Property Overview: 707 Buckingham Road, Winnipeg
Key Characteristics & Appeal
This property is defined by its substantial, nearly half-acre lot (over 19,000 sq ft), a rare find within the city that offers exceptional outdoor space and privacy. The 1,995 sq ft, one-storey bungalow, built in 1965, provides generous living space and ranks highly in size compared to most Winnipeg homes. It features an attached garage and a full, unfinished basement, presenting a solid foundation with clear potential for expansion or customization.
The primary appeal lies in its unique combination of a very large, blank-canvas lot and a well-sized, functional home. It suits buyers who value space over turn-key finishes—specifically, those looking for a family home with immense yard potential for gardens, play areas, or future additions, or value-oriented investors who see the long-term potential in the land itself. The property’s high city-wide rankings for lot size and living area contrast with its more modest rankings for age and finish, highlighting a trade-off: you are acquiring significant assets (land and square footage) that are increasingly scarce, in a package that likely requires updating or personalization.
Frequently Asked Questions
1. What does an "unfinished basement" mean for this property?
It means the basement is a blank slate with concrete floors and walls, ready for future development. This adds significant potential living space but requires a separate investment to finish.
2. The house is from 1965. What should I be aware of?
While systems like plumbing and electrical may have been updated, a home of this age warrants a thorough inspection. Potential considerations include the condition of the roof, original windows, and insulation, which are common focal points for maintenance or efficiency upgrades in older homes.
3. How significant is a 19,000 sq ft lot in Winnipeg?
It is exceptionally large for the city. This isn't just a big yard; it's a parcel of land that offers rare privacy, scope for landscaping, and future possibilities like a workshop, large garden, or even subdivision potential, subject to city zoning.
4. The value rankings vary—what's the most important one?
The rankings show different strengths. The property scores in the top 10% city-wide for living area and top 2% for lot size, indicating its core strengths. The lower rankings for building age suggest the home itself may need attention, framing this as a property where the land and structure size are the leading value drivers.
5. Who is the most likely buyer for this home?
It's ideal for a hands-on buyer or family who sees the property's scale as its primary virtue. This could be someone planning gradual renovations, wanting a huge private outdoor space, or viewing the substantial lot as a long-term investment that will appreciate due to its scarcity.