Property Overview
This 1990-built, single-storey home sits on an exceptionally large, nearly one-acre lot (39,322 sqft) in Winnipeg's Wilkes South neighbourhood. Its key appeal lies in the rare combination of a spacious 1,819 sqft living area and vast outdoor space, offering significant potential for expansion, gardening, or recreation. The home features an unfinished basement and an attached garage.
The property's standout characteristic is its land size, which places it in the top 1% of all properties in Winnipeg. This makes it a compelling opportunity for buyers seeking privacy and room to grow, whether that means adding a future addition, creating extensive gardens, or simply enjoying expansive green space within the city. It would suit a practical buyer or family with a vision for utilizing outdoor space, who values potential over immediate turn-key perfection. The home’s rankings suggest it offers above-average interior space for the area, though the structure itself is of average age for its community. The appeal is less about luxury finishes and more about the foundational asset: the land itself.
Frequently Asked Questions
1. What does the assessment value ranking mean?
The assessment value of $637,000 ranks in the top 5% city-wide, indicating the property is considered high-value, largely due to its land size. However, it ranks lower within its immediate neighbourhood and street, suggesting the house itself may be more modest relative to the land it sits on.
2. Is the large lot a maintenance burden or an opportunity?
It can be both. The nearly one-acre property requires more upkeep than a standard city lot, which is a consideration for time and cost. However, it is a rare blank canvas for landscaping, potential subdivision (subject to zoning), or adding structures like a workshop or large shed.
3. The home ranks low for age on its street. Is that a concern?
Built in 1990, it is newer than 47% of homes on its street, placing it in the middle of the pack. This suggests the surrounding houses are a mix of older and newer, and the property is not a historic home nor brand new, but a solidly middle-aged dwelling that may require typical updates.
4. Who would this property not suit?
It may not suit buyers seeking a low-maintenance, fully finished property or a dense, walkable urban streetscape. The scale of the lot and the unfinished basement require a willingness to invest time, effort, or capital into the property's future.
5. How should I interpret the competitive rankings?
The rankings compare key metrics against nearby and city-wide properties. The most striking data is the land size ranking (top 1% in Winnipeg), which is the property's dominant competitive advantage. Other rankings for living space and value are strong city-wide but more average locally, highlighting that the lot is the primary driver of its value and appeal.