Property Overview
This is a distinctive, single-family home situated on an exceptionally large, 2.5-acre lot in Winnipeg's Wilkes South neighborhood. Built in 1998, the 1,988 sqft bungalow features a finished basement and an attached garage. Its most defining characteristic is the vast, private land, which ranks in the top tier for lot size across the entire city. The home itself offers above-average living space compared to most Winnipeg properties. While its interior finishes reflect its late-90s build, the property's immense value lies in its land and privacy within the city limits. It would perfectly suit buyers seeking space for hobbies, gardening, or future expansion, who value seclusion over a brand-new interior. It also appeals to those looking for a property where the land asset is a significant portion of the total value.
Key Details & Questions
Q: What is the property’s biggest advantage?
A: The unparalleled lot size. At over 109,000 sqft, it offers a rare level of privacy and potential in Winnipeg, functioning more like a rural acreage while still being within city services.
Q: Is the house modern or recently updated?
A: The home was built in 1998. Buyers should be prepared for interiors that may reflect that era and likely require cosmetic updates or maintenance consistent with a 28-year-old home.
Q: How does it compare to other homes in the area?
A: The data shows it excels in land size (top 0% in Winnipeg) and living space (top 10%). It is more average within its immediate street and community for assessed value and age, meaning the premium is primarily for the land.
Q: What kind of maintenance should be anticipated?
A: Beyond standard home upkeep, a lot of this size requires significant seasonal maintenance (e.g., lawn care, snow clearing). The long driveway and extensive grounds are a consideration for both time and equipment costs.
Q: Is this a good investment?
A: Its value is highly tied to its unique, scarce asset—the large urban lot. This can be a strength, but market appeal may be more specialized compared to a standard suburban home. It's a solid investment for the right buyer who will utilize the land.