1523 Charleswood Road – Property Summary
Key Characteristics & Buyer Profile
This is a 2008-built home on a 193,455 sqft lot in Wilkes South, Winnipeg. The property ranks in the top 1% city-wide for land area, and in the top 2% for assessed value. Living space is 1,783 sqft — above average for both the street and the city, though slightly below the neighbourhood average.
The main appeal is the sheer size of the lot. In a city where the typical home sits on roughly 6,500 sqft, this property offers nearly 30 times that. The year built (2008) places it well ahead of most homes on the street, which average 1978, and ahead of the city-wide average of 1966. The assessed value of $829,000 is notably higher than the street average ($511,100) but below the neighbourhood average ($968,900), suggesting the home itself is modest relative to the land it sits on.
This property would suit buyers who prioritize land over house size — those looking for space, privacy, or development potential in a mature neighbourhood. It may also appeal to someone who wants a newer home without the premium of a newer subdivision, or who values being in a top-tier city-wide percentile for assessed value without exceeding the local median.
Five Possible FAQs
1. How does the living area compare to other homes in the area?
At 1,783 sqft, the home is above average for the street (1,517 sqft) and for the city (1,342 sqft), but below the neighbourhood average of 2,399 sqft. It ranks in the top 26% on the street and top 18% city-wide.
2. What does the assessed value tell me about the property?
The assessed value of $829,000 is high relative to other homes on the same street (top 9%), but around average for the wider Wilkes South neighbourhood (top 48%). City-wide, it's in the top 2%. This suggests the property's value is driven partly by the land, not just the house.
3. Is the lot really that large, and what could it be used for?
Yes — 193,455 sqft puts it in the top 1% of lots city-wide and top 5% on the street. That’s roughly 4.4 acres. Possible uses depend on zoning, but the size offers options for expansion, outbuildings, or simply having a buffer from neighbours. Buyers should verify permitted uses with the city.
4. How recent is the home compared to others nearby?
Built in 2008, it's newer than 93% of homes on the street and 87% city-wide. The neighbourhood average year built is 1996, so this home is above average locally as well. That means fewer immediate maintenance issues typical of older homes, but it's still over 15 years old.
5. Does the neighbourhood ranking for assessed value matter in practical terms?
It depends. The property sits in a neighbourhood with a high average value ($968,900), but the property itself is below that average. That can mean the home is more accessible price-wise than its neighbours, but also that resale value will be influenced by the more expensive homes around it — not necessarily a downside, but something to factor in when considering long-term equity.