569 Buckingham Road

Property Overview

This 1958 one-storey home on Buckingham Road presents a unique proposition in Winnipeg's Eric Coy neighborhood. Its primary appeal lies in the exceptional 19,047 sqft lot, a rare urban parcel that places it in the top 2% of all properties in Winnipeg for land size. The home itself is modest at 970 sqft and features a finished basement and a split garage. It suits a specific buyer: someone who values immense outdoor space and future potential over a large or modern house. This is a property for a visionary—a buyer who sees the value in the land itself, whether for extensive gardening, private recreation, or future redevelopment. Its rankings indicate a home that is average or below average in its immediate area for size, age, and assessed value, but it becomes a standout when viewed for its land holding, offering a blank canvas that is increasingly hard to find within the city.

Key Details & FAQs

Key Characteristics & Appeal:
The defining characteristic is the massive, nearly half-acre lot, offering unparalleled privacy and space in a city setting. The appeal is grounded in long-term potential and lifestyle rather than immediate move-in luxury. It perfectly suits a buyer looking for a "value-add" project—whether that's expanding the existing bungalow, building new, or simply enjoying vast outdoor space. It would also appeal to multi-generational families or those wanting room for workshops, gardens, or pets, who are willing to update the 68-year-old home to their taste over time.

Frequently Asked Questions:

1. Is the price driven by the house or the land?
Given that the assessed value ranks higher than the home's size and age metrics, the valuation is significantly influenced by the substantial lot. The price reflects the land's rarity and development potential.

2. What are the main considerations for such an old home?
Prospective buyers should budget for updates to major aging systems (like plumbing, electrical, and the roof) and anticipate energy efficiency improvements. The finished basement should be checked for proper moisture control.

3. What can I do with such a large lot?
Beyond gardening and recreation, you could explore adding auxiliary structures (subject to zoning), creating separate outdoor living areas, or holding it as a long-term investment. The key is to verify City of Winnipeg zoning bylaws for any development plans.

4. How does the split garage affect usability?
A split garage can limit parking for wider modern vehicles and may offer less flexible storage space than a double-wide garage. However, it provides separate bays that can be used for different purposes, like vehicle storage and a workshop.

5. The rankings show it's below average in the neighborhood for many features. Is that a concern?
This reflects the home's character as a land-value play. While the house itself is modest compared to neighbors, the lot size is its competitive advantage. It indicates you are paying for future potential or lifestyle space rather than present-day premium finishes or square footage.