1307 Liberty Street is a distinctive one-and-a-half storey home in Winnipeg's Wilkes South neighbourhood, built in 1950. Its most defining feature is the exceptionally large, approximately 1.54-acre lot (67,302 sq ft), which places it in the top 1% of properties in Winnipeg for land size. The home itself offers 1,720 sq ft of living space with a finished basement and an attached garage.
The primary appeal lies in the rare combination of a substantial, mature property within the city. It suits buyers looking for space, privacy, and potential—whether for extensive gardening, outdoor recreation, or future expansion. The home would particularly resonate with those who value room to breathe over a newly built structure, and who see the charm and opportunity in a property with established character. It's a canvas for someone with vision, offering a level of outdoor space that is increasingly difficult to find in urban settings.
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What is the true value proposition here? While the home is older and may require updates, the standout value is the land itself. You are purchasing a small estate-sized lot, which offers unparalleled privacy and possibilities compared to typical city lots.
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What should I budget beyond the purchase price? Given the home's age (76 years), a thorough inspection is crucial. Budgeting for potential updates to major systems (like plumbing, electrical, or roofing) and energy efficiency improvements is a prudent step.
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How does the large lot affect maintenance? The expansive yard is a major asset but also requires significant upkeep. Consider the time and cost for lawn care, landscaping, and snow removal. Conversely, it offers the space for dedicated gardens, play areas, or even hobby farming.
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What are the implications of the assessment value rankings? The home's assessed value ranks higher than its size or age, suggesting the assessor places significant value on the lot. However, it's wise to research recent sales of similar unique properties, as standard comparisons may not fully capture its market value.
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Is the neighbourhood a good fit for me? Wilkes South offers a quiet, established community feel. The rankings show the property is older than most in the immediate area, so it's beneficial to explore the neighbourhood to see if the mix of homes and the overall vibe align with your lifestyle.