795 Dufferin Avenue

Property Summary: 795 Dufferin Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This property presents a unique profile defined by its land value and potential. Its key characteristic is a sizable 1,746 sqft lot in Winnipeg's Dufferin neighbourhood, which ranks in the top tier for size on its street. The appeal lies almost entirely in this land parcel and the opportunity it represents. The available data suggests the existing structure may be very modest or potentially vacant, as indicated by an assessed value significantly lower than all nearby comparable properties. This creates a clear scenario for value-driven buyers.

It would best suit an investor, developer, or hands-on buyer with a vision for the land. This is a potential candidate for a new build, a major renovation project, or long-term land banking. It is not a move-in-ready home. A thoughtful perspective is that while the current stats appear low, the lot size and location within an established, historic area like Dufferin could offer future upside as neighbourhood revitalization continues, making it a strategic entry point.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the houses around it?
The dramatically lower assessed value compared to neighbouring homes typically indicates that the value is primarily in the land itself, with the existing structure contributing little to no value due to its condition, size, or nature.

2. What can actually be done with this property?
This depends on zoning, but with a lot of this size, possibilities could include constructing a new single-family home, adding a secondary suite (subject to regulations), or holding the land as an investment. A critical first step would be to verify the property's zoning and any development restrictions with the city.

3. Is this a teardown property?
Based on the provided data, that is a strong possibility. The combination of a high-ranking lot size with a very low assessed value often points to a property where removing the existing structure to build new is the most viable path.

4. How does the "top 1%" ranking for the lot size affect value?
While the lot is larger than 99% of others on the street, value is determined by what can be built and the neighbourhood market. The ranking highlights a key asset—the land parcel itself—which can be a advantage for new construction compared to smaller, more constrained lots in the area.

5. Are utilities connected to the property?
This is an essential due diligence question for any property with a low assessment. Potential buyers must investigate whether water, sewer, gas, and electrical services are active and connected at the street, and what the cost would be to connect them to a new build.