545 Coventry Road

Property Summary: 545 Coventry Road, Winnipeg

Key Characteristics & Appeal

This is a distinctive, single-storey home in Winnipeg's Eric Coy neighbourhood, built in 1970. Its most defining feature is the exceptionally large, approximately 14,500 sqft lot, which places it in the top 2% of all properties in Winnipeg for land size. The home itself offers 1,255 sqft of living space, a finished basement, an attached garage, and the rare addition of a private swimming pool.

The primary appeal lies in its unique combination of space, privacy, and recreational potential. The vast yard is a blank canvas for gardening, outdoor entertaining, or future expansion, offering a level of seclusion uncommon in the city. While the house is of average size for the area, the property's overall value is heavily weighted toward its expansive grounds and pool. It suits buyers looking for a long-term family home where outdoor living is a priority, or those who value the potential of the land itself—whether for enjoyment, renovation, or future redevelopment. It’s a property for someone who sees the land as the main asset, with the existing house serving as a comfortable starting point.

Frequently Asked Questions

1. How does the 2022 sale price compare to the current assessment?
The home sold for $370,000 in November 2022. The current assessed value is $476,000. This increase reflects market changes and the formal assessment of the property's characteristics, notably its very large lot.

2. What is the condition of the pool and what are the associated costs?
Prospective buyers should budget for a professional inspection of the pool's structure, equipment, and lining. Annual maintenance, including opening/closing, chemicals, and potential heating costs for Winnipeg's short season, are significant ongoing considerations.

3. Why is the land size ranking so much higher than the home size ranking?
The rankings are relative. The lot is in the 98th percentile city-wide for size, which is exceptional. The house's square footage is more typical for its neighbourhood, hence its middle-tier rankings. This highlights that the property's premium is in the land.

4. Is the finished basement included in the 1,255 sqft living area?
Typically, living area (sqft) refers to above-grade space. The finished basement is an additional area, adding functional rooms like a family room, office, or extra bedrooms not reflected in the main square footage figure.

5. What does the "ranking" system for the street, community, and city mean?
These percentile rankings show how this property compares to others in each category. For example, being in the "top 2%" for lot size in Winnipeg means 98% of city properties have smaller lots. It's a quick way to gauge its standout features and more average characteristics within different geographic circles.