Key Characteristics & Appeal

This property at 1880 Mccreary Road stands out for its exceptionally large land area. At nearly 220,000 square feet, the lot ranks in the top 1% citywide in Winnipeg, and is well above average even within its own neighborhood of Wilkes South. In contrast, the house itself is assessed at $498,000—significantly below the typical value on its street and in the surrounding area, though above the citywide median. The home was built in 1996, matching the average for both the street and neighborhood.

The appeal here lies in the land. For buyers who need space for outbuildings, gardens, animals, or simply want privacy and separation from neighbors, this lot offers a rare opportunity within the city. The relatively modest assessed value of the house suggests it may need updates or is smaller than neighbors, but the land itself carries the value. This property would best suit buyers who prioritize acreage over a turnkey home, such as hobby farmers, equestrian owners, families wanting room for kids to roam, or someone looking to build a new primary residence on a prime lot while living in the existing house temporarily.

Five Possible FAQs

1. Why is the assessed value so low compared to other homes on the same street?
The assessed value ranks at the bottom of Mccreary Road because other homes on the street are likely larger, more recently updated, or have higher-quality finishes. Your property’s value is driven by the land, not the house. This can be an advantage if you’re looking for lower property taxes relative to the land size.

2. Is the land usable as-is, or does it require significant work?
The raw data doesn’t describe the condition of the land, but 219,879 square feet is larger than most residential lots in Winnipeg. You’ll want to verify zoning, soil conditions, and any environmental restrictions before planning major uses like farming or building additional structures. A percolation test and survey are recommended.

3. How does the neighborhood compare to others in Winnipeg for lot sizes?
Wilkes South is already a neighborhood with above-average lot sizes—averaging about 137,000 square feet—so this property is in a strong area for land. Citywide, typical lots are under 7,000 square feet, so even a standard lot in this neighborhood is unusually large by Winnipeg standards.

4. What does “Top 20% citywide” for assessed value actually mean?
It means this property’s total assessed value ($498k) is higher than 80% of all homes in Winnipeg. This reflects the combined value of house and land. Despite being inexpensive compared to neighbors, it’s still a valuable asset citywide, largely because the land itself is worth well above average.

5. Is this property a good candidate for subdivision or development?
Given the land area—top 1% in the city—it may be possible to subdivide, depending on local zoning and minimum lot size requirements in Wilkes South. However, this is not guaranteed. You should contact the City of Winnipeg’s planning department and review the property’s zoning designation before assuming subdivision is feasible. The existing house’s low assessment doesn’t necessarily reflect development potential.