Property Overview: 688 Buckingham Road, Winnipeg
Section 1: Key Characteristics & Appeal
This is a substantial, well-established family home in the Eric Coy neighbourhood, built in 1965. Its primary appeal lies in its generous scale and significant lot size. With nearly 2,900 sqft of living space and a 19,076 sqft lot (over a third of an acre), it offers a rare combination of spacious interiors and extensive outdoor privacy within the city. The home features a finished basement and an attached garage.
The property’s competitive rankings are noteworthy: it sits in the top tier for lot size, living area, and assessed value not just in its immediate area, but across all of Winnipeg. This suggests a property that is both a standout in its local market and a considerable asset in the broader city context. It would best suit buyers looking for a long-term family home with room to grow, who value space and established neighbourhoods over new construction. It’s a property for those who see the value in a home that has already appreciated significantly and offers a solid foundation, both literally and in terms of its market position.
Section 2: Frequently Asked Questions
1. What does the high ranking for "Assessed Value" mean?
It indicates the municipal property assessment is higher than 95% of Winnipeg homes, reflecting the city’s official valuation of its lot size, living space, and overall profile compared to others. This is a key metric for understanding its tax base and perceived market position.
2. The home is 61 years old. What should I consider?
While the structure is solid and the space is generous, a home of this age will likely have had various updates over the decades. A thorough inspection is essential to understand the condition of major systems (roof, plumbing, electrical, foundation) and to distinguish between original features and renovations.
3. Who is the typical buyer for a property like this?
This home appeals to families or multi-generational households needing significant indoor and outdoor space. It’s also attractive to value-driven buyers who prioritize land size and square footage over a modern, turn-key finish, and are prepared to undertake updates to personalize it.
4. What are the pros and cons of such a large lot?
The pros are immense privacy, space for gardens, play, or expansion. The cons include higher maintenance (lawn care, landscaping) and potentially higher property taxes relative to homes on standard lots. It offers opportunity but also ongoing responsibility.
5. The build year ranking is lower than others. Is that a concern?
Not necessarily. The rankings show it’s newer than 43% of Winnipeg homes but is in the older segment within its own community. This is common for established, desirable neighbourhoods. The appeal here is the mature setting and the size of the home and lot, which often correlate with older construction in such areas.