Property Overview: 1390 McCreary Road
Key Characteristics & Appeal
This property is defined by its remarkable five-acre lot, a rare offering within Winnipeg that provides exceptional space and privacy. The two-storey home, built in 1982, offers over 3,500 sqft of finished living space, including a developed basement, catering to a need for ample room. Its primary appeal lies in its unique position: it combines the utility of a large family home with the expansive potential of a land parcel, all within city limits. The rankings indicate it outperforms nearly all city homes in terms of lot and living area size, while being more modestly assessed than its sheer scale might suggest.
It would perfectly suit buyers who prioritize land over a turnkey, modern build—think multi-generational families, hobbyists, or those with pets seeking room to roam. It also appeals to a visionary buyer who sees value in the land itself, whether for future subdivision potential (subject to city approval), gardening, or simply the peace of a private, country-like setting minutes from urban amenities. The trade-off is an older home that may require updates, making it less suitable for those seeking a low-maintenance or contemporary property.
Frequently Asked Questions
1. What does the "land size" ranking actually mean?
The data shows this property's lot size is larger than 100% of comparable listings in Winnipeg, meaning it is, by this metric, the top tier. It's an exceptionally large parcel for the city.
2. The home was built in 1982. What should I consider?
While the home offers significant space, a build of this age will likely have original or aging core components, such as the roof, windows, and major mechanical systems (furnace, water heater). Budgeting for updates or thorough inspections is advisable.
3. Are there any additional costs associated with such a large lot?
Yes, potential buyers should consider higher municipal property taxes relative to standard lots, potentially increased insurance costs, and the ongoing maintenance (e.g., landscaping, snow clearing) of a 5-acre property.
4. Is the land usable for anything beyond the single home?
The land is zoned for its current residential use. Any other use, such as building a secondary suite, adding outbuildings, or future subdivision, would require investigation and approval from the City of Winnipeg's planning department.
5. How does the assessment value relate to the likely selling price?
The municipal assessment of $902,000 is for taxation purposes and is not a direct indicator of market value. The sale price will be determined by current market conditions, the property's unique characteristics, and buyer demand for a lot of this rarity.