593 Buckingham Road

Property Overview

This 1965-built, single-storey home on Buckingham Road presents a compelling blend of space, location, and value. Its primary appeal lies in its exceptionally large, nearly half-acre lot (19,048 sqft), which is a rare find within the city and places it in the top 2% of all Winnipeg properties for land size. The 1,749 sqft living area is above average, complemented by a finished basement and an attached garage. Recent data shows it sold for $530,000 in November 2024, above its $494,000 assessed value.

The home suits buyers prioritizing land over a modern build. It’s ideal for those seeking room for gardens, play, or future expansion, and who value the established, quiet character of the Eric Coy neighbourhood. Its strong rankings—especially for lot size—indicate a property that offers privacy and potential not easily replicated in newer subdivisions. It would particularly appeal to a growing family looking for a long-term home with room to grow, or to a buyer with a vision for renovations who secures a solid foundation of land value.

Key Questions for Consideration

1. What does the "finished basement" entail?
Given the home's age, it's important to clarify the extent and quality of the basement finish, including ceiling height, materials used, and whether it includes a proper secondary living space or additional bedrooms.

2. How does the 1965 construction date impact maintenance?
Prospective buyers should budget for and investigate the age and condition of major systems like the roof, plumbing, electrical, and windows, which may be nearing or past their typical lifespan.

3. What is the actual feel of the large lot?
While the lot size is a major asset, its usability depends on factors like topography, tree coverage, and drainage. Understanding how much is functional yard space versus purely dimensional size is key.

4. Why did it sell for significantly above its assessed value?
The recent sale price suggests strong buyer competition or perceived value beyond the municipal assessment. It would be wise to understand what features or market conditions drove that premium.

5. What are the immediate area's development trends?
With such a large lot in an established area, it's worth exploring if nearby properties are being maintained, renovated, or redeveloped, as this influences future character and value.