Property Summary: 714 Buckingham Road, Winnipeg
Key Characteristics & Buyer Appeal
This is a classic, well-maintained one-storey home built in 1965, situated on an exceptionally large lot of over 25,000 square feet—a rare find within the city. Its primary appeal lies in this generous, private outdoor space, offering immense potential for gardening, recreation, or future expansion. The home itself features a finished basement and an attached garage, providing practical living space.
The property’s standout rankings highlight its unique position: its lot size places it in the top 1% of all Winnipeg properties, while its overall assessed value ranks within the top 30%. This suggests a solid value proposition centered on land ownership. It would perfectly suit buyers prioritizing space and privacy over a large interior footprint, such as downsizers seeking a manageable single-level home with room for hobbies, or families looking for a blank-canvas yard in a mature neighborhood. A thoughtful perspective is that this property offers a balance of a modest, maintainable house with the luxury of land—a combination increasingly difficult to find, appealing to those who see long-term value in the soil itself.
Frequently Asked Questions
1. How does the home’s age and size affect its value?
While the 1,169 sqft living area is modest compared to newer homes, the property’s value is significantly driven by its massive lot. The rankings indicate you are purchasing primarily for the land, with a solid, functional house included.
2. What does the "finished basement" entail?
The listing confirms a finished basement but does not specify the extent or quality. This would be a key point for inspection to understand the added living space and ensure it meets your needs and standards.
3. Is the large lot a benefit or a burden?
It’s a major benefit for privacy and potential use, but buyers should consider the ongoing maintenance (lawn care, landscaping) and associated costs, which will be greater than for a standard city lot.
4. Why is the assessment value ranking higher than the size/age rankings?
This indicates that assessors attribute significant value to the land itself and likely the home’s condition. The lot’s rarity and desirability elevate the total property value beyond what the house’s metrics alone would suggest.
5. Who would this property not suit?
It may not suit buyers seeking a modern, turn-key home with extensive interior square footage or those unwilling to manage a large property. It’s ideal for those who view the land as the primary asset.