783 Buckingham Road

Property Overview: 783 Buckingham Road

Section 1: Key Characteristics & Appeal

This is a classic, well-situated one-storey home built in 1964, sitting on an exceptionally large, private lot of over 19,000 square feet in Winnipeg's Eric Coy neighbourhood. The home itself offers 1,440 sqft of living space with an unfinished basement, presenting a solid foundation. Its standout feature is the immense outdoor space, which is larger than 98% of properties in Winnipeg, offering rare potential for gardening, expansion, or simply enjoying extensive private grounds.

The appeal lies in a combination of established location and significant land value. It suits two primary types of buyers: those looking for a spacious, single-level living setup on a property with unparalleled room to grow, and visionaries or builders who see the underlying value in the land itself for future renovation or development. It's a property where the true asset is the lot, offering possibilities that are increasingly rare within the city.

Section 2: Frequently Asked Questions

1. What is the true draw of this property?
While the house is a comfortable bungalow, the primary advantage is the land. The lot size is a major differentiator, offering privacy and potential that is very difficult to find in the city.

2. Who would this property best suit?
It's ideal for buyers who prioritize outdoor space and privacy over a move-in-ready, modern interior. It would also be of interest to those with plans to customize or expand over time, given the ample room on the lot.

3. How does the property compare to others in the area?
The data shows it ranks highly for lot size (top 2% in Winnipeg) and assessed value (top 24%). This indicates the property is considered a premium holding in its category, even though the house itself is of average size and age for the neighbourhood.

4. What should I consider about the home's condition?
Being built in 1964 with an unfinished basement, buyers should budget for potential updates to major systems (like roof, plumbing, or electrical) and anticipate costs to finish the basement to their liking. It represents a solid shell with room for personalization.

5. What does the price history indicate?
The last sale was in 2016 for $395,000. The current assessed value is $458,000. This increase reflects general market movement and, more significantly, the growing premium placed on large urban lots. It underscores the enduring value of the land.