Property Overview: 606 Buckingham Road, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-situated, single-storey home in the Eric Coy neighbourhood, built in 1967. Its primary appeal lies in its exceptional land size—a rare 19,067 sqft lot that places it in the top 2% of all properties in Winnipeg for sheer space. This expansive, private yard offers tremendous potential for gardening, recreation, or future expansion. The home itself features 1,344 sqft of living space with a finished basement and an attached garage, presenting a practical and comfortable layout.

The property suits two distinct types of buyers. First, it’s ideal for those seeking a long-term family home with ample outdoor space in a mature community, where the land itself is a valuable and appreciating asset. Second, it appeals to visionaries or builders who recognize the lot’s potential for redevelopment or significant renovation, given its size and location. A thoughtful perspective is that while the house is of average size for the area, the land ownership is far above average, offering a unique opportunity to own a piece of property that is increasingly scarce in the city.

Section 2: Frequently Asked Questions

1. What is the true value proposition here?
The value is heavily weighted toward the land. You are purchasing a sizable, prime lot in a established neighbourhood, with a liveable home included. Future potential is a key component of its worth.

2. Is the house in good condition for its age?
As a 1967 build, prospective buyers should budget for a thorough inspection. The systems, roof, and windows may be at or beyond their typical lifespan, representing both a consideration and an opportunity to customize updates.

3. How does the assessed value relate to the asking price?
The municipal assessment is $309,000, which is below the average for its immediate street and community. This may indicate the assessment hasn’t fully captured the premium value of the lot, or it may reflect the home’s condition. It’s a starting point for market evaluation, not a direct determinant of sale price.

4. What can the massive lot be used for?
Beyond a large garden or private yard, the lot size may allow for additions like a substantial workshop, a pool, or even subdivision (subject to stringent city zoning and approval processes). Its size is its most flexible feature.

5. What are the rankings shown, and why are they important?
The rankings compare this property to others on its street, in Eric Coy, and across Winnipeg for metrics like lot size, age, and living area. They objectively show that this property’s lot size is its standout competitive advantage, while other features are more typical for the mature neighbourhood.