Property Overview: 751 Buckingham Road, Winnipeg
Key Characteristics & Appeal
This is a distinctive, single-storey home in Winnipeg's Eric Coy neighborhood, built in 1970. Its most defining feature is the expansive, 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 offers 1,511 sqft of living space with a finished basement and is complemented by a split garage and an in-ground pool. With a current assessed value of $564,000, it ranks highly within its local area for valuation.
The primary appeal lies in its exceptional outdoor space and privacy. The massive lot provides immense potential for gardening, recreation, or future expansion, offering a suburban-like retreat within the city. The inclusion of a pool makes it ideal for family summers and entertaining. This property would best suit buyers who prioritize land and outdoor living over a large interior footprint. It’s a match for families seeking space for children and pets to play, hobbyists or gardeners craving room for projects, or those looking for a home with a strong foundation for future renovations or additions, where the land itself is a key long-term asset.
Frequently Asked Questions
1. How does the age of the home (built 1970) affect its condition and potential?
While the home is over 50 years old, its assessed value ranks very highly (top 10% in Winnipeg), suggesting it has been well-maintained or updated. Buyers should still budget for age-related maintenance, but the solid ranking indicates it is considered a premium property for its area.
2. Is the pool a major added expense?
Yes, an in-ground pool requires seasonal opening/closing, ongoing maintenance, and increased insurance and utility costs. For the right buyer, it's a valuable luxury amenity, but it is a commitment that should be factored into the annual cost of ownership.
3. What does the "top 2% for land size" ranking practically mean?
It means you are purchasing a property with a lot size that is exceptionally rare in Winnipeg. This isn't just a big yard; it's a level of privacy and space that is very difficult to find, offering long-term value that smaller lots cannot match.
4. The home's living space is modest relative to the lot size. Is this a concern?
This is a key characteristic, not necessarily a concern. The property offers a "land play"—the value is heavily in the outdoor space. It's ideal for someone who lives outdoors or envisions adding on to the home. Buyers seeking primarily large interior square footage may find better options elsewhere.
5. How stable is the property's value based on its history?
The home last sold in 2016 for $425,000 and is now assessed at $564,000, showing significant appreciation. Its rankings for value are strong (top 17% on its street, top 13% in the community), indicating it is consistently viewed as a higher-value property in its market area.