1303 Mccreary Road

1303 McCreary Road – Property Summary

Key Characteristics and Buyer Profile

This is a 1984-built home on an exceptionally large lot in Winnipeg’s Wilkes South neighbourhood. The living area is 1,927 square feet, which is below average for its street and neighbourhood but well above the citywide average for comparable homes. The property’s most striking feature is its land: 105,498 square feet—roughly 2.4 acres—placing it in the top 1% citywide. The assessed value is $707,000, which is below the local street and neighbourhood averages but firmly in the top 4% of all Winnipeg properties.

The appeal is not in a newly renovated interior or a premium address within its immediate area. Instead, the value is in the land itself. Buyers who prioritize space, privacy, and the potential to add value through redevelopment or expansion will find this property compelling. It suits someone looking for a home that is not a showpiece but sits on a rare parcel of land in a stable neighbourhood. It may also appeal to buyers who want a property with long-term upside in a city where large lots are increasingly scarce. The house is solidly built, functional, and livable, but the real draw is what sits under it.

Five Frequently Asked Questions

1. How does the property’s assessed value compare to its neighbours?
The assessed value is lower than most homes on McCreary Road and below the Wilkes South average. However, when compared across all of Winnipeg, the value is in the top 4%—which reflects the land, not the house. This gap suggests the house has not been updated to match its lot’s potential.

2. Why is the living area considered “around average” locally but “above average” citywide?
The street and neighbourhood have many large, newer homes, so 1,927 square feet sits near the middle for that context. But across all comparable homes in Winnipeg, the average living area is 1,342 square feet, so this property is substantially larger than typical citywide inventory.

3. Is the land size unusual for this area?
On McCreary Road itself, several properties have even larger lots—the street average is over 164,000 square feet. But in the broader Wilkes South neighbourhood, this lot is roughly in the middle. Citywide, a 105,498-square-foot lot is exceptional: only 1% of properties have more land.

4. What does the 1984 build year mean in practical terms?
The home is older than 75% of homes on its street and neighbourhood, where the typical build year is 1996. However, it is newer than 70% of homes citywide. Buyers should expect systems and finishes from the mid-1980s, but the structure is now 40 years old and may need updates depending on maintenance history.

5. What is the most realistic use case for this property?
For someone who wants a large, private lot in a mature Winnipeg neighbourhood without paying for a fully updated house, this is a strong candidate. The land gives room for gardens, outbuildings, or future subdivision potential (subject to zoning). It is less suited to buyers seeking a move-in-ready, contemporary home on a standard lot.