Property Overview & Key Characteristics
This is a distinctive, one-storey home in Winnipeg's Wilkes South neighbourhood, sitting on an exceptionally large, approximately 2.9-acre lot. Its primary appeal lies in the extraordinary scale and potential of its land, which ranks in the top tier for size across the entire city. The 1,240 sqft bungalow itself, built in 1960, features a finished basement and a detached garage. While the house is modest in size and typical of its era, the property offers a rare opportunity for buyers seeking space, privacy, and long-term potential in an established urban area.
This property would perfectly suit a buyer with a vision for the land itself. It's ideal for someone looking for extensive outdoor space for hobbies, gardening, or future expansion, or an investor/developer who recognizes the unique value of such a large parcel within city limits. It may also appeal to a buyer willing to live in the existing home while planning a future custom build, effectively using the current structure as a stepping stone.
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. Key takeaways: its land size is in the top 0% city-wide (extremely rare), while the house itself is older and smaller than most in its immediate area. The assessment value ranks highly city-wide, likely reflecting the land premium.
2. Is the house in good condition?
The listing confirms a finished basement but does not specify the renovation level or condition of major systems. Given the 1960 build date, a prospective buyer should budget for a thorough inspection to assess the roof, foundation, plumbing, and electrical, which may require updates.
3. What can I do with all that land?
The nearly 3 acres offer significant flexibility beyond a large yard. Potential uses could include extensive landscaping, adding outbuildings (subject to bylaws), creating recreational spaces, or even subdivision potential. Its value is as a blank canvas for outdoor living or future development.
4. Why is the assessment value high compared to the home's age and size?
The municipal assessment reflects both the building and the land value. In this case, the exceptionally high land value—due to its massive size and scarcity in the city—drives the total assessment, not the characteristics of the 1,240 sqft bungalow.
5. What are the less obvious considerations?
Maintaining 2.9 acres requires considerable time or expense for landscaping and snow removal. Utility costs and property taxes may be higher due to the lot size. Also, the home's interior layout and ceiling heights will be characteristic of 1960s bungalows, which may influence renovation plans. The value here is fundamentally in the land, not the existing structure.