Property Summary: 825 Buckingham Road, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in the Eric Coy neighbourhood, built in 1970. Its most defining feature is the exceptionally large, private lot of over 19,000 square feet, which places it in the top 2% of all properties in Winnipeg for land size. The home itself offers 1,343 sqft of living space with a finished basement and an attached garage. While the house is of average size for its area, its true value lies in the land and its established setting. The property shows strong long-term investment metrics, ranking highly for its assessed value relative to the wider city.
Its appeal is rooted in space, privacy, and potential. The vast yard is a rare find, suitable for extensive gardening, recreation, or future expansion. It suits buyers looking for a quiet, grounded home in a mature community, who prioritize outdoor space over a brand-new build. It would particularly fit growing families seeking room to play, downsizers wanting a manageable single-level home with a magnificent garden, or value-oriented investors attracted by the lot's standout size and the home's solid foundational rankings.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in its immediate street, neighbourhood, and all of Winnipeg. For example, ranking in the top 2% for land size city-wide confirms the lot is exceptionally large. The data helps gauge relative value and standout features at a glance.
2. Is the house outdated?
Built in 1970, the home is over 50 years old. While it has a finished basement, buyers should anticipate maintenance consistent with its age and consider updates to interior finishes. Its "middle-of-the-road" ranking for age in the community suggests it fits the norm for the area.
3. Who would this property not suit?
It may not suit those seeking a modern, turn-key home or a low-maintenance lifestyle, as a large lot requires upkeep. Buyers prioritizing immediate walkability to trendy amenities or a brand-new interior may also find it less aligned with their goals.
4. Why is the assessed value higher than the average for Winnipeg?
The assessment reflects the property's overall package, where the premium lot size is a significant factor. Ranking in the top 20% city-wide for assessed value indicates official recognition of its above-average worth, even with an average-sized home.
5. What are the less obvious things to consider?
Consider the microclimate of a large, mature lot—shade patterns, tree maintenance, and heating/cooling implications for a single-storey home. Also, the high land-to-building ratio means a significant portion of your investment and property taxes are tied to the land itself, not the structure.