1501 Liberty Street

Property Overview

1501 Liberty Street is a modern, one-storey home in Winnipeg's Wilkes South neighbourhood. Built in 2015, its primary appeal lies in the exceptional combination of a very large, 78,736 sqft lot and a spacious, contemporary residence. The property ranks in the top 1% in Winnipeg for both lot size and assessed value, offering a rare sense of space and privacy within the city. It features a finished basement, a combined attached and detached garage, and over 2,100 sqft of living space.

This home is ideally suited for buyers who prioritize land above all else—whether for gardening, recreation, or future expansion—but do not want to compromise on a modern, move-in-ready house. It would also appeal to those seeking a property with strong investment metrics, as its assessed value significantly outpaces most comparable homes in the area. The layout is practical for families or those who prefer single-level living, while the expansive grounds offer a blank canvas for personalization.

Key Questions for Consideration

1. What does the "combined garage" configuration mean?
   The listing notes a "连体+分体" garage, which typically means there is both an attached garage (for daily convenience) and a separate detached garage (ideal for a workshop, additional vehicle storage, or a hobby space).

2. Is the large lot a benefit or a burden?
   While the nearly 1.8-acre lot provides unparalleled privacy and space, prospective buyers should thoughtfully consider the ongoing maintenance requirements, such as landscaping, snow clearing, and associated costs, which are greater than those for a standard city lot.

3. How does the home's modern build year (2015) impact ownership?
   A home built just 11 years ago likely has updated major systems, modern insulation, and complies with recent building codes, which can mean greater energy efficiency and lower immediate repair costs compared to older homes in the area.

4. The property ranks highly for value but lower within its immediate community. What does this indicate?
   While the home outvalues 99% of Winnipeg properties, it surpasses only 74% within Wilkes South. This suggests the immediate neighbourhood may contain other high-value homes, offering a desirable area with a strong market, but also indicating competitive pricing at this premium level.

5. What is the potential downside of a one-storey design on such a large lot?
   The single-level layout offers excellent accessibility and flow. However, on a lot of this size, a bungalow design results in a larger building footprint, which can reduce the amount of usable yard space directly surrounding the house compared to a two-storey home with the same square footage.