Property Overview

This is a distinctive property defined by its exceptionally large, 2.6-acre lot (113,080 sq ft) in Winnipeg's Wilkes South neighbourhood. The home itself is a modest, 1,240 sq ft one-storey bungalow built in 2000, featuring an unfinished basement and an attached garage. Its primary appeal lies not in the size of the house, but in the rare scale and potential of its land. The property ranks in the top tier city-wide for lot size, offering a level of privacy and space uncommon within the city limits. It would suit a buyer looking for a project—whether that's creating extensive gardens, keeping hobby animals, or eventually expanding or replacing the existing home. It's also a solid entry point into a mature neighbourhood for those who value land over lavish square footage. A less obvious perspective is that the large, undeveloped lot offers a unique hedge, as the land itself represents a significant portion of the property's value and future potential, independent of the dwelling.

Key Questions & Answers

1. Is the land usable as-is, or are there restrictions?
While the lot is massive, buyers should verify zoning with the city to understand permitted uses, any potential environmental considerations, and requirements for subdividing, if that is of interest.

2. Why is the assessed value relatively high compared to its street ranking?
The assessment reflects the combined value of the house and, more significantly, the very large lot. Its ranking on the street for value (top 86%) indicates the lot size makes it a higher-value property compared to its neighbours with standard residential plots.

3. What are the implications of the "unfinished basement"?
This means the below-ground space is in a rough state, likely with concrete walls and floors, awaiting development. It offers significant storage and future living space potential but requires a full renovation to be utilized as living area.

4. How does the home's smaller size compare to the neighbourhood?
The living area is notably smaller than most in the area (ranking in the bottom 6% for the community), confirming this is a land-centric purchase. The house functions as a comfortable but basic dwelling.

5. What should I consider regarding maintenance on a lot this size?
Factor in the cost and time for landscaping, snow clearing on a long driveway, and general upkeep of a large, open property. The sheer scale makes typical residential equipment often insufficient.