541 Buckingham Road

Property Overview: 541 Buckingham Road, Winnipeg

Section 1: Key Characteristics & Appeal

This property is defined by its exceptional land size and established, quiet location. Sitting on over 19,000 square feet—a lot size that places it in the top 2% of all Winnipeg—the home offers a rare level of space and privacy for an urban setting. The house itself is a 1,230 sqft, one-storey bungalow built in 1970, featuring a finished basement and an attached garage.

Its primary appeal lies in the significant potential of the land itself. For a buyer with vision, the expansive lot presents opportunities for gardening, expansion, or future redevelopment, all within a mature neighbourhood. The home suits two distinct types of buyers: those seeking a solid, move-in-ready bungalow with room to breathe and grow outdoors, and value-driven investors or builders who recognize the long-term asset value of the land. It’s a property that offers more future flexibility than a typical suburban lot, appealing to someone who values space over sheer square footage of living area.

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 neighbourhood, and across all of Winnipeg for specific metrics like lot size and age. For example, being in the "top 2%" for lot size in Winnipeg highlights just how unusually large this parcel is.

2. Is the house outdated?
Built in 1970, the home is well-established. Its age is older than about half the homes in Winnipeg, suggesting a neighbourhood with mature character. A thorough inspection would be key to understand the condition of major systems and the scope of any modernizing updates desired.

3. Who would value such a large lot?
Beyond gardening or recreational space, a lot of this size is a long-term asset. It could suit multi-generational living with an addition, accommodate significant landscaping, or simply provide a level of privacy and quiet that is increasingly hard to find within the city.

4. How does the assessment value relate to the asking price?
The municipal assessment is for taxation purposes and is one data point. Market conditions, the property's unique lot size, and its specific condition will ultimately determine its market value and sale price.

5. Is the finished basement included in the 1,230 sqft living area?
Typically, municipal living area (sqft) refers to above-grade space. The finished basement is an additional, valuable living area that adds functional space to the home's total usable footprint.