Property Summary: 58 Peace Road, Winnipeg
Key Characteristics & Appeal
This property is defined by two standout features: an exceptionally large, private lot and a modern, low-maintenance home. The nearly 2.65-acre (115,315 sq ft) lot is its most significant asset, offering a rare level of space and seclusion within Winnipeg, ranking in the top tier of all city properties for land size. The house itself is a 2009-built, one-storey bungalow with 1,484 sq ft of living space and an unfinished basement, presenting a move-in-ready canvas. It includes both attached and detached garage options.
The appeal lies in the unique balance of rural-like privacy with the convenience of city services. It perfectly suits buyers seeking space for hobbies, gardening, or future expansion without leaving the city limits. It would fit a downsizer looking for single-level living with ample outdoor room, or a family prioritizing space for children and pets to play over a larger interior footprint. A thoughtful perspective is the long-term flexibility; the vast, blank-slate lot and unfinished basement offer significant potential for customization, whether adding a workshop, expanding the home, or simply enjoying unspoiled green space.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in the Wilkes South neighbourhood, and across all of Winnipeg. For example, its land size is larger than 100% of Winnipeg properties, meaning it's in the top 0% for lot size. This provides quick context for its relative standing in key metrics.
2. Is the property in a flood zone or have any land-use restrictions?
Prospective buyers must verify this directly with the city. A lot of this size may have specific zoning regulations or environmental considerations that affect what can be built or how the land can be used.
3. What are the estimated annual property taxes?
Based on the current assessed value of $579,000, you should consult the City of Winnipeg's tax calculator for an accurate estimate, as the final tax bill incorporates the annual mill rate.
4. Why is the home's living area ranking lower than the lot ranking?
The rankings reflect different priorities. The house is a comfortable, modern bungalow, but its square footage is modest compared to the enormous lot. This highlights the property's core offering: you are primarily investing in land and privacy, with a functional, newer home included.
5. What is the condition of the well and septic system?
For a rural-style lot of this size, confirming the operational status, capacity, age, and compliance of the private water and wastewater systems is an essential due diligence step before purchase.