Property Overview: 1430 Liberty Street, Winnipeg
Key Characteristics & Appeal
This is a distinctive, one-storey family home in the Wilkes South neighbourhood, built in 1983. Its defining feature is an exceptionally large, one-acre lot (43,583 sqft), which places it in the top 1% of all properties in Winnipeg for land size. The home itself is spacious at 2,344 sqft of living space, also ranking in the top 4% citywide, and includes a finished basement and an attached garage.
The primary appeal lies in its rare combination of generous indoor space and vast outdoor potential. It’s not just a large yard; it’s a blank canvas for gardening, recreation, or future expansion, offering a level of privacy and scope uncommon in the city. While the house is 43 years old, its assessed value of $886,000 ranks in the top 1% for Winnipeg, indicating its substantial perceived worth.
This property would best suit buyers who prioritize land above all else—growing families, multi-generational households, or hobbyists seeking space for projects, gardens, or pets. It’s for those willing to trade a newer build for the irreplaceable asset of acreage within city limits, understanding that a home of this era may come with future updates.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Wilkes South, and across all of Winnipeg. For example, being in the "top 1%" for land size in Winnipeg means 99% of properties have a smaller lot. This quantifies its standout features.
2. Is the land usable, or is it just a large lot?
At just over one acre, the land is a major feature. Its usability would depend on zoning and any existing landscaping, but it offers exceptional potential for landscaping, adding structures like a shed or workshop, or simply enjoying expansive green space.
3. What are the considerations with a 1983-built home?
While offering solid size and value, a home from this era will likely have systems (roof, HVAC, windows) that are at or beyond their typical lifespan. A thorough inspection is crucial to budget for any necessary updates or maintenance.
4. The assessed value is high. What does that indicate?
The $886,000 assessment reflects the municipal valuation for tax purposes, heavily influenced by the rare lot size and living space. It signals strong underlying value but does not directly set the market price, which is determined by buyer competition.
5. Who might this property not suit?
It may not be ideal for those seeking a modern, low-maintenance turn-key home, as some updates are probable. The scale of the lot also requires a commitment to yard upkeep or the cost to hire it out, which isn't for everyone.