1314 Liberty Street – Property Summary
Key Characteristics & Buyer Profile
This is a large, high-value property in Winnipeg’s Wilkes South area, built in 1987. The home offers 4,384 square feet of living space on a 51,284-square-foot lot. Assessed at $1.24 million, it ranks in the top 1% citywide for both living area and land size, and in the top 1% for assessed value. On its own street, Liberty Street, it ranks second for living area and twelfth for assessed value—meaning it stands out even among larger homes in the area. The lot, while generous by city standards, is actually smaller than the average for its immediate neighbourhood, where many properties sit on over six figures of land.
The appeal lies in the combination of a very large home on a substantial lot within a well-established neighbourhood. It’s not the newest build (the neighbourhood average is 1996), but its citywide ranking for living space and value signals a property that offers far more square footage and land than typical Winnipeg homes. Buyers who value interior space and a solid lot over a modern build date will find this compelling. It would suit someone looking for a long-term family home, a hobby farmer or gardener wanting room to work, or a buyer who wants a property that holds its own in terms of size and value relative to the rest of the city—without being the largest or priciest on its street.
Frequently Asked Questions
1. How does this property compare to others on Liberty Street?
It’s one of the biggest and most valuable homes on the street. It ranks 2nd for living area and 12th for assessed value out of 51 comparable homes. While the lot size is around average for the street (29th out of 51), the house itself is significantly larger than most.
2. Is the lot large enough for a secondary suite or garden?
At just over 51,000 square feet (roughly 1.2 acres), the lot is far bigger than a typical city property. It’s well above citywide averages, but in Wilkes South it’s considered on the smaller side—many nearby lots are over 130,000 square feet. You’d have substantial room for a large garden, outbuildings, or possibly a secondary suite, but local zoning rules would need to be checked.
3. The home was built in 1987. Is that considered old for this area?
It’s older than most homes in Wilkes South, where the average build year is 1996 (this home ranks 178th out of 246 for age in the neighbourhood). Citywide, however, a 1987 build is newer than average. Buyers should expect that mechanical systems, roof, windows, and finishes may be original or nearing replacement age, depending on prior upkeep.
4. What does the assessed value of $1.24M actually mean?
It’s a highly assessed property—top 1% citywide—but it’s not the most expensive on its street or in its neighbourhood. On Liberty Street it ranks 12th out of 51, so there are pricier homes nearby. The assessment reflects a combination of size, location, and market conditions, but it doesn’t necessarily indicate recent renovations or premium finishes.
5. What’s the neighbourhood like?
Wilkes South is a higher-end residential area with large lots and mature homes. It’s not a dense urban neighbourhood; you’d typically find more space and privacy here than in central Winnipeg. The trade-off is that it’s less walkable to amenities, and the older housing stock means maintenance costs can be higher than in newer subdivisions.