528 Buckingham Road

Property Overview: 528 Buckingham Road, Winnipeg

Key Characteristics & Appeal

This is a classic 1953 one-storey bungalow situated on an exceptionally large, mature lot of over 19,000 square feet in the Eric Coy neighbourhood. With 1,152 sqft of living space, a split garage, and no basement, the home presents a straightforward, single-level living layout. Its standout feature is the land itself—the property ranks in the top 2% of all Winnipeg for lot size, offering rare privacy and space for gardens, recreation, or future expansion in the city.

The appeal here is fundamentally rooted in potential and location. While the house itself is older and its assessed value is modest relative to the lot, it represents a prime opportunity for buyers looking for a large parcel in a well-established community. It would suit a hands-on buyer interested in a long-term property to renovate or rebuild to their taste, or someone who values expansive outdoor space over a large interior footprint. A less obvious perspective is the value of a no-basement design for those seeking accessibility or wanting to avoid the maintenance and moisture concerns common in older foundations. The rankings indicate a property that is average in terms of interior space and assessed value for its area, but truly exceptional for the amount of land it occupies.

Frequently Asked Questions

1. What does "no basement" mean for this property?
The home is built on a slab foundation, meaning there is no underground basement level. This can simplify maintenance and reduce flood risk but also limits storage and mechanical space.

2. How significant is a ~19,000 sqft lot in Winnipeg?
It is very significant. The data shows this lot size surpasses 98% of all properties in Winnipeg, placing it in the top 2%. This is considerably larger than a standard city lot and is a major defining feature of this property.

3. The house was built in 1953. What should I consider?
As a home from the 1950s, prospective buyers should budget for updates to major aging components like the roof, wiring, plumbing, and windows. A thorough inspection is essential to understand the condition and needed investments.

4. Who would this property suit best?
It is ideally suited for buyers whose priority is securing a large piece of land within the city. This could include those planning a custom build, wanting extensive gardens, or seeking a private outdoor space. It may be less suitable for buyers looking for a move-in-ready home with modern finishes and ample indoor square footage.

5. The assessment seems low for such a large lot. Why?
Municipal assessments typically reflect the current state and use of the property, not its potential. The assessment is likely weighted toward the older, modest-sized dwelling. The market value in a sale would more strongly reflect the premium for the rare lot size and redevelopment potential.