182 Numeracy Lane

Property Summary: 182 Numeracy Lane, Leila North, Winnipeg

Section 1: Key Characteristics & Appeal

This property presents a unique profile defined by its land value and location within the Leila North neighbourhood. Its primary characteristic is a sizable 3,217 sqft lot, which ranks in the top tier for size both on its street and within the wider Winnipeg area. This suggests significant potential for outdoor space, expansion, or future development, subject to local zoning.

The appeal lies squarely in the land itself and the neighbourhood's relative standing. The home is situated on a street where nearby properties show a consistent and modest assessed value, indicating a stable, established area. The lot size is a standout feature in an urban setting, offering a rarity that is often prioritized over the dwelling itself in such contexts. It would suit a value-driven buyer looking for a solid footprint in Winnipeg—perhaps a renovator, an investor eyeing long-term land value, or an owner who prioritizes private outdoor space over a move-in-ready home. The data suggests this is a property where the underlying asset (the land) is the central consideration.

Section 2: Frequently Asked Questions

1. Why is the assessed value notably lower than some nearby properties?
The assessed value is consistent with several direct neighbours on Numeracy Lane, indicating it reflects the current market valuation for similar properties in this specific pocket of Leila North. Assessments are based on a mass appraisal system and recent sales, so this aligns with the immediate area's established value range.

2. What does the "top 0%" ranking for lot size mean?
This statistical ranking means the lot at 182 Numeracy Lane is larger than 100% of the lots on its street and is among the very largest in its neighbourhood and Winnipeg. It is a quantifiably above-average parcel of land for the area.

3. Is this a good investment property?
The stable, modest assessed values on the street suggest a lower-risk entry point in terms of property taxes and acquisition cost. The large lot could offer future upside, but as with any investment, its suitability depends on your strategy, whether for rental income, renovation, or long-term land appreciation.

4. What should I prioritize when viewing this home?
Given the data emphasizes the land, your viewing should balance the condition and layout of the existing structure with the potential of the lot. Pay close attention to the yard's usability, any encroachments, and the overall structural integrity of the home, as the value proposition is a combination of both.

5. How does Leila North compare to the rest of Winnipeg?
The rankings show this property's lot size is in the top 15% for all of Winnipeg, a significant positive. However, the neighbourhood-level rankings for other metrics suggest it is a typical, established Winnipeg community. The appeal here is more about the specific property's attributes than an exclusive neighbourhood prestige.