4120 Coy Avenue

Property Overview: 4120 Coy Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-established, single-storey home on a notably large, mature lot of nearly 10,000 sqft in Winnipeg. Built in 1967, its key features include a fully finished basement and a split garage. The appeal lies in its generous outdoor space, which offers significant potential for gardening, expansion, or simply enjoying a rare degree of privacy in the city. The home’s finished basement adds valuable, flexible living space.

Its competitive rankings reveal a compelling profile: while the house itself is modest in size and age compared to its immediate neighborhood, the property excels on a city-wide scale. It sits in the top 6% of Winnipeg for lot size, offering land value that is increasingly uncommon. This combination suits practical buyers looking for a solid starter or retirement home with a manageable footprint, but who prioritize a large yard over a newer build. It’s also a smart option for long-term investors who understand the inherent value of land, as the expansive lot represents future potential that newer subdivisions often lack.

Section 2: Frequently Asked Questions

1. What does the "top 6% in Winnipeg for lot size" ranking actually mean?
It means this property's land area is larger than 94% of all residential lots in Winnipeg, making its nearly quarter-acre lot a rare find within city limits.

2. The house ranks lower in the neighborhood for size and age. Is that a concern?
Not necessarily. This indicates the immediate area may have a mix of larger or more recently built homes. It highlights that this property’s primary advantage is its land, not the size or newness of the dwelling itself.

3. Is the finished basement a legal suite?
The provided details confirm it is finished but do not specify if it is a legal, rentable suite. This would be a critical point to verify with the listing agent and city records.

4. How might the 1967 construction date affect maintenance?
While systems like the roof, plumbing, and wiring may have been updated over the years, a home of this age warrants a thorough inspection to understand the condition of its original components and any subsequent renovations.

5. The assessment value is $388,000. How should I interpret this?
The municipal assessment is for tax purposes and is not a market valuation. However, its ranking shows it is valued higher than 62% of Winnipeg homes, which is a positive indicator of the property's established worth to the city. The final sale price will be determined by the current market.