Property Summary: 1440 Liberty Street, Winnipeg
Key Characteristics & Appeal
This is a unique, one-storey home in the Wilkes South neighbourhood, built in 1975. Its defining characteristic is an exceptionally large, private lot of approximately 32,694 square feet—a rare find within the city that places it in the top 1% of Winnipeg properties by land size. The home itself is a modest 1,093 sqft bungalow with a finished basement, an attached plus detached garage, and no pool.
The primary appeal lies in the unparalleled potential of the land itself. It suits a specific buyer: someone who values immense outdoor space, privacy, and future possibilities over a large or modern house. This could be a multi-generational family looking to add a secondary suite, a hobbyist or gardener dreaming of extensive gardens or workshops, or an investor/developer who recognizes the long-term value of such a sizable parcel. The home offers a comfortable, grounded starting point on a canvas that is rarely available. A thoughtful perspective is that while the house ranks lower in size and age within its immediate area, the land asset is so significant that it elevates the property's overall standing, making it a standout opportunity for the right vision.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in its community, and across all of Winnipeg. For example, its land size surpasses 99% of all Winnipeg properties, making it exceptionally large. Conversely, the living area is smaller than most homes in Winnipeg and on its specific street.
2. Is the house in good condition for its age?
The listing notes a finished basement, which is a positive update. As a 51-year-old home, a prospective buyer should prioritize a thorough inspection to understand the condition of major systems like roof, plumbing, and foundation, which is a standard and crucial step for any home of this vintage.
3. How can the detached garage and large lot be utilized?
The combination offers flexible uses beyond simple vehicle storage. The detached garage could serve as a workshop, studio, or hobby space. The vast lot presents opportunities for extensive landscaping, vegetable gardens, recreational space, or even future expansion, subject to local zoning bylaws.
4. Why is the assessed value relatively high compared to some rankings?
The $519,000 assessment likely reflects the tremendous value of the land itself. Assessed values consider both the building and the property. In this case, the rare, large lot size is a major contributing factor to its overall valuation.
5. What should I consider about the neighbourhood?
Wilkes South is a mature, established community. The rankings show this property's land size is extraordinary even within this neighbourhood. Buyers should explore the area to gauge its fit for their lifestyle, considering proximity to amenities, schools, and the general character of the surrounding homes.