Property Summary for 1315 Liberty Street
Section 1: Key Characteristics & Appeal
This property is a modern, two-storey home built in 2021, situated on an exceptionally large lot of approximately 2 acres (87,108 sq ft) in Winnipeg's Wilkes South neighbourhood. Its primary appeal lies in the rare combination of a new, low-maintenance home with a vast, private land parcel rarely found within the city. The home itself is substantial, with over 7,100 sq ft of finished living space, a finished basement, and an attached garage.
The home suits buyers seeking space, privacy, and modern construction without a rural commute. It’s ideal for a multi-generational family, someone who values extensive outdoor possibilities (gardens, recreation), or a buyer who sees the land itself as a long-term asset. Its rankings show it is a top-tier property city-wide in terms of lot size, living area, and value, yet it sits in a more moderately ranked community, offering a unique value proposition. A thoughtful perspective is that this property offers the footprint of an estate without the typical older estate home’s renovation needs, though it also carries the responsibility and cost of maintaining a significant piece of urban land.
Section 2: Frequently Asked Questions
1. What does the "finished basement" include?
The listing confirms the basement is finished but does not specify the rooms or layout. A buyer should inquire about the number of rooms, ceiling height, and whether it includes a separate entrance or legal suite potential.
2. Why is the community ranking (73rd percentile) lower than the home's other rankings?
The home's metrics (size, newness, value) are exceptional city-wide. The community ranking reflects the average of all properties in Wilkes South, which includes many older, smaller homes on standard lots. This property is an outlier in its own neighbourhood.
3. Is the property’s high assessed value reflective of the current market price?
The $2.765M assessment is for municipal tax purposes and is based on a mass appraisal model. It indicates the home is valued highly by the assessor, but the final market price is determined by negotiation between buyer and seller.
4. What are the annual property taxes?
The listing does not state the tax amount. With this assessed value, property taxes will be significant. A buyer must contact the city or the listing agent for the exact annual figure.
5. What potential is there for subdividing the large lot?
The 2-acre lot may have subdivision potential, but this is subject to strict city zoning bylaws, utility access, and approval processes. This is not a given and requires a separate investigation with the city's planning department.