Property Summary: 521 Buckingham Road, Winnipeg
Section 1: Key Characteristics & Appeal
This property is defined by its exceptionally large, nearly half-acre lot (19,044 sqft), which is its most significant feature, placing it in the top 2% of all Winnipeg properties for land size. The home itself is a 1,420 sqft, single-storey bungalow built in 1955, featuring a finished basement and an attached garage. While the house is of average size for its area and is an older build, its assessed value ranks highly, suggesting solid underlying value.
The primary appeal lies in the rare opportunity for space and privacy within the city. The vast yard offers immense potential for gardening, recreation, expansion, or simply enjoying generous green space. It perfectly suits buyers who prioritize land over a modern or large house—such as families seeking room for children and pets, multi-generational households considering a future addition, or downsizers who want a manageable home with a spectacular, private outdoor retreat. A thoughtful perspective is that this lot represents a long-term asset; the house can be renovated or eventually replaced, but the expansive land in a established neighborhood is irreplaceable.
Section 2: Frequently Asked Questions
1. What does the "ranking" data mean?
The rankings compare this property against others on its street, in the Eric Coy neighborhood, and across all of Winnipeg. For example, its land size surpasses 98% of Winnipeg homes, making it exceptionally large, while the building's age is older than about 69% of city homes.
2. Is the house in need of major updates?
Given its 1955 construction, buyers should budget for updates consistent with a home of this era. The systems (plumbing, electrical, roof) and interior finishes likely require evaluation to align with modern standards and personal taste.
3. How does the finished basement add value?
It provides additional liveable space, which is a functional asset. However, the finish quality and compliance with current codes should be verified, as older renovations may not meet today's expectations.
4. What are the implications of such a large lot?
While offering great privacy and potential, a lot of this size also means higher maintenance (like lawn care and snow clearing) and potentially higher property taxes relative to houses on standard lots. It's both a luxury and a responsibility.
5. Who is this property not ideally suited for?
It may not suit those seeking a modern, low-maintenance "turn-key" home or buyers who do not wish to utilize or manage a large outdoor space. The value here is land-centric, so if outdoor space isn't a priority, the older home on its own may not justify the investment.