Property Summary: 689 Buckingham Road, Winnipeg
Section 1: Key Characteristics & Appeal
This property is defined by its exceptionally large, nearly half-acre lot (19,033 sqft), which is its most significant feature, placing it in the top 2% of all Winnipeg properties by land size. The home itself is a 1963-built, 1,288 sqft one-storey bungalow with a finished basement and a detached garage. Its appeal lies in the rare opportunity for space and privacy within the city, offering a canvas for gardening, recreation, or future expansion. The lot size dramatically outperforms its modest house size and age in the market rankings.
It would perfectly suit buyers who prioritize land over a turnkey modern home. This includes hands-on owners looking to customize or potentially build anew, families desiring extensive outdoor space, or those seeking a property where the land itself represents the core long-term value. It’s a property for a buyer who sees the existing house as functional but views the lot as the primary asset.
Section 2: Frequently Asked Questions
1. What does the "top 2% in Winnipeg" ranking for land actually mean?
It means this property's lot is larger than 98% of the residential properties used in the comparison across Winnipeg, highlighting an unusually spacious parcel for the city.
2. The house is older and average-sized. Is the price justified by the land?
The assessed value reflects the total property. In such cases, the land value often constitutes a larger portion of the total price than the building value, which is typical for older homes on premium lots.
3. What are the implications of such a large lot for a buyer?
Beyond privacy and space, it means higher potential landscaping or maintenance costs, but also greater flexibility for additions like a workshop, large garden, or even a future secondary dwelling, subject to zoning.
4. The rankings for the house's age and size are lower in the community. Is that a concern?
Not necessarily. It indicates the immediate neighborhood may have newer or larger homes, but this property compensates with its vastly superior lot size, offering a different type of value.
5. Is the finished basement included in the 1,288 sqft living area?
Typically, the listed "living area" (1,288 sqft) refers to above-grade, heated space. The finished basement would provide additional living area not reflected in that main square footage figure.