Property Overview: 838 Buckingham Road, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home on an exceptionally large, quiet lot in the Eric Coy neighborhood. Built in 1961, the 1,340 sqft residence features a finished basement and a detached garage. Its primary appeal lies in its generous 9,743 sqft land parcel, which offers significant privacy and space for gardens, recreation, or future expansion—a rarity within the city. The property presents a solid value proposition, with an assessed value ranking in the top 17% city-wide, suggesting strong underlying equity.
The home would suit practical buyers looking for a long-term foundation. It’s ideal for those who prioritize land size over a modern build, such as families seeking backyard space, hobbyists, or owners planning a future renovation or addition. Its above-average city rankings for lot size and assessed value indicate a property with enduring, tangible assets, appealing to the patient buyer who sees potential in both the structure and the substantial ground it sits on.
Frequently Asked Questions
1. What is the true advantage of such a large lot?
Beyond space, it offers long-term flexibility. You have room for additions like a workshop, extensive landscaping, or a play area while maintaining distance from neighbors. It also represents a future-minded asset, as large lots in established areas are increasingly scarce.
2. The home is older; what should I budget for?
While systems and the roof may have been updated, budgeting for ongoing maintenance consistent with a 65-year-old home is prudent. The finished basement should be checked for proper moisture proofing and compliance with current building standards.
3. How does the "split" or detached garage affect usability?
It provides separate storage or workspace but requires going outdoors to access your vehicle. This is a consideration for Winnipeg winters, though it often allows for more flexible yard layout and potential driveway expansion.
4. The community ranking seems moderate; what does that mean?
Rankings are relative metrics based on specific data points like size and age. A mid-range community ranking here suggests a mixed, unpretentious neighborhood of older homes, which can be an opportunity to secure a larger property at a more accessible price point than in top-ranked areas.
5. Why is the assessed value ranking significantly higher than others?
This often reflects the combined value of the land and improvements. The high assessment ranking likely underscores the premium value placed on the very large lot size and the solid condition of the property relative to a wide array of homes across Winnipeg.