Property Overview: 15 Peace Road, Winnipeg
Section 1: Key Characteristics & Appeal
This is a unique, one-storey home on an exceptionally large, mature lot of over 35,700 square feet in the Wilkes South neighborhood. Built in 1985, the 1,624 sqft bungalow sits on a property that ranks in the top 1% in Winnipeg for sheer land size, offering immense privacy and space rarely found within the city. The home features a split garage and no basement.
Its primary appeal lies in the extraordinary potential of the land itself. This isn't just a yard; it's a canvas for extensive gardening, recreational space, or future expansion. The property suits two distinct types of buyers: first, those seeking a peaceful, grounded lifestyle with room to breathe, who value outdoor space over a large or modernized house. Second, it appeals to strategic investors or builders who recognize the long-term value and development potential inherent in such a sizable urban lot. The home itself offers a functional layout, but the true value proposition is the land and the privacy it affords.
Section 2: Frequently Asked Questions
1. What does the ranking data actually mean for this property?
The data shows a property of contrasts. While the home's assessed value and age rank in the middle-to-lower percentiles for the area, its land size is in the 99th percentile city-wide. This highlights that you are purchasing a premium lot with a modest home on it.
2. Is the lack of a basement a significant drawback?
It depends on your needs. It limits storage and potential for a developed rec room, but it also means no risk of basement flooding or moisture issues, which can be a plus. The ample above-ground living space and enormous lot may compensate for this for many buyers.
3. Who would the "strategic investor" or builder be for this type of home?
This could attract someone interested in holding the land for future value appreciation, or a builder considering the possibility of subdividing the large lot (subject to city zoning approval) or eventually replacing the existing home with a new build.
4. What are the practical implications of maintaining such a large lot?
Prospective buyers should realistically budget for and consider the time or cost associated with lawn care, landscaping, and snow removal on a property of this scale. The privacy it offers comes with ongoing maintenance responsibility.
5. The home is older—what should I focus on during a viewing?
Given the age, pay close attention to the condition of major systems: the roof, windows, heating, and electrical. The focus should be on the integrity of the structure and mechanicals, as the value is weighted heavily toward the land, not high-end interior finishes.