4130 Coy Avenue

Property Overview

This 1970-built four-level split home at 4130 Coy Avenue offers a classic Winnipeg layout on a notably large, nearly 10,000 sqft lot. Its key appeal lies in the balance of generous indoor and outdoor space, presenting a solid value proposition. With 1,644 sqft of living space, it ranks above average in size for both the neighborhood and the wider city. The home features a basement (unfinished, offering potential for customization) and an attached garage.

Its strongest characteristic is the land itself—the lot size places it in the top 6% of all properties in Winnipeg, a rare find that provides ample room for gardening, play, or future expansion. The home suits practical buyers looking for established character in a mature neighborhood, who value private outdoor space over brand-new finishes. It’s ideal for a family seeking room to grow, a DIY enthusiast ready to personalize an unfinished basement, or a long-term investor attracted by the enduring value of a large parcel of land.

Frequently Asked Questions

1. What are the main advantages of a four-level split design?
This style efficiently separates living zones across multiple half-levels, often providing more privacy between bedrooms and common areas than a traditional bungalow or two-story home, and can make the floorplan feel spacious.

2. The house was built in 1970. What should I be mindful of?
While the structure has proven its durability, a focused inspection of major aging components is wise. Pay special attention to the roof, original windows, and the plumbing and electrical systems, which may be due for updates or require budgeting for future maintenance.

3. How does the unfinished basement impact value?
It currently lowers the finished square footage, which is reflected in the assessment. However, it represents significant potential. Finishing it would substantially increase the livable space and value, allowing a new owner to customize it to their needs.

4. The lot is exceptionally large. What does that mean for me?
Beyond simple yard space, a lot of this size (top 6% in the city) offers rare long-term flexibility. It provides superior privacy, space for major landscaping like a garden or shed, and potential for future additions like a deck or even a secondary suite, subject to zoning approvals.

5. The value rankings seem mixed. How should I interpret them?
The rankings show a property with standout strengths and areas that are simply average for its locale. It excels in lot size and is above average in living space, while its age and assessed value are more middle-of-the-road for the neighborhood. This suggests you are paying primarily for the land and the solid home footprint, not for premium finishes or a new build, which is reflected in the price.