Property Overview & Key Characteristics
This two-storey home in Eric Coy offers a compelling blend of space, established charm, and a highly desirable location. Its primary appeal lies in its generous 10,837 sqft lot—a rare find that places it in the top 5% of all properties in Winnipeg for land size. The 1,880 sqft living area is also well above average for the city, providing ample room. Built in 1971, the home features a finished basement and an attached garage.
The property’s standout strength is its exceptional value positioning within Winnipeg, ranking highly for lot size, living space, and assessed value relative to the broader market. It suits buyers looking for a long-term family home with significant outdoor space for gardening, play, or future expansion. It would also appeal to those who value an established, quiet neighbourhood with mature landscaping, and who appreciate a home with solid fundamentals over brand-new construction. A thoughtful perspective is that while the home itself is of average age for the area, the sheer size of the lot offers a legacy asset that is increasingly scarce, providing both privacy and future potential that newer subdivisions often cannot match.
Frequently Asked Questions
1. How does the age of the home (1971) affect its condition and potential costs?
While the home ranks around the middle for age in its community, a 55-year-old property will likely require proactive maintenance or updates to major systems like roofing, windows, or plumbing. A thorough inspection is essential, but the well-maintained structure and finished basement suggest it has been cared for.
2. What does the "finished basement" entail?
The listing confirms the basement is finished, adding to the usable living space. Buyers should clarify the quality, ceiling height, and legal compliance of the finish, as well as check for any moisture issues common in homes of this era.
3. The lot is exceptionally large. Are there any restrictions on its use?
A lot of this size (over 1/4 acre) is a major asset. Buyers should verify zoning with the city to understand possibilities for adding structures like a shed, garage, or deck, or even for future subdivision, though local bylaws will apply.
4. Why is the home's ranking within its own street lower than its city-wide ranking?
The property surpasses 95% of Winnipeg homes for lot size but only 7% on its own street. This indicates Buckingham Road is an established area with uniformly large properties, so while it's a standout city-wide, it fits the character of its immediate neighbourhood.
5. How should I interpret the assessed value versus the listing price?
The municipal assessment of $473,000 is a benchmark for property taxes and is typically below market value. It indicates a solid base of value, especially as it ranks in the top 22% city-wide. The final sale price will be determined by current market conditions, the home's updated condition, and the high desirability of the lot.