Property Overview
This well-situated one-storey home at 797 Buckingham Road in Winnipeg's Eric Coy neighbourhood presents a compelling blend of modern convenience and long-term value. Built in 2018, it is a notably newer construction compared to most homes in the area. The home features 1,417 sqft of living space, an attached garage, and a renovated basement. Its standout characteristic is the large 11,207 sqft lot, which offers significant outdoor space—a rarity in newer builds and a major asset within the wider city context. The property's assessed value ranks well above average for its street and neighbourhood, indicating strong perceived value.
The appeal lies in its move-in-ready, low-maintenance nature due to its recent build, combined with the generous, private yard—a rare pairing. It suits first-time buyers or downsizers seeking a modern, single-level layout without sacrificing outdoor space. It also appeals to value-conscious buyers who recognize the long-term advantage of a newer roof, furnace, and major systems, paired with a lot size that provides future flexibility for gardens, play areas, or expansion.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
While the lot is smaller than the average on Buckingham Road itself, it is significantly larger than the typical Winnipeg city lot. This means you get more private outdoor space than most newer homes in the city, though it may be modest compared to some older neighbouring properties.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent, as it could range from a finished rec room to a fully developed living space with bedrooms.
3. The home sold in 2019 for $520k. What does that mean for today's value?
The 2019 sale price is a historical data point. The current assessed value of $64.40k (for taxation purposes) is not a market price but suggests the property is held in high regard relative to its neighbours. Market value will be determined by current conditions, recent comparable sales, and the home's present state.
4. Is the property a good investment compared to the neighbourhood?
The data suggests it is. With an assessed value in the top 7% on its street and top 6% in Eric Coy, its value proposition is strong relative to the area. Its newer age also suggests lower immediate capital expenditures, which is a financial advantage.
5. Who might this property not suit?
Buyers seeking a very large interior footprint may find the living area modest compared to some older bungalows. Additionally, those who prioritize a vast, sprawling yard above all else may find larger lots elsewhere on the street, though often with much older homes attached.