821 Buckingham Road

Property Overview: 821 Buckingham Road, Winnipeg

Key Characteristics & Appeal

This is a substantial, well-established property in Winnipeg's Eric Coy neighborhood, built in 1961. Its primary appeal lies in its exceptional land size—over 19,000 square feet—which places it in the top 2% of all properties in Winnipeg for lot size. The home itself is a 1,628 sqft two-storey with a finished basement and a combined attached/detached garage setup. While the house is of a comfortable size, ranking above average locally, the standout feature is clearly the expansive, private lot, offering rare potential for gardening, recreation, or future expansion.

The property suits buyers looking for space and privacy within the city, prioritizing land over a brand-new home. It’s ideal for those who value outdoor room for children, pets, or hobbies, and for buyers with a vision to update or extend a solid, older home on a premier lot. A thoughtful perspective is that this property represents a long-term play; the value is heavily anchored in the irreplaceable land, offering a hedge against newer homes on smaller, standard lots. It would also appeal to multi-generational families or those wanting separate workshop/studio space, given the garage configuration and basement layout.

Frequently Asked Questions

1. What is the true significance of the lot size rankings?
Being in the top 2% in Winnipeg for lot size is a major differentiator. It means you are getting a property asset that is increasingly rare, offering a level of privacy and outdoor utility that is very difficult to find in the city.

2. The house was built in 1961. What should I consider?
While the structure is solid, a home of this age will likely require updates to mechanical systems (like plumbing and electrical) and windows. The value here is in the land and the core structure, with the understanding that modernizations may be part of the ownership journey.

3. How does the "finished basement" factor in?
A finished basement in a 1960s home typically adds valuable flexible living space, but it's important to verify the quality of the finish, ceiling height, and ensure it meets current moisture control standards.

4. What does the combined attached/detached garage offer?
This flexible setup is a significant practical benefit. It allows for convenient vehicle storage while providing separate space for a workshop, home business, or extra storage—a feature that aligns perfectly with the property's spacious, hands-on character.

5. The assessment value is $467,000. How should I interpret this?
The assessment is a municipal valuation for tax purposes and is a data point. Notably, it ranks higher in value than over 77% of Winnipeg homes, reflecting the significant worth placed on the large lot. The final market price will be determined by current demand for such a unique land-heavy property.