559 Buckingham Road

Property Overview: 559 Buckingham Road

Section 1: Key Characteristics & Appeal

This is a classic, single-storey home in Winnipeg's Eric Coy neighbourhood, built in 1956. Its primary appeal lies in its exceptionally large, private lot of over 19,000 square feet—a rare find that places it in the top 2% of all properties in Winnipeg for land size. The home itself is a manageable 1,018 sqft with a finished basement and a detached garage. While the house is of a modest size and era, the true value is in the land, offering immense potential for gardening, recreation, expansion, or future redevelopment.

This property would best suit a buyer who values space and privacy over a modern, turn-key home. It's ideal for someone with a vision—whether that's a family seeking a huge backyard, a hobbyist or gardener craving room to pursue their interests, or an investor/developer who recognizes the long-term value of a large lot in the city. It appeals to those comfortable with a home that may require updates, seeing the structure as a solid foundation on a truly standout piece of land.

Section 2: Frequently Asked Questions

1. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg. For example, its land size ranks in the top 2% city-wide, which is exceptional. Conversely, the home's size and age are more typical for the area, providing clear context on where its strengths lie.

2. Is the house in original condition?
Given its 1956 build date, buyers should anticipate characteristics and systems consistent with its era. The basement is finished, but the overall condition of the roof, windows, plumbing, and electrical should be verified during an inspection.

3. What can be done with such a large lot?
The lot offers significant flexibility. Beyond a spacious yard, possibilities could include adding a large workshop, creating extensive garden beds, or even exploring future subdivision or building potential, subject to all City of Winnipeg zoning and bylaws.

4. Why is the assessed value a key metric here?
The $378,000 assessment provides an official, tax-related valuation that is often a baseline for the market price. Its ranking shows this assessment is higher than 59% of Winnipeg homes, reflecting the premium value placed on the substantial lot.

5. What are the less obvious considerations?
A lot of this size means higher maintenance (lawn care, snow clearing) and potentially higher property taxes relative to the home's living space. However, it also offers a degree of privacy and buffer from neighbours that is increasingly uncommon in the city, which many find invaluable.