Property Overview: 814 Buckingham Road, Winnipeg
Key Characteristics & Appeal
This 1962-built, four-level split home sits on a notably large, mature lot of over 19,000 sqft, placing it in the top tier of properties in Winnipeg for land size. With 1,338 sqft of living space and a finished basement, it offers a practical layout for family living. Its primary appeal lies in the exceptional outdoor space and established neighborhood setting, offering a rare sense of privacy and room to grow within the city. The home’s value is further anchored by its very competitive position in terms of lot size, outperforming 98% of Winnipeg properties in that key metric.
While the structure itself is of a classic, functional design from the early 1960s, the true draw is for buyers who prioritize land over a turnkey modern interior. It would suit a practical buyer, a growing family seeking space for children and pets to play, or a homeowner with a vision for gardening, landscaping, or future expansion. The large lot also presents a long-term advantage, as such generous parcels are increasingly uncommon in established areas.
Frequently Asked Questions
1. What does the "four-level split" layout mean?
This design typically features short flights of stairs separating living areas, creating distinct zones. It often places the main living room and kitchen on one level, with bedrooms on another, and a family room or den in the lower split. It's a functional layout that can help separate living and sleeping areas.
2. The house was built in 1962. What should I be aware of?
As with any home of this age, a thorough inspection is essential. Key systems like the roof, plumbing, electrical, and foundation should be evaluated for their current condition and any needed updates. The original charm comes with the responsibility of proactive maintenance.
3. How does such a large lot impact maintenance and costs?
The expansive yard offers great potential but requires more time or investment for lawn care, gardening, and landscaping. It's a benefit for those who enjoy outdoor projects, but a consideration for those seeking a low-maintenance property.
4. The assessed value is noted as lower than many in the area. Why?
Property assessments are for tax purposes and are based on mass appraisal models, often placing significant weight on the home's size, age, and basic features. The market value for a unique property like this, with its exceptionally large lot, is often determined more by what buyers are willing to pay for that specific land advantage.
5. What are the advantages of a finished basement?
It provides additional, versatile living space that can be used as a recreation room, home office, or guest area. It effectively increases the usable square footage of the home beyond the main living area figure. Ensure you understand the quality and compliance of the finish work.