625 Buckingham Road

Property Summary: 625 Buckingham Road, Winnipeg

Key Characteristics & Appeal

This is a well-established, single-storey home on an exceptionally large, mature lot in the Eric Coy neighbourhood. Built in 1961, the 1,052 sqft residence features a finished basement and a detached garage. Its primary appeal lies in its land: at over 19,000 sqft, the property size is a rare find within the city, ranking in the top 2% of all Winnipeg lots. This offers immense potential for gardening, recreation, or future expansion.

The home suits two main types of buyers. First, it’s ideal for those seeking a long-term family home with ample outdoor space in a settled community, who are comfortable with a property of this age and may have plans to renovate or update over time. Second, it appeals to value-driven investors or builders who recognize the latent value in the land itself, viewing the existing house as a solid foundation with the lot offering significant redevelopment potential. A less obvious perspective is its appeal to multi-generational families; the large lot and single-level layout (with a finished basement) provide flexible space for separate living areas or additions.

Frequently Asked Questions

1. What does the lot size ranking actually mean?
The property’s lot size of 19,050 sqft is larger than 98% of all residential properties in Winnipeg, making it a truly oversized and uncommon urban parcel.

2. Is the house in move-in condition?
The listing confirms a finished basement but does not specify the condition of main floor finishes or systems. Given the home's age (65 years), buyers should budget for potential updates to mechanical systems, windows, or kitchens and bathrooms.

3. Why is the assessed value higher than the 2022 sale price?
The current municipal assessment is $379,000, while it last sold for $352,000 in July 2022. This difference can reflect market changes, assessment methodologies, or property improvements made since the last sale.

4. What is the neighbourhood like?
Eric Coy is a mature, established neighbourhood in Winnipeg. The property’s rankings show it is on a street and in a community with a mix of older and potentially newer homes, offering a stable residential setting.

5. Are there any restrictions on subdividing the large lot?
The listing does not provide this information. Any plans to subdivide would require thorough investigation with the City of Winnipeg’s planning department, as zoning bylaws, easements, and minimum lot size rules would apply.