575 Coventry Road

Property Overview: 575 Coventry Road

Key Characteristics, Appeal & Target Buyer

This is a well-established, single-storey home on an exceptionally large, nearly 20,000 sqft lot in Winnipeg's Eric Coy neighbourhood. Built in 1966, the 1,288 sqft residence features a finished basement and a detached garage. Its standout characteristic is the land itself—the property ranks in the top 1% in Winnipeg for lot size, offering rare potential for expansion, gardening, or outdoor recreation within the city. Recent market activity is confirmed with a sale in October 2024 at $459,000.

The primary appeal lies in the balance of a solid, move-in-ready home with the long-term value and flexibility provided by its expansive grounds. It suits practical buyers who value space and potential over brand-new finishes. This could be a perfect match for a growing family seeking room for children and pets to play, a multi-generational household considering a future addition, or a buyer with hobbies or projects that require significant outdoor space. The high city-wide rankings for lot size and recent sale value suggest a property that holds its worth based on its unique, irreplaceable asset: the land.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the top 1% for lot size city-wide highlights just how rare and substantial the parcel is. The rankings for age, living area, and value provide context, showing it is a mature home that competes well in its market segment.

2. Is the lot usable, or is it an odd shape?
While a specific survey is needed, a lot of this size (over half an acre) in a developed city neighbourhood is typically very functional. It likely offers ample backyard depth, side yards, and frontage, which is the main driver of its high ranking and value.

3. What is the neighbourhood (Eric Coy) like?
Eric Coy is a mature, established community with a mix of mid-century homes. The high lot-size ranking within the neighbourhood itself (top 23%) indicates this area is known for more spacious properties compared to newer subdivisions, offering a quieter, more private feel.

4. Given the age, what should I be prepared to update?
As a home from the 1960s, prospective buyers should budget for updates to major aging components. A thorough inspection is crucial to assess the roof, windows, plumbing, electrical, and the heating/cooling systems to plan for future investments.

5. Why did it sell recently, and why is it back on the market?
The October 2024 sale confirms its market value. A quick resale can happen for many neutral reasons unrelated to the property itself, such as a change in a buyer's job, financing, or personal circumstances. It does, however, provide a very recent and reliable price benchmark.