or rebuild?
The lot size certainly provides the physical space for an addition or eventual rebuild. Any plans would require checking with the City of Winnipeg for zoning bylaws, setback requirements, and permitting.
3. What is the neighbourhood character of Eric Coy?
Eric Coy is a mature, established neighbourhood. The mix of older homes on varying lot sizes creates a streetscape with more character and individuality than newer subdivisions. The high lot-size ranking suggests this property is among the more spacious in the area.
4. The home’s living area ranks lower; will it feel too small?
This depends on lifestyle. The finished basement effectively doubles the usable living space, providing crucial room for a family room, office, or extra bedrooms. The layout and flow of the main floor will be key factors during a viewing.
5. What does the “combination attached/detached garage” mean?
This typically indicates a garage structure that is partially attached to the house (often via a breezeway or direct connection) with an additional detached garage or shed space. It offers versatile storage or workshop options beyond a standard single garage.