Property Overview: 695 Buckingham Road
Key Characteristics & Appeal
This is a distinctive, one-storey family home in Winnipeg's Eric Coy neighborhood, built in 1964. Its primary appeal lies in its exceptional land size and generous living space. Sitting on a massive, nearly half-acre lot (over 19,000 sqft), the property offers rare privacy and outdoor potential for the area, further enhanced by a private swimming pool. The home itself, at over 2,000 sqft of living space, is significantly larger than most in Winnipeg, ranking in the top 8% city-wide for size.
The appeal is multifaceted: it's a spacious, single-level living layout on a private, resort-like lot with a pool. It would perfectly suit buyers looking for a "forever home" with room to grow, entertain, or simply enjoy private outdoor living without leaving the city. It’s also a compelling option for multi-generational families or those who value single-storey convenience. A less obvious perspective is its value as a "blank canvas" property—the large, flat lot and solidly built home from the 1960s present a unique opportunity for significant renovation or expansion to create a truly custom estate, something very difficult to find on standard urban lots.
Frequently Asked Questions
1. What is the condition of a home built in 1964?
While the home offers excellent space and a fantastic lot, prospective buyers should budget for updates consistent with its age. A thorough inspection is essential to understand the state of major systems like plumbing, electrical, and the roof, as well as the pool equipment.
2. How usable is such a large lot throughout Winnipeg's seasons?
The nearly half-acre lot provides fantastic summer potential with the pool and ample space for gardens or recreation. For winter, it means significant snow clearing responsibilities for the driveway and walkways, which should be factored into maintenance planning.
3. What are the annual costs associated with the swimming pool?
Beyond initial maintenance, operating an in-ground pool involves recurring costs for seasonal opening/closing, chemicals, water, increased electricity for pumping/filtration, and insurance. These can amount to several thousand dollars annually.
4. Why is the assessed value a consideration?
The current assessment of $515,000 provides a benchmark for municipal property taxes. Buyers should note that the eventual sale price may differ, but the assessment gives a grounded starting point for estimating annual tax obligations.
5. Who might this home not suit?
This property is likely not ideal for first-time buyers or those seeking a low-maintenance, lock-and-leave lifestyle. The size of the home and extensive grounds require considerable upkeep, and the older home may need more hands-on attention than a new build.