Property Summary: 3786 Wilkes Avenue
Key Characteristics, Appeal & Target Buyer
This is a distinctive property defined by its extraordinary land size. Situated on over 464,800 square feet (approximately 10.7 acres) in Winnipeg's Wilkes South area, the 2003-built, 2,434 sqft bungalow offers a rare opportunity for substantial space and privacy within the city. Its appeal lies not in luxury finishes—the basement is unfinished and the home is of a practical, one-storey design—but in the immense potential of the land itself. The property ranks in the top 1% of its community and the entire city for lot size, and it also features above-average living space and a high assessed value for its area.
It would perfectly suit a buyer whose priority is land over a turnkey home. This could include someone seeking extensive gardens, recreational space, or room for animals. It also presents a unique canvas for a major renovation or future development (subject to zoning), appealing to builders or visionary homeowners. The high rankings for value and living space suggest the existing home is a solid foundation, but the true draw is the unparalleled scale of the property, offering a semi-rural feel with city proximity.
Frequently Asked Questions
1. What can the land be used for?
While the current residential zoning dictates use, the sheer size offers flexibility for expansive landscaping, outbuildings (like a large workshop or barn, pending permits), or future subdivision potential. A buyer should consult directly with the City of Winnipeg's planning department to understand specific possibilities and restrictions.
2. Is the property value primarily in the land or the house?
The data strongly indicates the value is heavily weighted toward the land. The lot size ranks in the 100th percentile for Winnipeg, while the house, though spacious, is newer than only 19% of city homes. The high assessment value is likely a reflection of this unique land asset.
3. What are the annual property taxes?
Property taxes are not listed in the provided details. Given the assessed value of $946,000, taxes will be significant. A buyer must contact the municipal tax office for the exact annual amount to factor into their budget accurately.
4. Why is the basement unfinished after 23 years?
This is not uncommon for properties where the focus has been on the land. It suggests the owners may not have needed the space, presenting a clear opportunity for a new owner to customize and add significant finished square footage to the home, increasing its utility and value.
5. How does the age and style of the home impact its appeal?
Built in 2003, the home is modern enough to have contemporary building standards but may require updates to finishes and systems. Its one-storey (bungalow) design is a major asset for accessibility and single-level living, which appeals to a wide range of buyers looking for long-term practicality, especially on such a large property.