Property Overview: 624 Buckingham Road, Winnipeg

Key Characteristics & Appeal

This is a distinctive, single-story family home in the Eric Coy neighbourhood, built in 1982. Its most defining feature is the exceptionally large, private lot of approximately 18,816 square feet, which ranks in the top 2% for size across all of Winnipeg. The property includes a swimming pool and a finished basement, with a total living area of 1,692 sq ft. While the home itself is well-sized and ranks above average, the true standout is the land. The assessed value of $620,000 places it in the top 10% of its street and top 6% city-wide, indicating its premium positioning is largely land-value driven.

The appeal lies in a rare combination of space, privacy, and recreational amenities within the city. It suits buyers who prioritize expansive outdoor living—for gardening, play, or entertaining—over a brand-new or architecturally modern home. It’s an ideal match for a family seeking a established, low-profile home with a resort-like backyard oasis, or for someone valuing long-term investment in a substantial parcel of land, which is increasingly scarce in urban settings. A less obvious perspective is that the high land-to-structure ratio offers significant future potential, whether for expansions, renovations, or simply holding as a legacy asset.

Frequently Asked Questions

1. What is the condition of the home given its age?
The home was built in 1982. While specific details on recent updates would require an inspection, its assessment ranking suggests it is well-maintained. Prospective buyers should plan for a thorough inspection to understand the condition of major systems like the roof, plumbing, and electrical, which are typical considerations for a home of this vintage.

2. Are there any additional costs associated with the pool?
Yes, an in-ground pool involves ongoing maintenance costs for chemicals, cleaning, and utilities to run the pump and heater. It also requires insurance coverage and may impact annual property taxes. Budgeting for seasonal opening/closing services is also advisable.

3. How does the "split garage" function?
A split garage typically refers to a two-car garage with separate doors, or possibly a configuration where the garage is divided. This can offer more flexible storage or workspace. Clarifying the exact layout and dimensions with the listing agent is recommended.

4. What is the neighbourhood like for families?
Eric Coy is a mature, established community. The property’s rankings show it sits on a street and in a neighbourhood with a mix of home values and ages, suggesting a stable, varied area. Its high rankings for lot size and value within the community indicate it is among the more private and spacious properties in the zone.

5. Why is the assessed value significantly higher than many surrounding homes?
The assessment reflects the property’s extraordinary lot size, which is a major value driver, along with features like the pool and finished basement. Assessments are based on market value and comparable sales, so this suggests the combination of land and amenities places it in a premium category compared to standard lots in Winnipeg.