Property Overview: 599 Buckingham Road, Winnipeg

This is a distinctive, one-storey home built in 1961, sitting on an exceptionally large, mature lot of nearly half an acre (19,049 sqft) in the Eric Coy neighbourhood. Its primary appeal lies in the rare combination of a fully finished basement and vast outdoor space within the city, offering significant potential for expansion, gardening, or recreation. While the home itself is a modest 1,298 sqft bungalow, its value is anchored in the land and the opportunity it presents. It would best suit a buyer looking for a solid starter home with incredible yard space, a hands-on owner interested in future renovations or additions, or an investor who recognizes the long-term value of such a sizable parcel in Winnipeg.

Key Details & Perspectives

• Key Characteristics: A 1961 bungalow with 1,298 sqft of living space, a fully finished basement, and no garage. The property's most defining feature is its 19,049 sqft lot, which places it in the top 2% of Winnipeg for land size.
• Primary Appeal: The immense, private lot is a blank canvas in an established area. It offers a level of space and tranquility uncommon in the city, perfect for those prioritizing outdoor living, gardening, or future projects like a workshop, large garage, or even a potential subdivision (subject to zoning).
• Ideal Buyer Profile: This property suits a pragmatic buyer whose needs are met by the existing floorplan but whose vision extends to the property's potential. It's ideal for someone who values space over a turn-key modern finish, and who may see the older mechanicals and lack of garage as a worthwhile trade-off for the land.

Frequently Asked Questions

1. What is the true standout feature of this property?
Beyond the home itself, the nearly half-acre lot is the standout. This amount of land is exceedingly rare in Winnipeg and offers unparalleled privacy and potential for expansion or outdoor use compared to typical city lots.

2. The house was built in 1961. What should I be aware of?
Prospective buyers should budget for updates common to homes of this era, such as the roof, windows, and major mechanical systems (furnace, electrical). A thorough inspection is highly recommended to understand the condition and prioritize projects.

3. Is there potential to add a garage or expand the house?
The lot size certainly allows for it. Any expansion or new structure would require checking current zoning bylaws and obtaining the necessary permits. The vast space makes this property an excellent candidate for such additions.

4. How does the assessment value relate to the asking price?
The city's assessed value for tax purposes is $403,000. It's important to note that this is not a market valuation. The sale price will be determined by current market conditions, the property's unique land value, and the home's condition.

5. The rankings show high marks for land but lower marks for the home's size and year. How should I interpret this?
These comparative rankings usefully highlight the property's dichotomy. It confirms that you are purchasing a home with below-average interior space for the area, but on a lot that is significantly above average. Your decision hinges on whether you value the land more than a larger or newer house.