Property Summary: 1550 McCreary Road
Key Characteristics & Appeal
This is a substantial, one-storey family home built in 1982, situated on an exceptionally large lot of approximately 3 acres (130,705 sq ft). Its primary appeal lies in the rare combination of generous indoor living space (3,120 sq ft) and vast outdoor potential. The home ranks in the top 1% of Winnipeg for lot size and living area, offering a private, rural-like setting within the city. Key features include an unfinished basement, an attached garage, and no pool.
The property suits buyers prioritizing land over a turn-key or modern home. It’s ideal for those seeking privacy, space for hobbies, gardening, or future expansion. The unfinished basement presents a clear project for customization. Given its age and ranking for newer builds (only newer than 22% in its community), it would likely appeal to a handy buyer or one planning renovations. The value proposition is clearly in the land and square footage, making it a strong candidate for buyers who see long-term potential over immediate luxury.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in its neighbourhood (Wilkes South), and across all of Winnipeg. For example, its lot size ranks in the top 0% city-wide, meaning it’s larger than 100% of compared properties—an extraordinary standout feature.
2. Is the land usable, or is it just a large lot?
At 3 acres, the land is a defining asset. It offers significant potential for gardening, recreation, or even subdividing (subject to city bylaws and approvals), which is a rare opportunity in Winnipeg.
3. The home is older and ranks low for "newness." What should I consider?
Built in 1982, the house is older than most in its immediate area. Buyers should budget for updates consistent with a home of this age and be prepared for a property where the land value is a major component of the price.
4. Who is this property not suited for?
It’s likely not a match for buyers seeking a low-maintenance, modern, or immediately updated home. The unfinished basement and the scale of the grounds imply ongoing projects and upkeep.
5. The assessed value is $743,000. How should I interpret this?
The assessment is for tax purposes and reflects the municipal government’s valuation. It ranks in the top 3% city-wide, confirming this is a high-value property. Market value can differ based on condition, market trends, and the unique value buyers place on such a large parcel of land.