Property Overview
This two-storey home in Wilkes South offers a compelling mix of space, modern convenience, and a uniquely private setting. Its key appeal lies in the substantial 26,492 sqft lot, which is exceptionally large for a 2004-built home, placing it in the top 1% of Winnipeg for land size. This provides immense potential for gardening, recreation, or future expansion. With 2,604 sqft of living space, the home itself is also well above average in size, comfortably accommodating family life. The property suits buyers who prioritize long-term potential and outdoor privacy over a brand-new build, and who value a home that offers more land than typically found in newer subdivisions. It’s ideal for a growing family, someone with hobbies requiring space, or a buyer looking for a canvas to customize both indoors and out over time.
A less obvious perspective is the balance it strikes: you get the modern floor plan and systems of a 22-year-old home, but with the generous, established lot size reminiscent of much older neighborhoods. The rankings also suggest it's a "best in class" property for its size locally, but may be valued more conservatively within its immediate community, presenting a potential value opportunity for the right buyer.
Frequently Asked Questions
1. What does an "unfinished" basement mean for this property?
It means the lower level is a blank canvas with rough-in plumbing likely in place. This is a significant opportunity to add customized living space, a suite, or recreational rooms to an already large home, tailored to your needs.
2. The lot is huge. Are there any restrictions on how it can be used?
You should always verify with the city for zoning bylaws, but a lot of this size typically allows for possibilities like adding a large detached garage, workshop, or even subdividing in the future, subject to municipal approval.
3. How does the property's value compare to others in the area?
The assessment value ranks lower within the community than its size does, which can sometimes indicate a valuation opportunity. It’s wise to research recent sales of similar-sized homes on large lots to understand the current market price.
4. Is the neighborhood family-friendly?
Wilkes South is an established community. The high rankings for lot and home size suggest a neighborhood with spacious properties, which often translates to quieter, more private streets—a plus for families.
5. What are the immediate costs or projects to consider?
The unfinished basement is the primary project. You should also budget for any personal landscaping plans to utilize the large yard, and consider that a home built in 2004 may be approaching the age for updates to items like roofing or HVAC systems.