1595 Charleswood Road – Property Summary

1. Key Characteristics & Buyer Profile

This is a 2,015-square-foot home built in 2005, sitting on just over 2.4 acres of land in the Wilkes South area of Winnipeg. The property ranks in the top 1% citywide for both assessed value ($943,000) and land area (106,328 square feet), which gives it a distinctly different profile from most homes on the market. On its own street, it ranks in the top 6% for value and top 10% for newer construction. The neighborhood average for land is actually larger (136,915 sqft), so the lot is good but not oversized by local standards—it’s the citywide contrast that’s dramatic.

The appeal here is twofold. First, the land: a lot this size inside a major city is rare, and it offers privacy, space for gardens, workshops, or future subdivision potential (subject to zoning). Second, the home itself is modern by Winnipeg standards—built in 2005, which avoids many of the maintenance issues older homes face. Living area is above average for the street and well above the citywide average, but not oversized relative to the land.

This property would suit buyers who want acreage-like space without leaving the city—families who need room for kids and pets, hobbyists (garage, storage, landscaping), or someone looking for a long-term hold with land-bank potential. It’s less suited to buyers who want a turnkey, low-maintenance property or a compact inner-city lot. The assessed value is high for the street but about average for the neighborhood, suggesting the home itself isn’t an outlier—it’s the combination of land, newer build, and location that lifts the total.

2. Five Possible FAQs

Q: How does the assessed value compare to similar homes nearby?
On Charleswood Road, the value is well above average (top 6%), but within the Wilkes South neighborhood it sits around the middle (top 35%). That means the street has some lower-value homes, but the local area overall has comparable or higher values. The citywide top-1% ranking reflects Winnipeg’s broad mix, not a local luxury market.

Q: Is the land size unusual for this neighborhood?
Yes and no. The lot is in the top 1% citywide, which is extreme by any standard. But within Wilkes South, it’s actually slightly below average—the neighborhood median lot is about 137,000 sqft. So you’re getting a large lot by city standards, but not exceptionally large for the immediate area.

Q: What year was the home built, and how does that affect maintenance?
Built in 2005, it’s newer than ~90% of homes on the same street and about 40 years newer than the citywide average. That typically means modern insulation, wiring, plumbing, and foundation standards. Major systems (roof, HVAC) are likely original or approaching 20 years old, so a home inspection is still wise, but the risk of deferred maintenance from older construction is low.

Q: How does the living space compare to other homes in the area?
At 2,015 sqft, it’s above average for the street (1,517 sqft average) and citywide (1,342 sqft), but below the neighborhood average of 2,399 sqft. That means the house itself is not unusually large for Wilkes South—the value comes more from land, location, and newer construction than from sheer square footage.

Q: Is this property suitable for redevelopment or subdivision?
The land area (106,328 sqft / 2.44 acres) is substantial, but it’s important to check local zoning and planning rules before assuming subdivision is possible. Wilkes South has larger lots on average, which might indicate minimum lot size requirements. A consultation with the city planning department or a land-use lawyer would be the next step before making any assumptions about future use.