Property Overview
This is a distinctive, single-family home on an exceptionally large, 2-acre lot in Winnipeg's Wilkes South neighborhood. Built in 1976, the 2,020 sqft bungalow features a finished basement and an attached garage. Its standout feature is the immense private land, which ranks in the top tier for size city-wide. The home itself offers above-average living space compared to most Winnipeg houses. While its age and assessed value place it in the middle-to-upper range within its immediate community, the property presents a unique proposition centered on land value and space.
Key Characteristics & Appeal
The primary appeal of 1376 Liberty Street lies in its extraordinary land size. A 87,018 sqft (2-acre) lot within city limits is a rare find, offering unparalleled potential for privacy, gardening, recreation, or future expansion. The home is a spacious, practical bungalow with a finished basement, suitable for comfortable family living. Its appeal is for a specific buyer: someone who values extensive outdoor space over a brand-new home. It would perfectly suit buyers looking for a "blank canvas" property—where the land is the main asset—such as large families, hobbyists, or those planning to enjoy the benefits of a rural-sized property without leaving the city. A thoughtful perspective is recognizing that while the house itself is of average standing in its local area, the land asset makes it a top-tier property in the broader Winnipeg market, suggesting its long-term value is tied to the scarcity of such large parcels.
Frequently Asked Questions
1. What can the land be used for?
The 2-acre lot offers significant space for large gardens, sports courts, extensive landscaping, or outdoor entertaining. Buyers should verify specific zoning bylaws with the city for any intended structures or uses beyond a single-family residence.
2. What does the "finished basement" include?
The listing notes a finished basement, but specifics on layout, ceiling height, permits, and finish quality are not provided. This would be a key area for inspection and clarification.
3. How does the age of the home (1976) affect it?
The 50-year-old home will likely have older major systems (roof, windows, HVAC, plumbing). A thorough inspection is crucial to understand the condition, update history, and any upcoming capital requirements.
4. Why is the assessed value ranking lower in the neighborhood than the city-wide ranking?
This indicates that while the property's assessed value is high compared to all Winnipeg homes, there are other homes in Wilkes South with even higher assessments. It reflects the specific property mix and values within this established community.
5. Is the property competitively priced?
The price should be evaluated against two factors: the value of similar-sized homes in the area and, more uniquely, the premium for an exceptionally large urban lot. Comparing it to typical suburban homes may not capture its full value proposition.