654 Buckingham Road

Property Summary: 654 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. Its primary appeal lies in the rare combination of a spacious, nearly half-acre property (over 19,000 sq ft) within the city, offering immense privacy and potential for gardening, expansion, or recreation. The home itself features a practical layout with a finished basement and a versatile garage setup (attached + detached). While the house was built in 1961 and its living space is modest relative to the lot size, it ranks highly for its lot size and assessed value within Winnipeg, indicating a solid and desirable property foundation.

It would best suit a buyer who values land over sheer interior square footage—someone looking for a peaceful, private retreat with room to grow, whether that means future renovations, adding a workshop, or simply enjoying expansive green space. It’s also a strong candidate for those interested in long-term value, as such large urban lots are increasingly scarce. The rankings suggest it’s a property that outperforms most of the market in key metrics like lot size and assessment, appealing to pragmatic buyers who see the underlying asset value.

Frequently Asked Questions

1. What does the high ranking for "lot size" actually mean?
It means this property's land area of 19,058 sq ft is larger than 98% of all residential properties in Winnipeg, making it a truly exceptional and rare find in the city.

2. The house was built in 1961. What should I consider?
While the structure is solid and has been maintained, a home of this age will likely have original or older major systems (like plumbing, electrical, and the roof). A thorough inspection is essential to understand the condition and plan for any updates, which can be an opportunity to customize.

3. How does the "finished basement" factor into the living space?
The listed living area of 1,448 sq ft is for the above-grade main floor. The finished basement provides additional usable space, but it is not typically included in the official square footage calculation, so the home offers more functional room than the number suggests.

4. What are the advantages of having both an attached and a detached garage?
This setup offers excellent flexibility. The attached garage provides convenient, direct access to the home. The detached garage can serve as a dedicated workshop, studio, or secure storage for vehicles, tools, or hobbies, reducing clutter in the main garage.

5. The assessment value seems high relative to the home's age and size. Why?
Municipal assessments are based heavily on property value, which includes the land. The exceptionally high assessment ranking (top 15% in Winnipeg) reflects the tremendous value of the large lot itself in a city where such spacious parcels are uncommon.