534 Buckingham Road

Property Overview

This 1953-built, single-storey home on Buckingham Road is defined by its substantial, mature lot of over 19,000 sqft—a rare find that places it in the top 2% of Winnipeg for land size. With nearly 2,000 sqft of living space, a finished basement, and an attached garage, it offers practical, ground-level living. Its appeal lies in the exceptional outdoor space potential and the solid, established character of the Eric Coy neighbourhood. While the home itself is older, its generous proportions in both land and living area rank highly against local comparables.

This property would suit a buyer who prioritizes private outdoor space for gardening, recreation, or future expansion over a brand-new build. It’s ideal for those seeking a quiet, established community and who appreciate the value of a large lot—a feature that is increasingly scarce and cannot be replicated in newer subdivisions. The home offers a canvas for personalization, appealing to long-term planners and those who see value in land as a primary asset.

Key Questions for Consideration

1. What does the lot size actually allow for?
Beyond a large yard, a lot of this scale (nearly half an acre) may offer potential for additions like a sizable workshop, extensive landscaping, or even future subdivision, subject to municipal zoning and approvals. It provides a rare sense of openness in the city.

2. How does the age of the home (73 years) impact my plans?
While systems and components may have been updated, the building’s age suggests due diligence is essential. A thorough inspection is advised to understand the condition of the foundation, plumbing, electrical, and roof, and to budget for ongoing maintenance or thoughtful renovations.

3. The home ranks very low for its "newness" but high for size and value. What does this mean?
This highlights the property’s profile: you are investing significantly in the land and living space, not in a modern structure. The assessment suggests the market values the lot and square footage highly, even while accounting for the home’s vintage.

4. Is the finished basement a legal suite?
The listing notes a finished basement but does not specify a legal secondary suite. A buyer interested in rental income would need to verify its current status and the requirements to legalize it, which can be a significant process.

5. The neighbourhood rankings show strong demand. What's the community like?
Eric Coy is a mature, stable neighbourhood. High rankings for lot and living size indicate it's an area prized for larger, family-friendly properties. Its consistency suggests a lower turnover and a community of long-term residents, contributing to its character.