Property Overview: 525 Buckingham Road
This well-established bungalow in Eric Coy offers a distinct blend of space, privacy, and potential. Its primary appeal lies not in luxury finishes, but in its generous, mature lot and solid foundation in a quiet neighborhood. The home presents a classic canvas, suited for buyers who prioritize land and location over turn-key perfection.
Key Characteristics & Appeal
The property's defining feature is its expansive 19,043 sqft lot, which places it in the top 2% of all residential properties in Winnipeg for size. This offers exceptional privacy, room for gardening, play, or future expansion, and a rare sense of space within the city. The home itself is a modest 1,344 sqft one-storey layout with a finished basement, ideal for straightforward living or a starter home. Its 1960s build date suggests a structure with good bones but likely requiring updates to suit modern tastes.
This home would best suit practical buyers who see value in land as a long-term asset. It's a strong match for first-time purchasers or downsizers comfortable with a project, as well as for families seeking a safe, quiet street with ample outdoor space for children. The high city-wide rankings for lot size and assessed value indicate a property with underlying equity, appealing to those looking for a solid footing in the market with room to grow in value through personalization.
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 2% for lot size city-wide highlights the exceptional scale of the land, while the lower rankings for building age indicate the home itself is older than many others in the immediate area.
2. Is the finished basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should investigate the current layout and necessary permits with the city.
3. What is the typical character of the Eric Coy neighborhood?
Eric Coy is a mature, established community with a mix of original homeowners and new families. The large lot sizes on streets like Buckingham Road contribute to a quiet, spacious feel that is increasingly rare in newer subdivisions.
4. The home ranks higher city-wide than in its own neighborhood. Why?
This pattern suggests the property's strengths—like its massive lot—are extraordinary on a city scale but are more common among its immediate neighbors. It indicates you are looking in an area where larger properties are the norm, offering a consistent community character.
5. What are the main considerations for a home built in 1960?
While built solidly, key systems like plumbing, electrical, roofing, and insulation may be original or dated. A thorough inspection is essential to budget for necessary updates, which also represent an opportunity to increase energy efficiency and modernize the home to your needs.