Property Overview
This 1962-built bungalow at 696 Buckingham Road offers a distinct proposition centered on land and location. Its primary appeal lies in the rare, expansive lot of nearly 19,080 square feet, placing it in the top 2% of all properties in Winnipeg for lot size. The home itself is a 1,250 sqft, one-storey layout with a finished basement and a detached garage. While the house's age and interior size are more modest relative to the lot, the property's overall assessed value ranks highly, suggesting significant underlying land value. It would particularly suit buyers who prioritize outdoor space for gardening, recreation, or future expansion over a large or modern interior. It's also a compelling option for those seeking a long-term hold in a mature neighbourhood, where the land itself is the primary asset with strong potential for appreciation.
Frequently Asked Questions
1. What is the true draw of this property?
The standout feature is undoubtedly the land. The lot size is exceptionally large for the city, offering privacy, space, and possibilities that are increasingly hard to find within Winnipeg.
2. Is the house in move-in condition?
The listing notes a finished basement, but as a home from 1962, buyers should budget for updates to mechanical systems, windows, or interior finishes to align with modern expectations. Its condition is typical for its era.
3. Who would this property suit best?
It's ideal for buyers who value space over turn-key perfection. This could include families wanting a large backyard, hobbyists needing room for projects, or strategic buyers viewing the land as a long-term investment.
4. How does the lot size impact costs?
A property of this scale means higher municipal taxes relative to similar-sized homes on standard lots. Maintenance like lawn care, snow clearing, and landscaping will also require more time or expense.
5. What's less obvious about this listing?
The rankings reveal a thoughtful perspective: while the house is average in size and age for its area, the combined package of land and location creates outsized value. It outperforms 98% of the city for lot size but only 57% for living space, highlighting that you are purchasing a substantial piece of Winnipeg more than a large house.