Property Overview
This 1971 bi-level home at 1450 Liberty Street in Winnipeg's Wilkes South neighbourhood presents a unique proposition. Its most defining characteristic is the exceptionally large, approximately 1.3-acre lot (58,123 sq ft), which places it in the top 1% of properties in Winnipeg for land size. The home itself features 1,212 sq ft of living space, a finished basement, and an attached garage. While the house is of average size and age for its immediate area, the property's immense land parcel is its standout feature, offering rare potential in the city.
The appeal here lies squarely in the land. It suits a buyer with a vision for space—whether that's for extensive gardening, recreational use, privacy, or future development (subject to zoning). It's a fit for someone who values outdoor potential over a large or modern house, or an investor/developer eyeing the long-term value of a substantial urban lot. A thoughtful perspective is that this property trades typical street-level curb appeal for a private, backyard-centric lifestyle; the value is in what you can create on the land, not necessarily what you see from the front door.
Frequently Asked Questions
1. What can the land be used for?
The lot is residential, so its primary use is for the existing home and private enjoyment. Any subdivision or significant development would require research into current City of Winnipeg zoning bylaws and obtaining the necessary permits.
2. Is the house in good condition?
As a 55-year-old home, a thorough professional inspection is essential. The listing notes a finished basement, but the condition of major systems (roof, plumbing, electrical, foundation) relative to its age should be a key focus of due diligence.
3. Why is the assessed value higher than many neighbouring properties?
The municipal assessment ($506,000) reflects the value of the entire property, with a significant premium attributed to the unusually large land size compared to standard residential lots in Winnipeg.
4. What are the annual property taxes?
Taxes are not listed here. The final amount is based on the municipal assessment and the annual mill rate. You can estimate this by contacting the City of Winnipeg Tax Department or your real estate representative.
5. Are there any extra costs associated with such a large lot?
Potentially. Considerations could include higher costs for landscaping maintenance, private snow clearing if the driveway is extensive, and possibly different insurance considerations. It's wise to factor these into your ongoing budget.