1384 Liberty Street

Property Overview

This is a distinctive, one-storey family home in Winnipeg's Wilkes South neighbourhood, built in 1989. Its most defining feature is the exceptionally large, private lot of approximately 130,635 square feet (roughly 3 acres), which ranks it in the top tier of properties in the entire city for land size. The home itself is spacious at 2,741 square feet of living space, placing it well above average locally, and includes a finished basement and a combination attached/detached garage.

The appeal here is squarely centered on land and privacy. This isn't just a backyard; it's a private parcel with immense potential for gardening, recreation, or future expansion, all within the city. The home offers comfortable, above-average living space on a property that is now exceedingly rare to find in an urban setting. It would perfectly suit a buyer whose priority is space and seclusion over a new build, such as a multi-generational family, an enthusiast of gardening or outdoor hobbies, or someone looking for a long-term hold in a unique setting. A thoughtful perspective is that the 1989 build year offers modern enough systems and layout while potentially allowing for customization, positioning it as a "blank canvas" property where the land value significantly underpins the investment.

Frequently Asked Questions

1. What does the ranking data (e.g., "top 0% in Winnipeg") actually mean?
It means this property is directly compared to others in its immediate street, wider community, and all of Winnipeg. For land size and assessed value, it ranks in the top 1% of the entire city, highlighting its rarity. For the home's age, it ranks as newer than about 74% of Winnipeg homes, indicating it is not a historical property but a modern one.

2. Is the lot truly usable, or is it mostly wild?
At approximately 3 acres, the lot is substantial. While its current condition isn't specified, the sheer size offers tremendous flexibility. Buyers should consider the costs and vision for maintaining or developing the land to suit their needs, whether as landscaped grounds, natural space, or for other uses.

3. The assessed value is significantly higher than the 2016 sale price. What does this indicate?
The current assessment of $1.505 million, compared to its 2016 sale at $1.231 million, reflects strong market appreciation over eight years, particularly for unique properties with large land components. This assessment is a key municipal valuation for property taxes, not a guaranteed sale price, but it underscores the property's substantial growth in official value.

4. What are the practical implications of a "one-storey" home on such a large lot?
The single-level living is ideal for accessibility and family flow. Combined with the massive lot, it creates a very spread-out, estate-like feel. However, it also means all living space is on one floor, and the large roof and foundation footprint can influence maintenance and utility costs compared to a multi-storey home of equivalent square footage.

5. Who is the most likely buyer for this type of property?
The most likely buyer values land and privacy above all else. This includes families seeking unparalleled outdoor space, individuals with hobbies requiring land (e.g., gardening, keeping pets), or strategic buyers who see the long-term value in holding a scarce urban acreage. It is less suited for those seeking a low-maintenance property or a brand-new, turn-key home without a vision for the land itself.