Property Overview: 112 Wilmot Place, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its impressive scale and generous lot, offering a rare combination of space and location in the Mcmillan neighbourhood. Its primary appeal lies in its substantial 3,492 sqft of living area, which ranks within the top 3% of homes in Mcmillan and the top 1% city-wide, making it a true standout for buyers seeking ample room. The property is further distinguished by a 7,457 sqft land area, placing it in the elite top 1% for lot size within the neighbourhood. This suggests significant potential for gardens, outdoor living, or future expansion.
Built in 1907, the home carries the character and solid construction of its era. While its age is above average for the city, this is typical for the historic Mcmillan area. The assessed value is above average for both the neighbourhood and Winnipeg overall, reflecting its desirable attributes.
This property would best suit a buyer who prioritizes space—both indoors and out—over a modern, turn-key build. It’s ideal for someone looking for a project-ready character home with a premier lot size, or a family seeking room to grow in a well-established area. Its profile suggests value is derived from its physical proportions and location rather than recent updates.
Section 2: Frequently Asked Questions
1. How does the age of the home (1907) impact its value and appeal?
While older than the city average, the home’s age is consistent with the historic charm of the Mcmillan neighbourhood. The value is primarily driven by its large lot and living space. Buyers should budget for potential maintenance or updates expected with a character home, but are rewarded with architectural details and build quality less common in newer constructions.
2. The assessed value seems moderate given the elite lot and living space. Why is that?
Property assessments often reflect a mass appraisal system based on key metrics and recent sales. A moderate assessment on a home with elite physical characteristics can sometimes indicate that the interior condition or finishes may not be fully modernized, presenting an opportunity for a buyer to add value through renovation.
3. Is the lot size truly a standout feature?
Yes. Ranking in the top 1% within Mcmillan, the lot is a major asset. It offers privacy, space for outdoor activities, and a sense of grandeur that is increasingly rare in central neighbourhoods, providing long-term value that smaller lots cannot match.
4. What can nearby sold prices tell me about this home?
A nearby, similarly aged home on Wilmot Place sold in the $500k-$550k range in 2019. This provides a historical benchmark, but current market conditions, this home’s specific condition, and its superior lot size would be key factors in determining its present value.
5. How does this home compare to others in Winnipeg for space?
With living space in the top 1% city-wide, this home offers more square footage than over 99% of Winnipeg properties. For buyers needing significant room, very few alternatives in the entire city provide this scale, making it a unique offering even beyond its desirable neighbourhood.