3776 Wilkes Avenue

Property Overview: 3776 Wilkes Avenue

Key Characteristics & Appeal

This is a modern, single-storey home built in 2024, offering a turnkey living experience in Winnipeg's Wilkes South neighbourhood. Its primary appeal lies in its combination of new construction, significant space, and a uniquely large private lot. With over 2,500 sqft of living space and an unfinished basement, it provides ample room for a growing family. The standout feature is the land itself—at over 232,900 sqft (approximately 5.35 acres), the property ranks in the top tier for size within the entire city, offering exceptional privacy and potential for extensive outdoor use, from gardening to recreation.

The home suits buyers seeking a contemporary layout without the wait or hassle of building, who value both indoor square footage and extensive outdoor space. It’s ideal for those wanting a retreat-like setting within the city, where the vast yard could accommodate hobbies, future expansions like a workshop or pool, or simply peaceful seclusion. The property’s top rankings for lot size, newness, and value in its immediate area underscore its rarity and premium positioning, catering to buyers looking for a long-term home with standout attributes in a established community.

Frequently Asked Questions

1. What does the "unfinished basement" entail?
The basement is included in the home's footprint but is not developed. It presents a blank canvas for future expansion, allowing the next owner to customize additional living space, a home gym, or storage according to their specific needs and budget.

2. How does the property's large lot size impact maintenance and costs?
While offering unparalleled privacy and space, a lot of this scale requires consideration for landscaping, snow removal, and general upkeep, which may involve higher costs or more equipment/time than a standard residential plot. It's an advantage for those who enjoy or have plans for the land.

3. Is the property in a flood zone or have any land-use restrictions?
Prospective buyers should always conduct due diligence. With a lot of this size and location, it is advisable to verify zoning bylaws, any potential environmental regulations, and flood plain maps with the city to understand all permitted uses and obligations.

4. The home is new, but what about the neighbourhood's character?
Wilkes South is an established community, so while this home is brand new, the surrounding area consists of a mix of older and newer properties. This offers mature greenery and settled infrastructure, with this home representing one of the most recent additions.

5. What might explain the value assessment being high for the street but moderate for the wider community?
The home's assessed value is the highest on its street, reflecting its newness and size. The slightly lower percentile ranking within the broader community suggests that while exceptional on its own block, the immediate neighbourhood may contain other high-value properties, providing a balanced perspective on its market position.