Property Overview: 683 Buckingham Road, Winnipeg
Section 1: Key Characteristics & Appeal
This is a distinctive, well-established property in the Eric Coy neighbourhood, built in 1962. Its primary appeal lies in its exceptionally large, private lot of over 19,000 square feet—a rare find that places it in the top 2% of all properties in Winnipeg for land size. The home itself is a modest 1,270 sqft one-storey bungalow with a finished basement and an attached garage.
The property’s strength is its immense potential. The generous lot offers unparalleled space for gardening, recreation, expansion, or future development, subject to municipal approvals. While the house may benefit from updates, its solid assessed value ranking suggests a sound foundation. This home perfectly suits buyers who prioritize land over lavish living space—think growing families seeking room to play, hobbyists or gardeners craving outdoor space, or long-term investors who see value in the land itself. It’s for those willing to trade a newer or more modern interior for the unique and lasting asset of a huge, private yard in the city.
Section 2: Frequently Asked Questions
1. What does the "finished basement" include?
The listing notes a finished basement but does not specify the rooms or finish quality. A viewing is essential to assess its condition, layout, and whether it includes legal bedrooms or additional living space.
2. How does the large lot impact costs?
While offering great privacy, a lot of this size can mean higher maintenance (like lawn care or snow clearing) and potentially higher property taxes relative to the home's living area. It’s a trade-off for the space.
3. Is the property suitable for adding an addition or subdividing the lot?
The lot size certainly makes these possibilities worth investigating. Any plans would require thorough research into Winnipeg's zoning bylaws, utility access, and obtaining the necessary permits.
4. The rankings show the house is older and smaller than many in Winnipeg. Should I be concerned?
Not necessarily. These rankings highlight the property’s character as a land-value proposition. The home is well-maintained and functional, but buyers should budget for updates typical of a house from the 1960s.
5. Why is the assessed value ranking higher than the size/age rankings?
This indicates that municipal assessors see significant value here, likely driven by the desirable lot size and the home's solid condition in its market segment. It suggests the property is a strong, substantive asset within its category.