Property Overview
This is a distinctive, one-storey home on an exceptionally large, 2.4-acre lot in Winnipeg's Wilkes South neighbourhood. Built in 1988, the 1,768 sqft house features a split garage and an unfinished basement. Its standout characteristic is the immense private land, which ranks in the top tier for size across the entire city. While the home itself is of average size for its local area and its assessed value sits comfortably above most Winnipeg properties, the true appeal lies in the rare opportunity for expansive outdoor use, potential future development, or simply enjoying significant privacy within the city limits. This property would suit buyers seeking a rural-like setting without leaving Winnipeg, such as those with hobbies requiring space, families wanting room to grow, or individuals who value long-term land investment potential over a recently built home.
Key Questions & Considerations
1. What does the ranking data actually indicate?
The rankings show the property performs strongest in land size (top 0% in Winnipeg) and value (top 2-5% for assessment and past sale price). Its rankings for living space and age are more average locally, confirming this is a land-centric opportunity rather than a showcase of a new or oversized home.
2. Is the unfinished basement a drawback or an opportunity?
It's a blank canvas. For some, it's immediate storage or utility space. For others, it represents significant potential to add customized living area, a workshop, or additional bedrooms, which could increase the home's functionality to better match the scale of the lot.
3. Who might be particularly interested in a lot this size?
Beyond typical families, it could appeal to home-based business owners needing storage or workspace, gardening enthusiasts, or anyone with recreational vehicles or equipment. The land offers a degree of future flexibility that is increasingly rare in the city.
4. The 2021 sale price was higher than the current assessment. What does this suggest?
This indicates the property's market value can be strong, likely driven by the unique land. It's important to understand current market conditions and have a professional assessment to determine its present worth, as the 2021 sale occurred in a different interest rate environment.
5. What are the practical implications of maintaining 2.4 acres?
Prospective buyers should realistically budget for and consider the time required for lawn care, landscaping, snow clearing on a large driveway, and general upkeep. The privacy and space come with ongoing responsibility and potential costs for equipment or services.