Property Overview: 764 Buckingham Road, Winnipeg
Section 1: Key Characteristics & Appeal
This property is defined by a compelling contrast: a modest, single-level home on an exceptionally large, mature lot. The 1,008 sqft bungalow, built in 1972, features a finished basement and a detached garage. Its primary appeal lies not in the house itself, but in the rare 12,729 sqft land parcel it occupies—a size that ranks in the top 3% of all residential lots in Winnipeg. This creates a unique value proposition centered on potential.
The home would suit two distinct types of buyers. First, it's ideal for a value-conscious buyer or investor seeking a solid, liveable home with immense future upside, whether for expansion, redevelopment, or simply enjoying expansive outdoor space. Second, it perfectly matches a practical downsizer or first-time buyer who prioritizes a manageable, single-storey layout but desires a far larger, more private yard than typically available in this price range. The appeal is grounded in practicality today with a clear eye on long-term asset value, offering a footprint where the land itself is the star.
Section 2: Frequently Asked Questions
1. Is the house in good condition for its age?
While the listing confirms a finished basement, the age (54 years) means a thorough inspection is essential. Buyers should budget for updates to major aging systems like roof, plumbing, or electrical, which is typical for homes of this era.
2. What can be done with such a large lot?
The lot size offers uncommon flexibility. Beyond gardening and recreation, it provides ample room for significant additions, a large workshop, or future subdivision potential (subject to municipal zoning approval). It’s a blank canvas for outdoor living or investment.
3. How does the assessment compare to the asking price?
The municipal assessment is $444,000. It’s important to understand that assessments are for tax purposes and often lag behind market value. The asking price will reflect current market conditions, the property’s unique lot size, and its potential.
4. What is the neighbourhood like?
Located in Eric Coy, the property ranks in the middle of the pack locally for both size and value, suggesting a well-established, average neighbourhood. Its standout city-wide rankings, however, indicate it's an unusually large property for Winnipeg, likely offering more privacy and space than surrounding homes.
5. Why is the living space ranked lower than the lot size?
The rankings are relative. The home's 1,008 sqft is smaller than most in its immediate area and across the city, hence its lower percentile rank. This highlights the property’s dynamic: you are purchasing a home with below-average square footage but situated on a lot that is significantly above average in size.