This is a distinctive, one-storey home on an exceptionally large, half-acre lot in Winnipeg's Wilkes South neighborhood. Built in 1978, its primary appeal lies in the rare scale of its private land (217,579 sqft), offering immense potential for expansion, gardening, or recreational use. With 1,920 sqft of living space, an unfinished basement, and an attached garage, it provides a solid foundation. Its value is underscored by an assessment that ranks in the top 3% citywide. The property suits buyers prioritizing land over a turn-key modern home—ideal for those seeking privacy, space for future projects like a large workshop or addition, or simply one of the largest residential plots in the city. It's a compelling option for long-term visionaries comfortable with updating a 48-year-old home to match the potential of its extraordinary lot.
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What does an "unfinished basement" entail, and what are its possibilities?
This space offers blank-canvas potential for customization but requires investment. Inquiries should cover ceiling height, moisture control, and rough-ins for plumbing to gauge the scope and cost of creating additional living space.
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How does the age of the home (1978) impact immediate and future costs?
Prospective buyers should proactively investigate the condition and age of major systems, including the roof, windows, HVAC, and plumbing, to budget for potential updates or repairs.
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What are the practical implications and costs of maintaining a lot of this size?
Consider the logistics and annual expense of landscaping, snow removal on a large driveway, and any municipal regulations regarding land use or tree maintenance.
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The home ranks lower on "newness" within its immediate area. What does this mean?
This suggests the immediate streets may have newer homes. It's wise to research recent sales and developments in the specific area to understand the neighborhood's trajectory and how this property fits in.
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Is the high citywide assessment value a reliable indicator of market price?
While a strong indicator of municipal valuation for tax purposes, the final sale price is determined by the market. A comparative market analysis with a local agent is essential to understand current buyer demand for similar unique, land-centric properties.