Property Summary: 619 Buckingham Road
Key Characteristics & Appeal
This 4-level split home, built in 1962, is situated on a remarkably large, nearly half-acre lot (19,050 sqft), which is its most defining and competitive feature. With 1,638 sqft of living space, an unfinished basement, and a detached garage, the property offers solid fundamentals. Its appeal lies in the rare combination of a generous, blank-canvas yard within the city and a home that presents a clear value proposition relative to its assessed value. The lot size ranks in the top 2% across Winnipeg, offering exceptional outdoor potential for gardening, recreation, or future expansion.
The home would suit practical buyers who prioritize land over turn-key luxury. It’s ideal for those with a vision for outdoor space—families seeking room for children and pets, hobbyists, or anyone valuing privacy and greenery. It also appeals to value-oriented buyers or those comfortable with gradual updates, as the unfinished basement and older home features offer opportunities to customize without paying a premium for recently renovated finishes. A less obvious perspective is its potential for multi-generational living or creating a separate workshop/studio space, given the lot size and split-level layout.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The property’s lot is larger than 98% of all residential lots in Winnipeg, placing it in the top 2%. This indicates an unusually large and private yard for the city, a significant long-term asset.
2. Is the unfinished basement a drawback or an opportunity?
It depends on the buyer’s goals. It adds no finished living space to the current square footage, but it provides ample storage and the potential to add customized living space, a rental suite, or a recreational room according to your needs and budget.
3. The home was built in 1962. What should I consider?
While the structure has proven durable, buyers should budget for standard maintenance and potential updates common to homes of this era, such as roofing, windows, or mechanical systems. A thorough inspection is advised to understand its condition.
4. Who might this property not suit?
Buyers seeking a modern, low-maintenance, or immediately updated home throughout may find the unfinished spaces and older elements less appealing. It’s best for those who see potential in the land and are prepared for a home that may require personalization.
5. How does the assessed value relate to the asking price?
The assessed value of $419,000 is a municipal valuation for tax purposes. The asking price is set by the market. The fact that the assessment ranks in the top 31% citywide suggests the municipality sees solid value here, but the final sale price will be determined by current buyer demand for its unique lot and characteristics.