Property Overview
This is a distinctive, one-storey family home in Winnipeg's Wilkes South neighbourhood, built in 2005. Its defining feature is an exceptionally large, private lot of over 105,000 square feet (approximately 2.4 acres), a rarity within the city. The 1,951 sqft bungalow includes a finished basement, an attached garage, and a swimming pool. Recent market activity is notable, with a sale recorded at $1.24M in July 2024, significantly above its current assessed value of $947,000. The home's appeal lies in its unique combination of suburban convenience with a sprawling, rural-like property, offering immense privacy and space for recreation, gardening, or future expansion.
Key Characteristics & Suitability
The core appeal of 1904 McCreary Road is its land. A lot of this size in Winnipeg is highly uncommon and represents a long-term asset, offering potential beyond the existing home. It suits buyers seeking ultimate privacy, space for hobbies (like gardening or keeping pets), or those who envision building a secondary structure, such as a large workshop or guest house. The in-ground pool and finished basement add ready-made recreation space. This property would best suit a family or empty-nesters who value space over a multi-level floor plan, and who have the means and vision to maintain or enhance a substantial parcel of land. A less obvious perspective is the financial dynamic: the recent sale price suggests buyers are placing a high premium on the land itself, viewing it as a scarce commodity, which may indicate strong future value retention independent of the home's structure.
Frequently Asked Questions
1. What does the lot size actually allow for?
At over 2.4 acres, the lot provides exceptional privacy and space. While subject to local zoning bylaws, it offers potential for extensive landscaping, large gardens, sport courts, or the future addition of outbuildings like a sizable shed or detached garage.
2. How does the recent sale price compare to the assessment?
The home sold for $1.24M in July 2024, which is approximately 31% above its current municipal assessment of $947,000. This typically indicates that market buyers valued the property—especially its rare land component—higher than its government valuation for tax purposes.
3. What is the neighbourhood like, and how does this home rank within it?
The home is in Wilkes South. While its living area is above average for the community, its standout feature is the lot size, which surpasses 99% of properties in all of Winnipeg, making it a unique offering even within its own neighbourhood.
4. Is the pool a major factor in maintenance?
Yes, an in-ground pool requires seasonal opening/closing, regular cleaning, chemical balancing, and winterization. Buyers should budget for ongoing maintenance costs and consider the utility usage during summer months.
5. What might be a less obvious consideration with such a large property?
Prospective buyers should realistically budget for property maintenance beyond standard lawn care. This includes snow removal on long driveways, potential fencing costs, and higher property taxes relative to standard lots, given the premium sale price. The scale of outdoor upkeep is a significant factor.