Property Overview & Key Characteristics
This 1966 one-storey bungalow at 833 Buckingham Road offers a rare combination of generous land and solid value in Winnipeg. Its primary appeal lies in its exceptionally large, nearly half-acre lot (19,033 sqft), which places it in the top 2% of all properties in the city for land size. The home itself features 1,245 sqft of living space, a finished basement, and an attached garage. While the house is of average size for its neighborhood, the true value proposition is the immense outdoor space, which provides unparalleled privacy and potential for expansion, gardening, or recreation. The property’s overall assessment value ranks within the top 30% citywide, suggesting strong underlying value for the lot.
This home would best suit a buyer who prioritizes land over a large or modern footprint. It’s ideal for those seeking a quiet retreat with room to grow, such as families wanting a large backyard, hobbyists or gardeners, or long-term buyers who see the potential to eventually expand or redevelop the existing structure. It’s a property for a pragmatic buyer who understands that the appeal here is the canvas—the substantial lot—more than the vintage of the current brushstrokes.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in the Eric Coy neighborhood, and across all of Winnipeg. For example, being in the top 2% for lot size in Winnipeg highlights just how rare and sizable this parcel of land is.
2. Is the house in need of major updates?
Built in 1966, the home is 60 years old. Buyers should budget for updates consistent with a house of this age. The finished basement and recent assessment value are positive signs, but a thorough inspection is recommended to prioritize any necessary modernizations.
3. What are the real advantages of such a large lot?
Beyond privacy and space, a lot of this scale offers flexibility that is almost impossible to find in newer subdivisions. It allows for future additions like a workshop, extensive landscaping, a pool, or even subdivision potential, subject to city zoning regulations.
4. How does the property’s value break down?
Given that the land value significantly outranks the living area rankings, a substantial portion of the property’s assessed value is tied to the lot itself. This is a key point for valuation and future investment.
5. What is the neighborhood like?
Eric Coy is an established, mature neighborhood. The rankings show this property is above average in lot size and value within the community, suggesting it’s a well-regarded area with a mix of long-term residents and redevelopment opportunities on larger lots like this one.