Property Overview: 713 Buckingham Road, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, well-maintained one-storey home built in 1963, situated on a truly exceptional lot. Its primary appeal lies in its expansive, nearly half-acre land parcel (19,033 sqft), which is a rare find within the city and places it in the top 2% of all Winnipeg properties for lot size. The house itself offers a comfortable 1,566 sqft of living space, larger than about 75% of Winnipeg homes. It features a full, unfinished basement, presenting a clear opportunity for future customization or expansion.
The property suits two main types of buyers. First, it’s ideal for those seeking space and privacy—gardeners, hobbyists, or families wanting ample outdoor room—who are willing to take on a home of vintage character that may require updates. Second, it appeals to value-conscious buyers or long-term investors who recognize the irreplaceable value of the land itself. The home’s condition and finishes are typical of its era, meaning its greatest potential lies in the future; it’s a property where the land holds as much value as the structure. A less obvious perspective is its ranking data: while the lot is elite, the assessed value is modest relative to the community, suggesting it may be an undervalued entry point into a well-established neighborhood.
Section 2: Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in its community, and across all of Winnipeg. For example, being in the top 2% for lot size city-wide highlights its most standout feature, while other rankings give context for its age, size, and assessed value relative to immediate neighbors.
2. Is the unfinished basement a drawback?
Not necessarily. While it requires an investment to finish, it offers a blank slate for creating additional living space, a rental suite (subject to zoning), or ample storage without the cost of removing old finishes. It’s a project, but also potential.
3. Who would this property not suit?
It may not suit buyers seeking a modern, move-in-ready home without any projects, or those who do not want to utilize or maintain a large yard. The lack of a garage may also be a consideration for some.
4. How significant is the 1963 build year?
Homes from this era are typically solidly built but will have aging components (like original windows, plumbing, or electrical) that may need attention or updating. The interior layout may also reflect older styles, offering an opportunity to renovate to modern open-concept living.
5. Why is the assessed value lower than some community comparisons?
The assessed value is for taxation purposes and considers the home’s age, condition, and features. The relatively lower ranking here (top 34% in Winnipeg) likely reflects the home’s vintage state compared to updated homes on smaller lots. This can represent a buying opportunity where the market value of the land isn't fully reflected in the tax assessment.