Property Overview: 776 Buckingham Road
Key Characteristics, Appeal & Target Buyer
This is a distinctive property defined by its exceptional outdoor space and solid, established character. The nearly half-acre lot (25,460 sqft) is its most commanding feature, placing it in the top 1% of properties in Winnipeg for land size. This expansive, private setting accommodates a rare in-ground swimming pool and provides immense potential for gardening, recreation, or future expansion. The home itself is a 1971-built, 1,207 sqft 3-level split with a finished basement and a combined attached/detached garage setup. While the living space is modest relative to the lot, the home offers functional, multi-level living.
Its appeal lies in a unique blend of space, privacy, and recreational amenity rarely found within the city. It suits a specific buyer: someone who prioritizes vast outdoor living and private sanctuary over a large or modernized interior. It’s ideal for families seeking a backyard oasis, hobbyists or gardeners craving room to pursue their interests, or buyers who see the underlying value in a large, mature lot with the option to renovate or reimagine the existing home over time. The property’s high assessment value ranking suggests it is seen as a premium holding in its area.
Frequently Asked Questions
1. How does the age of the home (55 years) impact this purchase?
While the building is mature, its systems and structure should be thoroughly inspected. The value proposition here is heavily weighted toward the land. A buyer should be prepared for the maintenance typical of a home of this era, balanced against the unique and irreplaceable lot.
2. The living space seems smaller compared to the lot size. How does this affect livability?
This requires a lifestyle fit. The home provides adequate enclosed space, but the true "living area" extends outdoors to the pool and vast yard. It may not suit those wanting extensive indoor square footage, but perfectly fits those who envision much of their time spent outside in a private setting.
3. What are the ongoing responsibilities and costs associated with the pool?
Beyond initial safety checks and equipment condition, factor in seasonal opening/closing, regular chemical maintenance, cleaning, and increased utility (water, potentially gas/electric for heating). It's a prized amenity but a committed one in our climate.
4. The property ranks very high for land value but lower for living area. What does this mean?
This data underscores the property’s composition: the land is its primary asset. It indicates you are investing significantly in location and space, with the existing house representing a portion of the total value. This can be appealing for a long-term hold or future improvement project.
5. Who is the most likely buyer for this specific property?
The most likely buyer values space and privacy above all. This includes growing families wanting a safe, expansive play area; entertainers who host gatherings centered around the pool and yard; or strategic buyers who recognize the long-term value of a large, serviced lot in the city, viewing the home itself as adaptable.