250 Numeracy Lane – Property Summary

Key Characteristics & Buyer Profile

This home offers a compact, newer-build footprint in the Leila North area of Winnipeg. The property stands out sharply within its own street—Numeracy Lane—where it ranks first among a very small number of homes, but underperforms relative to its broader neighbourhood and city averages across most key metrics.

Living area is 1,855 sqft, above the city average of 1,342 sqft but with no direct ranking available on the street or in the community. The land size is 2,876 sqft, notably smaller than the Leila North average of 5,490 sqft and the city average of 6,570 sqft. The build year is comparatively recent, though specific year is not provided; it likely falls well after the city average of 1966. The assessed value is $131,000, far below the community average of $568,000 and the city average of $390,000—placing it in the bottom 98% citywide.

Where the appeal lies: The home’s value assessment is exceptionally low relative to the area, which may appeal to buyers looking for affordability in a neighbourhood where prices are generally higher. Its newer construction and above-average interior space offer a modern feel on a smaller lot. The property could also suit someone who prioritizes low property taxes or wants to enter a higher-priced community at a lower entry point.

What type of buyer it would suit: First-time buyers, investors seeking lower-cost properties in an established neighbourhood, or anyone willing to trade lot size for a newer, more efficient home. It may also appeal to buyers who plan to renovate or reposition the property, given its low assessment relative to the surrounding market.

Five Possible FAQs

1. Why is the assessed value so low compared to the community average?
The assessed value of $131,000 is significantly lower than the Leila North average of $568,000. This likely reflects a combination of the home’s smaller lot size, its position on a street with few comparable properties, and possibly differences in property condition, age, or features not captured in the summary. The low assessment also means lower property taxes.

2. How does the lot size affect the home’s practicality?
At 2,876 sqft, the lot is roughly half the size of the average property in Leila North. This means less outdoor space for gardening, sheds, or expansion. It may be well-suited to buyers who prefer low-maintenance yards or plan to use the space for parking or minimal landscaping rather than recreation.

3. Is this property a good investment?
That depends on your goals. The low assessed value suggests potential for appreciation if the neighbourhood continues to develop or if you improve the property. However, the ranking data shows the home is already well below community averages, so immediate gains may be limited. It’s more likely to suit buyers focused on affordability and lower carrying costs than flipping or rapid appreciation.

4. What does it mean that the home ranks first on its street but last in the community?
It means Numeracy Lane has very few homes—likely just one or two—so the street ranking is not very meaningful. Meanwhile, the property sits at the bottom of Leila North’s 392 homes by total assessed value. This highlights that the home is an outlier: affordable in a relatively expensive neighbourhood.

5. Should I be concerned about the lack of ranking data for living area and build year?
The missing rankings suggest the property is either the only one on its street in these categories, or that the data set does not include enough comparable homes for a proper comparison. That limits how much you can learn from this summary alone. For a clearer picture, consider using the neighbourhood map analysis tool linked on the original page to compare side by side with nearby similar homes.