Property Overview: 1470 Liberty Street, Winnipeg
Key Characteristics & Appeal
This property is a standout offering in Winnipeg’s Wilkes South neighbourhood, built in 1998. Its most defining feature is the exceptionally large, one-acre lot (44,108 sqft), which places it in the top 1% of all properties in Winnipeg for land size. The home itself is a spacious 2,112 sqft bi-level with a finished basement and a combined attached/detached garage setup. Recent market activity is strong, with a sale in July 2023 at $951,000, well above the current assessed value of $869,000.
The appeal lies in the rare combination of generous, modern living space and vast, private outdoor grounds within the city—a true “country-like” setting without leaving Winnipeg. It suits buyers who prioritize land and privacy above all else, such as families seeking room for play, gardening, or future expansion, or those who value the potential for outdoor hobbies and entertaining on a grand scale. The strong value rankings, especially for land size and recent sale price, indicate a property that is both a comfortable home and a competitive asset in the broader market.
Frequently Asked Questions
1. What does the "bi-level" design mean for daily living?
A bi-level typically features a split entry, with living areas spread over two main levels accessed from a central foyer. This design often creates distinct zones for living and sleeping, and can offer good separation of space, but may involve more stairs than a traditional bungalow.
2. How does the massive lot impact maintenance and costs?
While offering unparalleled privacy and space, a one-acre lot requires significant upkeep for lawn care, landscaping, and snow removal. Prospective buyers should budget accordingly for their own equipment or for professional maintenance services.
3. The 2023 sale price is higher than the current assessed value. Why is that?
Assessed values are for municipal tax purposes and can lag behind rapid market changes. The recent sale price is a clearer reflection of current market demand and the premium buyers are willing to pay for such a unique, large-lot property.
4. What is the significance of the combined attached/detached garage?
This flexible setup provides both the convenience of direct access to the home and the potential for a detached workshop, studio, or extra vehicle storage, which complements the property’s expansive, versatile nature.
5. The home ranks highly city-wide but lower within its own street and community. What does this indicate?
This suggests the immediate area may consist of other very substantial properties, making it a prime enclave. The home’s superior rankings across all of Winnipeg confirm its rarity and appeal on a macro scale, even if it's among peers locally.