Key Characteristics & Ideal Buyer
This is a 1,435-square-foot home built in 1972, but the standout feature is the land: 217,644 square feet. That lot ranks in the top 1% citywide and top 3% on its street. The house itself is modest compared to the neighborhood norm—homes in Wilkes South average 2,399 square feet—but the assessed value of $604,000 sits well above the city average of $390,100, driven almost entirely by the land.
The appeal here isn't the house; it's the opportunity. Buyers who see value in a large, flat parcel in a desirable part of Winnipeg will be drawn to this property. It suits someone looking to hold land in an established area, possibly for future development, or a buyer who wants space for gardens, workshops, or outbuildings without the premium of a newer, larger home. It's a less obvious fit for someone expecting a turnkey house in a neighbourhood of similar-sized homes, but it makes strong sense for those who prioritize land equity over immediate square footage.
Five Possible FAQs
1. How does the assessed value compare to what I'd actually pay?
The assessed value is $604,000, but that's a municipal figure, not a market price. Given the land size and location, offers may vary significantly depending on how a buyer values the development potential or the rarity of such a lot in this area.
2. Is the house livable as-is, or is it a teardown?
The home is from 1972 and is smaller than most in the neighbourhood. There's no data here on condition, so you'd need an inspection. Some buyers may keep it as a starter or rental while planning for the land's future use; others may see it primarily as a lot with a structure to demolish.
3. Why is the home ranked below average for its neighbourhood living area but above average for value?
The neighbourhood (Wilkes South) has many much larger homes, so the house itself is small by local standards. But the land is exceptional—top 1% citywide—and that drives the assessed value up. You're essentially paying for the lot, not the square footage.
4. What kind of zoning or development restrictions might apply?
This data doesn't cover zoning. Given the lot size and location, you'd need to check with the City of Winnipeg's planning department. A 217,000-square-foot lot in a residential area can have varied potential depending on whether it's zoned for single-family, multi-family, or has future subdivision possibilities.
5. How does this property compare to others on Charleswood Road specifically?
On your street, it's around average for living area and year built (top 50%). But for land area, it's elite—ranking 7th out of 218 homes. The assessed value is also above average (top 23%). So among your immediate neighbours, the house is unremarkable, but the lot is a standout.