1381 Liberty Street – Property Summary

Key Characteristics & Ideal Buyer Profile

This property stands out for its exceptional size, new construction, and high assessed value across every comparison level. With 3,906 square feet of living space, it ranks in the top 1% citywide in Winnipeg—nearly three times the citywide average of 1,342 square feet. Built in 2023, it is one of the newest homes on Liberty Street and within the Wilkes South neighbourhood, where the average home was built in 1992 and 1996, respectively. The land area of 108,189 square feet is also extremely generous relative to typical city lots (which average 6,570 square feet), though it falls slightly below the neighbourhood average.

The property’s assessed value of $2.37 million places it in the top 1% citywide and top 4% on its street. This combination of new build, large living space, and substantial lot size gives the home a rare profile in Winnipeg.

The primary appeal lies in privacy, space, and prestige. Buyers are likely those who want a brand-new, large home on a sizable lot without compromising on modern finishes or location within an established Winnipeg neighbourhood. It would particularly suit families seeking room to grow, someone looking for a turnkey property in a quieter, likely more affluent area, or buyers who value land and square footage as long-term assets. Less obviously, the large lot may appeal to someone interested in maintaining a semi-rural feel within city limits—gardening, hobby farming, or multi-generational living setups. The new construction also means lower immediate maintenance and energy upgrade costs compared to older homes in the same price bracket.

Frequently Asked Questions

1. How does this property compare to other homes on Liberty Street?
It ranks #4 in living area (top 8%), #2 in assessed value (top 4%), and #1 in year built (top 2%). The lot size sits at #10 on the street (top 20%), meaning it’s large relative to most neighbours but not the absolute biggest.

2. Is the assessed value of $2.37M likely accurate for insurance or resale purposes?
Assessed values in Winnipeg are set by the city for property tax purposes and may lag or lead market conditions. That said, the property’s rankings—top 1% citywide for both living area and land area—support a high value. You should verify with a local appraiser or realtor, but the data suggests it is among the most valuable homes in the city.

3. What is the neighbourhood like in terms of privacy and density?
Wilkes South is a relatively low-density area with larger lots. The property’s land is about 2.5 acres, which is generous but not unusually large for the neighbourhood (where the average lot is 136,915 sq ft). Homes are spaced out, so privacy is good, but you won’t be completely isolated.

4. Is the new construction a significant advantage over older homes in the area?
Yes. The average home on Liberty Street was built in 1992, and across Wilkes South it’s 1996. A 2023 build means modern insulation, windows, mechanical systems, and likely up-to-date electrical. It also gives you a full warranty period, reducing immediate repair risk. However, newer construction in Winnipeg can sometimes mean lower-quality finishes if not custom-built—worth verifying the builder and materials.

5. Could this property be subdivided or used for development in the future?
The lot is large (108,189 sq ft), but its zoning isn’t specified here. Given the neighbourhood’s character and average lot size (136,915 sq ft), the area likely has minimum lot size requirements that may prevent easy subdivision. Check with the City of Winnipeg’s zoning department before assuming development potential. For now, it’s best understood as a single-family estate lot rather than a development parcel.