515 Coventry Road

Property Overview: 515 Coventry Road, Winnipeg

Key Characteristics & Appeal

This is a well-established, single-storey home in the Eric Coy neighbourhood, built in 1969 on a large, approximately 7,922 sqft lot. With 1,214 sqft of living space and a finished basement, it offers practical, single-level living. The property includes a detached garage.

Its primary appeal lies in its generous land size, which ranks highly compared to most homes in Winnipeg, offering significant outdoor space and potential. The home presents a solid value proposition, with an assessed value that is competitive for its lot size and area. It suits buyers looking for a ground-level floor plan, possibly downsizers or first-time buyers seeking a home with room to grow outdoors. The data suggests it's a property with strong fundamentals—particularly the lot—rather than modern finishes, appealing to those who see value in space and location over a turn-key renovation.

Frequently Asked Questions

1. How does the lot size compare to others in the area?
The 7,922 sqft lot is a standout feature, larger than 88% of all residential properties in Winnipeg, offering rare space for gardens, expansion, or outdoor living in the city.

2. What does the "relative ranking" data mean for this home?
The rankings compare this property to others on its street, in Eric Coy, and across all Winnipeg. For example, while its living area is about average for the city, its lot size is in the top 12%, and its assessed value is lower than 64% of homes, which can indicate a value opportunity.

3. Is the basement included in the 1,214 sqft living area?
No, the 1,214 sqft refers to the above-ground living space. The home also has a separate, finished basement, which adds additional usable space.

4. What might the age of the home (57 years) mean for a buyer?
While the systems and structure have proven durable, a home of this age typically warrants a close inspection for updates to major components like roof, windows, plumbing, and electrical, which could be part of a maintenance plan or renovation vision.

5. Who might this property not suit?
It may not suit buyers seeking a modern, open-concept layout without renovation work, or those prioritizing a brand-new home. The single-storey design and larger lot also imply different maintenance considerations than a newer townhouse or condo.