Property score
77.3
Good
Overall 77.3 · Smaller and older than most nearby homes
1,395 sqft (bottom 8%) · Built in 1962 (34 yrs older than avg)
Located in a high-income area with median household income of ~159k
Transit 0.0
Living Area
Below average
42% smaller than neighborhood avg.
Year Built
Below average
34 yrs older than neighborhood avg.
Mother tongue
English · 81%Chinese · 1%
Past 10 years Wilkes South sales snapshot (~80% of all data)
58
1.6M
$506/sqft
1996
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77.3 is composed by the two sections below.
Property Score
Community Score
Wilkes South
How to read: Share of sales in each ~$50k price band for “wilkes south” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111062
$159K
Median household income
$456K
Average household income
5%
Low income (LIM-AT)
0.5
Income inequality (Gini)
4.0
P90 / P10 ratio
10%
Single-person households
47%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
Wilkes South · WPS public data · 2025
Annual incidents
28
2025
vs. city avg
-5%
relative to avg
Year-over-year
▲ +12%
vs. prior year
Primary type
Property
64%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 22% | Bottom 17% | Top 16% |
Request exact sold prices and history by email
Address · Distance
Address · Tax-Assessed Value
Property Overview & Appeal
This 1962-built, one-storey home in Wilkes South sits on an exceptionally rare and private 5-acre lot, a feature that defines its character and places it in the top tier of Winnipeg properties for land size. With nearly 1,400 sqft of living space, an unfinished basement, and an attached garage, the house itself is a functional, no-frills canvas. Its primary and overwhelming appeal lies in the immense potential of its expansive, tranquil grounds, which offer a level of privacy and space virtually unmatched within the city. The property’s high assessment value relative to its 2016 sale price suggests significant appreciation, largely driven by the land.
This home is ideally suited for a specific buyer: one who values land and privacy above a turnkey, modern home. It’s a perfect match for someone with a vision—whether for extensive gardening, hobby farming, or future expansion—and the willingness to update the interior over time. It also appeals to those seeking a peaceful, country-like setting while remaining within Winnipeg’s limits, offering a unique retreat without the long commute.
Key Questions for Consideration
What does "unfinished basement" mean for this specific property?
Given the home's age and modest living space above ground, the basement represents a major opportunity for expansion. Buyers should investigate its condition, ceiling height, and potential for development to significantly increase the home's functional square footage.
Are there any restrictions or unique costs associated with a 5-acre lot in the city?
While offering incredible privacy, a lot of this size may come with considerations not typical for standard residential plots. It's wise to inquire about zoning bylaws, well and septic systems (if not on city services), and the practicalities and costs of maintaining such a large parcel of land.
The home ranks very low for its age and size within its immediate neighborhood. What does this indicate?
The rankings show that most nearby homes are newer and larger. This suggests the area has been redeveloped over time, making this property one of the original holdings. For a buyer, this context highlights the lot's rarity but also means the existing house may feel modest compared to newer neighbors.
How does the property's high city-wide ranking for value align with its features?
Ranking in the top 9% of Winnipeg for assessed value, despite the home's age, clearly signals that the assessment is heavily weighted toward the land value. This is a crucial data point for understanding the property's financial worth and tax implications.
What is the realistic potential for this property?
The potential falls into two clear paths: enjoying the land as a private oasis while making gradual updates to the home, or viewing it as a long-term holding with the ultimate option to redevelop. The value is firmly in the land, making it a strategic purchase for a patient buyer focused on space over immediate modern finishes.
