1270 Liberty Street – Property Summary
Key Characteristics & Buyer Profile
This property stands out for its strong value and modern construction relative to the broader Winnipeg market. The home was built in 2015, placing it in the top 7% citywide for newer builds—a significant advantage on a street where the average home was built in 1992. Its assessed value of $1.24 million is in the top 1% across the city, yet the living area (2,315 sqft) is only slightly below the average on Liberty Street and in the Wilkes South neighborhood. In other words, you’re getting a newer, high-value home in a neighborhood where comparable properties are older and often higher-priced per square foot.
The land area is where this property diverges: at just under an acre (47,095 sqft), it’s on the smaller side for the street and well below the neighborhood average of nearly 3.1 acres. Citywide, however, that lot size is elite (top 1%), reflecting how uncommon such generous land is in Winnipeg overall. The appeal here is less about maximum acreage and more about balance: a modern, well-sized home on a large lot by city standards, in an area where neighbors tend to have much older houses and more land.
This property would suit a buyer who values a newer, turnkey home in a suburban-style setting, without needing an oversized estate lot. It’s also a good fit for someone who wants strong citywide value rankings (top 1% in assessed value) but is comfortable being in the middle of the pack on the street itself. It may be less ideal for buyers prioritizing privacy or land mass, as the lot is modest relative to the immediate area.
Five Possible FAQs
1. Why is the assessed value so high compared to the neighborhood average, but the living area is only average?
The assessed value reflects overall property worth, which here is driven heavily by the home’s newer build (2015) and its citywide desirability. Living area is just one factor; condition, layout, finishes, and market demand for newer construction all push the value higher. The neighborhood average for year built is 1996, so many nearby homes are older and likely valued lower even if they have similar square footage.
2. How does the lot size affect daily use and maintenance?
At 47,095 sqft (just under 1.1 acres), this is a large garden lot by city standards but manageable for most homeowners. It’s small enough to mow with a standard riding mower and won’t require the heavy equipment or time needed for multi-acre properties common in this neighborhood. Expect moderate yard work, with room for gardens, play areas, or a shop, but no need for a tractor or hired landscaping crew.
3. Is this a desirable street or neighborhood?
The street ranking tells a mixed story: the home ranks near the middle for lot size and living area, but high for assessed value and year built. This suggests Liberty Street has a range of housing stock, and this property is a newer entry in an older, well-established area. The Wilkes South neighborhood is above-average for newer builds and values, so you’re in a stable, desirable pocket—but it may not be the most exclusive part of the area.
4. How does this home compare to newer subdivisions in Winnipeg?
This home was built in 2015, so it’s recent enough to have modern construction standards and energy efficiency, but not brand new. Compared to outer-ring subdivisions where 2,000+ sqft homes on smaller lots (often under 5,000 sqft) are common, this property offers significantly more land. The citywide lot ranking (top 1%) makes it a rare find for someone who wants acreage without leaving the city—or without paying a premium for a new build in a far-flung development.
5. What should I check before making an offer?
Because the land area is large relative to city norms but small for the street, check zoning and any subdivision potential or restrictions—this lot may not be easy to split, and the assessed value suggests the land itself is a significant part of the price. Also verify the condition of the home’s major systems (roof, HVAC, windows) since 2015 construction is now about a decade old. Finally, confirm property taxes on the $1.24M assessment, as they may be notably higher than on a newer home in a lower-value area.