Property Overview: 818 Buckingham Road
Key Characteristics, Appeal & Ideal Buyer
This property is defined by its exceptionally large, nearly half-acre lot (19,104 sqft), which places it in the top 2% of all Winnipeg properties for land size. The home itself is a modest, one-storey 1,092 sqft bungalow built in 1961, featuring a finished basement and a detached garage. Its primary appeal lies not in the house, but in the rare scale and potential of its land within the city. The lot offers immense space for expansion, gardening, recreation, or future redevelopment, presenting a canvas for the right owner.
It ranks highly for land value but lower for the size and modernity of the dwelling, indicating a property where the land is the core asset. This home would perfectly suit a buyer looking for a solid starter home with unparalleled outdoor space, a hands-on owner interested in a long-term renovation and expansion project, or an investor who recognizes the underlying value of the large parcel in a mature neighbourhood.
Frequently Asked Questions
1. Is the large lot actually usable, or is it an odd shape?
While the listing doesn't specify the exact dimensions, a lot of this size in a mature neighbourhood is typically a standard rectangle, offering functional backyard space far beyond the norm and not just a narrow strip of land.
2. The house seems small relative to the lot. What would be involved in adding an addition?
Given the ample space, a significant addition or even a new build is physically possible. Buyers should immediately investigate Eric Coy's zoning bylaws, setback requirements, and any potential restrictive covenants to understand the full scope of what is permissible.
3. How does the 1961 construction date impact maintenance?
Prospective buyers should budget for and prioritize inspections of major aging systems, including the roof, foundation, plumbing, and electrical, which may be original or nearing the end of their service life.
4. The rankings show high land value but lower scores for the house. What does this mean for property taxes?
The assessment is weighted heavily toward the land value. While taxes are based on the total assessment, any future significant improvement to the house itself (like a large addition) would likely trigger a substantial reassessment and tax increase.
5. What is the realistic buyer competition for a property like this?
It likely attracts two distinct groups: families or individuals seeking space over square footage, and developers or builders looking for land with redevelopment potential. The final sale price will hinge on which group sees greater value.