1400 Liberty Street

Property Overview

1400 Liberty Street presents a unique proposition in Winnipeg's Wilkes South neighbourhood. Its primary appeal lies in the exceptional land size—over 54,000 square feet—which is a rare find within the city and places it in the top 1% of all Winnipeg properties for lot size. The home itself is a 1,930 sqft, one-storey bungalow built in 1972, featuring an unfinished basement and an attached garage. While the house ranks in the middle tiers for size and condition within its immediate area, the sheer scale of the land offers transformative potential beyond the existing structure.

This property would best suit a specific type of buyer: those who value space and privacy above turn-key convenience. It's ideal for someone with a vision for extensive outdoor use—whether for gardening, recreation, or keeping animals—or for a buyer planning a future renovation or rebuild who wants to secure a massive lot now. It’s less suited for those seeking a modern, low-maintenance home without any projects.

A less obvious perspective is the value of "permission" that comes with such a lot. The space allows for additions like a large workshop, secondary suite, or pool that wouldn't be feasible on a standard plot. Additionally, its rankings suggest it's a property of contrasts: it sits on a premier piece of land, yet the dwelling itself is more modest, indicating that its true value is anchored in the dirt it sits on rather than the current structure.

Frequently Asked Questions

1. What can the land be used for?
The 1.25-acre lot is zoned residential. Its vast size allows for possibilities not found on typical city lots, such as extensive landscaping, large gardens, substantial outdoor storage or workshops (subject to bylaws), and plenty of room for children or pets to play.

2. Is the basement developable?
Yes, the basement exists but is currently unfinished. This presents a straightforward opportunity to add significant living space, such as additional bedrooms, a family room, or a rental suite, according to the buyer's needs and budget.

3. How does the age of the home affect its value?
Built in 1972, the home will likely require updates to mechanical systems, windows, or insulation. However, the property's overall value is heavily weighted toward the land. A buyer should budget for modernizations but can be confident that the lot itself is a lasting and appreciating asset.

4. Why are the assessment rankings for the house itself lower than for the land?
The rankings compare specific features. The lot size is exceptional (top 1%), while the home's size, assessed value, and age are more average or below average for its immediate area. This highlights the property's character: you are primarily purchasing land with a usable existing home.

5. What is the neighbourhood like?
Wilkes South is a mature, established community. The property's rankings show it is on a street with a mix of homes, and it offers more privacy and space than 99% of properties in Winnipeg, while still being part of a conventional residential area.