Property score
86.5
Excellent
Overall 86.5 · Smaller than most nearby homes
1,651 sqft (bottom 20%) · Built in 2001 (5 yrs newer than avg)
Located in a high-income area with median household income of ~159k
Transit 40.0 · 5-min walk to transit with 1 nearby route · Within 500m: 1 place of worship nearby
Living Area
Below average
31% smaller than neighborhood avg.
Year Built
Near average
5 yrs newer than neighborhood avg.
Mother tongue
English · 81%Chinese · 1%
Past 10 years Wilkes South sales snapshot (~80% of all data)
58
1.6M
$506/sqft
1996
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86.5 is composed by the two sections below.
Property Score
Community Score
Wilkes South
How to read: Share of sales in each ~$50k price band for “wilkes south” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111062
$159K
Median household income
$456K
Average household income
5%
Low income (LIM-AT)
0.5
Income inequality (Gini)
4.0
P90 / P10 ratio
10%
Single-person households
47%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
1261 Liberty Street — 1 amenities found within 500 m, across 1 categories.
Wilkes South · WPS public data · 2025
Annual incidents
28
2025
vs. city avg
-5%
relative to avg
Year-over-year
▲ +12%
vs. prior year
Primary type
Property
64%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 3% | Top 21% |
Request exact sold prices and history by email
Address · Distance
Address · Tax-Assessed Value
Property Overview
1261 Liberty Street is a distinctive, one-storey family home in Winnipeg's Wilkes South neighbourhood. Its primary appeal lies in its exceptional land size of over 77,000 square feet—a rare urban holding that places it in the top 1% of properties in Winnipeg for lot size. Built in 2001, the home features 1,651 sqft of living space, a finished basement, and a detached garage.
The property suits buyers looking for long-term potential and space over immediate luxury. It's ideal for someone with a vision for extensive gardens, outdoor recreation, or future expansion, valuing private outdoor space above all else. The home itself is practical and modern enough, but the true value is in the land. It also appeals to buyers seeking a relative bargain within a premium category; while its assessed value is in the top 3% city-wide, the price per square foot of land is likely more accessible than for a similarly sized lot in a more central, established area. A less obvious perspective is its appeal to multi-generational families; the vast, flat lot and single-storey layout offer flexibility for adding a separate suite or accessible living spaces.
Frequently Asked Questions
1. What can be done with such a large lot?
Beyond traditional gardening, the lot offers potential for significant landscaping projects, installing sport courts or a swimming pool, or even subdividing in the future, subject to municipal zoning and approval. It provides a level of privacy and scope for outdoor activities uncommon in the city.
2. How does the home's condition compare to the land's value?
The 2001 build is relatively modern, but the home's size and finishings are modest relative to the land it sits on. Buyers should view it as a comfortable, updated dwelling on a premium parcel, where the investment is primarily in the property's future potential rather than in high-end interior features.
3. Is the neighbourhood consistent with this property's scale?
Wilkes South is a mature, established community. A lot of this size is an outlier, offering more seclusion and space than most neighbours. This means you get a semi-rural feel while still being within city limits and community amenities.
4. Why is there such a gap between the 2017 sale price and the current assessment?
The significant increase reflects strong market appreciation over seven years, but more specifically, it highlights the rising premium placed on large, developable land within the city. The assessment recognizes the unique and increasingly scarce value of the land itself.
5. What are the practical considerations of maintaining a 1.78-acre city lot?
Prospective buyers should budget for higher costs in landscaping maintenance, snow clearing (with a long driveway), and potentially higher utility costs for exterior lighting or watering. The rewards of space come with greater responsibility for its upkeep.
