Property Overview
This is a distinctive property defined by its exceptional land size. Situated on approximately five acres (217,915 sqft), it offers a rare blend of space and privacy within Winnipeg's Wilkes South neighborhood. The home itself is a 1,036 sqft, one-storey bungalow built in 1959, featuring a finished basement and a detached garage. While the house is modest in size and typical of its era, the true value lies in the expansive, blank-canvas lot. Its appeal is for the buyer who prioritizes land over luxury finishes—someone looking for room for hobbies, gardening, potential future expansion, or simply the tranquility of a large, private yard. It suits hands-on owners, families desiring extensive outdoor space, or investors who see long-term potential in the land itself. A thoughtful perspective is that this property trades off a modern or large living area for a level of territorial freedom uncommon in the city, offering a semi-rural lifestyle without leaving the municipal boundaries.
Key Questions & Considerations
1. What is the property's most significant feature?
The land. At nearly five acres, the lot size is exceptionally rare for Winnipeg, ranking in the top tier of all properties in the city for sheer square footage.
2. What should I know about the condition of the home?
The house was built in 1959. Buyers should anticipate the potential for updates or maintenance common to homes of this age, and consider that the living space is relatively compact compared to the land size.
3. How does the value break down?
The assessed value is significantly driven by the land. The rankings indicate that while the house itself is assessed below average for size and age in its area, the total property assessment places it in the top 6% citywide, highlighting the premium for the lot.
4. Is this suitable for someone wanting a move-in ready, modern home?
Likely not. Its appeal is to those who value the land first and are willing to live in a modest, older home, or who have plans to renovate or rebuild over time.
5. What are the practical implications of such a large lot?
Consider factors like landscaping maintenance, property tax implications based on land value, and the potential for specific zoning allowances. It also offers unique possibilities for gardening, recreation, or even keeping animals, subject to local bylaws.