Property Overview
This 3-level split home at 655 Buckingham Road in Winnipeg's Eric Coy neighborhood offers a unique proposition centered on land and value. Built in 1962, its key characteristic is an exceptionally large, approximately 19,000 sqft lot, placing it in the top 2% of properties by land size in Winnipeg. The 1,350 sqft home features a finished basement and a detached garage.
Its primary appeal lies in the rare opportunity for a private, park-like yard within the city—a canvas for gardening, recreation, or future expansion. While the home itself ranks moderately in size and age for its area, the property's overall assessed value ranks in the top 25% citywide, suggesting the land is a significant driver. It suits buyers prioritizing outdoor space over a modern, turn-key home, including families seeking room to play, hobbyists, or those with long-term renovation or redevelopment visions. The recent sale history indicates steady appreciation, appealing to value-conscious buyers willing to invest sweat equity into a property with a solid foundation and exceptional grounds.
Frequently Asked Questions
Q: How does such a large lot impact maintenance and costs?
A: It offers tremendous private space but requires more time or investment for lawn care, landscaping, and snow clearing. Property taxes are likely influenced by the lot's value, but you gain unparalleled privacy and potential not found in typical suburban yards.
Q: What does the "3-level split" layout mean for daily living?
A: This style often features staggered half-levels, creating defined zones and potentially better noise separation between living and sleeping areas. However, it involves more stairs, which is a consideration for mobility or young children.
Q: The home's rankings for size and age are average; is that a concern?
A: Not necessarily. The rankings contextualize the house structure within its market. The overall property value ranks highly, indicating the complete package—house plus its premier lot—is the compelling asset. It's a property where the land may be the leading value driver.
Q: Are there any insights from the recent sale history?
A: The property sold for $410,000 in 2020 and $362,000 in 2017. This shows notable appreciation over three years, a trend that may interest buyers. It's advisable to have a realtor investigate the reasons for the 2020 sale to understand the recent market context.
Q: What is the neighborhood (Eric Coy) like?
A: Eric Coy is an established, mature neighborhood. The property ranks in the top 36% for lot size within the community, meaning it has one of the larger parcels, offering a sense of space that may be uncommon even among its immediate neighbors.