Property Overview: 851 Buckingham Road, Winnipeg
This well-established bungalow in the Eric Coy neighbourhood presents a compelling opportunity for buyers seeking space, privacy, and long-term value. Built in 1968, the home sits on a remarkably large, mature lot of over 11,000 square feet—a rarity that places it in the top 4% of all properties in Winnipeg for land size. The 1,750 sqft of living space includes a finished basement, providing ample room for a growing family or those who enjoy hosting. While its assessed value is moderate for the area, the home’s standout features are its generous proportions and established setting, offering a blank canvas for updates or a solid foundation to move right into.
Key Characteristics & Appeal
The primary appeal of this property lies in its substantial lot and the privacy that comes with it. The land size is a significant asset, offering potential for gardening, expansion, or simply enjoying expansive outdoor space in a city setting. The home itself offers comfortable, single-level living with the added bonus of a finished lower level, increasing its functional space. Its rankings show it outperforms most Winnipeg homes for living area and decisively for lot size, yet it sits at a more accessible price point within its own street and community. This creates a value proposition centred on land ownership.
This home would suit a practical buyer who prioritizes space and location over a turn-key modern finish. It’s ideal for a family looking for a long-term home where they can put down roots, gradually renovate, and benefit from the appreciation of a large lot. It would also appeal to value-conscious purchasers who understand that the land itself is the appreciating asset, and the house can be adapted over time to suit their needs.
Frequently Asked Questions
1. How does the large lot size impact property costs?
While offering great privacy and potential, a lot of this size typically results in higher property taxes compared to standard lots and may increase maintenance costs (e.g., lawn care, landscaping).
2. What does the "finished basement" entail?
The listing confirms a finished basement but does not specify the extent, quality, or if it includes proper permits. Buyers should investigate during a viewing to understand the finish level and check for moisture issues common in older basements.
3. The home ranks lower for value on its street. Is this a concern?
This suggests the home’s assessed value is lower than many neighbours’. This could be seen positively as a potential value opportunity, but it may also reflect the home’s older condition or specific market factors on Buckingham Road that warrant investigation.
4. Is the 1968 build date a drawback?
While the home is from an era with solid construction, buyers should budget for updates to major aging components like the roof, windows, plumbing, and electrical systems. A thorough inspection is essential.
5. Who is the most likely buyer for this property?
This property is best suited for a buyer with a vision—someone who values the enduring asset of a large lot and is prepared to live with or gradually update a home from the 1960s. It’s less suited for those seeking a modern, low-maintenance property without renovation plans.