Property Overview & Appeal
This is a classic 1964-built, one-storey bungalow situated on an exceptionally large, approximately 21,900 sqft lot in Winnipeg's Wilkes South neighbourhood. Its primary and most defining characteristic is the sheer size of its land, which places it in the top 1% of all properties in Winnipeg for lot area. The home itself offers 1,299 sqft of living space with an unfinished basement and an attached garage. While the house is of a vintage that may require updates, its appeal lies firmly in its rare land potential. This property is a prime candidate for buyers looking for a long-term family home with immense outdoor space, or for those with a vision to renovate, expand, or even redevelop the existing structure in the future. It particularly suits a buyer who values land over a turn-key modern interior, sees potential in a solid foundation, and is prepared for a project that capitalizes on one of the city's more substantial residential lots.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this property against others on its street, in its community, and across all of Winnipeg. They highlight that while the home's size and age are fairly typical for the area, its lot size is exceptionally rare and its assessed value is in the top 22% city-wide, largely due to the land.
2. Is the unfinished basement a drawback or an opportunity?
It's a blank canvas. While it means immediate finishing costs, it also allows a new owner to customize the space to their exact needs—whether for storage, a future rec room, or additional bedrooms—without needing to undo previous work.
3. Who would this property not be ideal for?
It may not suit buyers seeking a modern, move-in-ready home without any projects, or those who prefer a low-maintenance yard. The scale of the lot requires more upkeep, and the home's vintage suggests potential updates.
4. The assessed value seems high relative to the home's age and size. Why?
The assessment reflects both the structure and the land. In this case, the valuation is driven predominantly by the value of the large, developable lot in a mature neighbourhood, not by the features of the 1964 bungalow itself.
5. What are the less obvious considerations with such a large lot?
Beyond the obvious space benefits, consider long-term property tax implications based on the high assessment, the potential for landscaping or gardening on a grand scale, and the privacy afforded by the substantial frontage and depth. It also offers a rare sense of openness within the city.