Property Overview & Appeal
This property is defined by its exceptionally large, one-acre lot in the Wilkes South neighborhood. The 1998-built, single-story home offers 1,798 sq ft of living space, an attached garage, and an unfinished basement. Its primary appeal lies in the rare combination of a substantial, blank-canvas yard within city limits and a modern, low-maintenance bungalow layout. The lot size ranks in the top tier for Winnipeg, offering unparalleled privacy and space for gardens, recreation, or future expansion.
It would suit buyers prioritizing land over luxury finishes—ideal for families seeking room to play, hobbyists or gardeners craving space, or those looking for a long-term property with the potential to customize both the home and grounds. The unfinished basement and solid core structure also make it a fit for DIY enthusiasts planning a personalized finish. A less obvious perspective is its appeal to multi-generational living plans; the vast lot could accommodate a secondary suite or accessory building, subject to approvals.
Frequently Asked Questions
1. What does the lot size actually offer?
At just over 109,000 sq ft (2.5 acres), it provides exceptional privacy and space rarely found in the city. It's a unique opportunity for extensive landscaping, large gardens, or adding outdoor structures like a workshop or large shed.
2. Is the house in good condition for its age?
Built in 1998, the home is relatively modern, which typically means fewer major system concerns compared to older stock. The unfinished basement also allows for a clear inspection of the foundation and utilities.
3. Who is the typical buyer for this property?
Buyers are likely those valuing land and potential over turn-key luxury. This includes growing families, outdoor enthusiasts, or long-term planners who see value in customizing both the home and the extensive grounds over time.
4. What are the trade-offs for such a large lot?
While offering immense space, a lot of this size requires more maintenance (lawn care, snow clearing) and may have higher associated utility or landscaping costs. The property's value is heavily tied to the land.
5. How does the assessment value relate to the asking price?
The municipal assessment of $715,000 provides a baseline for taxation, not market value. Its high percentile ranking (top 3% in Winnipeg) confirms the property's significant value is in the land asset, but the final sale price will be determined by current market demand for this unique offering.