Property Overview
This is a distinctive 4-level split home on an exceptionally large, mature lot in Winnipeg's Wilkes South neighborhood. Built in 1958, its primary appeal lies in the combination of generous, well-above-average living space and a truly rare land parcel of over 131,000 square feet. The home itself, at 4,570 sqft of finished living area including a developed basement, offers substantial room for a large or multi-generational family. Its rankings show it outperforms the vast majority of homes in Winnipeg for both lot size and living area, placing it in a unique category.
The property would best suit buyers who prioritize land and space over a modern build. It's ideal for someone seeking privacy, room for gardens, recreational space, or future expansion, and who appreciates the character and layout of a well-maintained split-level home. The significant increase in assessed value since its 2017 purchase indicates substantial improvement and perceived market potential. A thoughtful perspective for a buyer is to see this not just as a home, but as a long-term property holding where the land itself represents a major, appreciating asset in a city where lots of this size are virtually nonexistent.
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, being in the "top 0%" for lot size in Winnipeg means it has a larger lot than 100% of compared properties, making it exceptionally rare.
2. The house was built in 1958. What should I consider?
While the home has been updated (note the finished basement), a buyer should budget for ongoing maintenance typical of a older home and consider a thorough inspection of major systems like roof, plumbing, and electrical to understand their condition and lifespan.
3. How does the assessed value relate to the asking price?
The assessed value of $979,000 is for municipal tax purposes and reflects the city's valuation. The listing price is set by the seller based on the current market. The two figures can differ, and the recent sale history shows significant growth from its last sale price.
4. What are the practical implications of such a large lot?
Beyond privacy and space, consider the ongoing responsibility: property taxes are likely influenced by the land value, and maintenance like landscaping or snow clearing requires more time, equipment, or cost if hired out. It also offers unique opportunities like adding a workshop, extensive gardening, or even potential subdivision subject to city zoning approval.
5. What is a 4-level split layout like?
This design features multiple short flights of stairs separating living zones, offering good separation between living, sleeping, and recreational areas. It's excellent for defining private spaces but may be less suitable for those seeking single-level living or with mobility concerns. The finished basement adds a significant fourth level of flexible space.