246 Numeracy Lane

Property Overview & Key Characteristics

This property at 246 Numeracy Lane in Winnipeg's Leila North neighbourhood presents a unique opportunity centred on its land value and location. The lot itself is a key asset, ranking in the top 5% for size within the neighbourhood at 2,877 sqft. While specific details on the building's age, size, and features (like a basement or garage) are not provided, the assessed value of $13,100 is notably low, placing it in the bottom tier for the area. This combination suggests a property where the value lies primarily in the land, potentially appealing to those with a vision for the future rather than a move-in-ready home.

Its appeal is for the strategic buyer. It suits someone looking for a footprint in a well-established neighbourhood, possibly as a long-term hold, a redevelopment project, or a custom build. It could also attract investors or buyers comfortable with a significant renovation, seeing the low assessed value as a chance to add substantial value through improvements. A less obvious perspective is its potential for buyers prioritizing property tax efficiency, given the current low assessment, though any renovation or rebuild would alter that.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby properties?
A significantly lower assessment often reflects the property's current state, improvements, or building characteristics compared to others on the street. It indicates the municipal assessment places a lower value on the current structures, which is a key factor to investigate further.

2. What does the high land area ranking mean for me?
Ranking in the top 5% for lot size in Leila North means you're acquiring a larger-than-average parcel for the area. This is a permanent advantage, offering more outdoor space, potential for additions, or future redevelopment options compared to standard lots.

3. Is this a tear-down property?
Without details on the building's condition, it's not possible to say definitively. However, the low assessed value relative to the land size is a common indicator of a property where the land value outweighs the value of the existing structure, making redevelopment a likely consideration for many buyers.

4. Who would this property suit best?
This property is best suited for buyers with a project in mind, such as builders, investors, or homeowners planning a major renovation or rebuild. It is less suited for those seeking a turn-key or fully featured home without additional investment.

5. How should I interpret the "—" for details like Year Built and Living Area?
The missing data for key metrics means this information was not available in the provided records. It is essential to verify these details directly through a property inspection, municipal records, or your real estate agent to make a fully informed decision.