Property Overview
This 1997-built, single-story home sits on an exceptionally large, nearly 2.3-acre lot in Winnipeg's Wilkes South area. Its primary appeal lies in the rare combination of a manageable 1,583 sqft house paired with vast, private land, offering significant space and potential without the upkeep of a much larger residence. Key features include a full (unfinished) basement and an attached garage.
The property is best suited for buyers who prioritize land over living square footage. This could include someone seeking extensive outdoor space for hobbies, gardening, or pets, a buyer looking for a long-term project with room to expand, or those desiring a strong sense of privacy and room to breathe within the city. It’s a practical option for those who find typical suburban lots limiting. The home itself, while not the newest or largest on its street, offers a solid foundation on a standout parcel of land.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings show this property's standout feature is its lot size, which is larger than 100% of compared Winnipeg properties. While the house is average in size and age for its immediate area, the land itself is exceptionally rare in the broader market.
2. Is the unfinished basement a drawback or an opportunity?
It depends on your vision and budget. It's a drawback for those seeking immediate, finished living space. However, it represents a clear opportunity to add significant customized square footage (like a rec room, suite, or workshop) to the already spacious property, which could be a valuable long-term investment.
3. Who would benefit most from such a large lot?
Beyond obvious uses like gardening, it's ideal for anyone with space-intensive hobbies (woodworking, car restoration), multiple or large-breed dogs, or a desire for ultimate privacy and distance from neighbors. It also offers potential for future additions like a large shed, studio, or even subdivision, subject to zoning.
4. How does the assessment value relate to the asking price?
The assessment value of $691,000 is a municipal valuation for tax purposes and may not reflect current market value. It does indicate the property is considered high-value relative to most in Winnipeg (top 4%), likely due to the land size. The actual sale price will be determined by market conditions.
5. What should I consider about the home's age and condition?
Built in 1997, the home is approaching a point where major components (roof, HVAC, windows) may need inspection or planned replacement. A thorough pre-purchase inspection is crucial to understand the condition and factor any updates into your budget, balancing them against the unique land value.