384 Desrosiers Drive

Property Overview & Key Characteristics

This property at 384 Desrosiers Drive in Winnipeg's Canterbury Park neighbourhood presents a unique opportunity. Its key appeal lies in the land itself—a 3,780 sqft lot that ranks in the top 4% for size on its street. The assessed value is notably low compared to nearby properties, which may indicate potential for the land or a very modest existing structure. The home appears to be one of the older properties in the area, ranking at the very top for age (newer = better rank) on its street and in the wider city, suggesting it could be a prime candidate for redevelopment or a significant renovation project.

This home would suit a specific type of buyer: an investor, builder, or hands-on purchaser looking for a value proposition centred on location and lot potential rather than a move-in ready home. Its appeal is for those who see opportunity in the discrepancy between the lot size/street ranking and the current assessed value. A thoughtful perspective is that while the data shows it's surrounded by homes with similar low assessments, a newer build just down the street (298 Desrosiers) has a dramatically higher value, highlighting the potential upside in this area.

Frequently Asked Questions

1. Why is the assessed value so much lower than other homes nearby?
The assessed value is based on the property's current state as determined by the assessor. A very low assessment often correlates with an older home that may require substantial updates or could be considered a land-value property.

2. What does the ranking data for "Year Built" actually mean?
The rankings indicate this is one of the oldest properties relative to its neighbours. Ranking in the top 1% for age (where newer is better) means 99% of homes on the street are newer. This isn't a judgement, but a clear data point that the existing structure is likely dated.

3. Who would be the ideal buyer for this property?
This property is best suited for buyers whose plans align with its raw potential. This includes developers, investors eyeing a future build, or renovators with a vision and budget to modernize or rebuild. It is less suited for someone seeking a turn-key home.

4. The lot size ranks highly, but what about the living area?
Living area data is not provided, which, combined with the high lot rank, reinforces the narrative that the primary asset here is the land. The existing living space is likely modest or not a contributing factor to the current value.

5. How should I interpret the nearby comparable properties?
The list shows two distinct groups: several homes with similarly low assessments on the same street, and a few newer builds with much higher values. This contrast clearly outlines the current state of the immediate area and the potential value that can be created through new construction or major renovation.