Property Overview: 1480 Liberty Street, Winnipeg
Key Characteristics & Appeal
This is a spacious, well-situated family home built in 2004, offering modern comforts on an exceptionally large lot. Its primary appeal lies in the rare combination of a sizable 2,150 sqft living area and a massive, private land parcel of over 44,000 sqft (approximately one acre), a rarity within Winnipeg that places it in the top 1% of properties for land size. The home is a practical one-storey layout with an attached garage and an unfinished basement, presenting a solid canvas for future customization.
The property’s standout rankings reveal its unique position: it offers more space and land than the vast majority of homes across the city, while being newer than most. It would perfectly suit buyers prioritizing long-term privacy, outdoor potential (from extensive gardening to potential future additions), and single-level living. It’s a home for those who value room to grow over a downtown location, ideal for families, multi-generational living, or anyone seeking a peaceful retreat with the space for hobbies, pets, or future development, all within a mature community setting.
Frequently Asked Questions
1. What does the "unfinished basement" entail?
It means the basement is a blank slate with concrete floors and walls, ready for insulation, drywall, and flooring. This is a significant opportunity to add customized living space, such as extra bedrooms, a recreational room, or a suite, to suit your needs and increase the home's value.
2. How does having such a large lot impact maintenance and costs?
While offering unparalleled privacy and space, a lot of this size requires more time or investment for lawn care, landscaping, and snow clearing. It's a trade-off: you gain immense outdoor potential but should budget for larger equipment or professional services to manage it comfortably.
3. The home ranks in the top 3% by assessed value in Winnipeg. What does this mean for property taxes?
A high assessment relative to the city generally correlates with higher property taxes. While this reflects the property's substantial value and desirable characteristics, prospective buyers should factor this into their ongoing monthly budget calculations.
4. The community ranking for "newness" is lower than the city-wide ranking. What does this indicate?
This suggests the Wilkes South neighborhood features a mix of older and newer homes. Your home is newer than many in the immediate area, offering modern construction, but the community itself is established with mature trees and settled character, which many find appealing.
5. Is the lot size a potential investment for subdivision?
The acreage is certainly notable. Any subdivision would be subject to strict municipal zoning bylaws, feasibility studies, and approval processes. It’s a question for specialized research with the city’s planning department, not a guaranteed feature, but the raw potential is there due to the parcel's scale.