285 Numeracy Lane

Property Overview: 285 Numeracy Lane, Leila North, Winnipeg

Key Characteristics & Appeal

This property presents a unique profile defined by its land value and location. Its primary characteristic is a very low municipal assessed value of $16,800, which places it in an elite percentile on its own street but is significantly below averages for both the Leila North neighbourhood and Winnipeg city-wide. The lot is a notable asset, measuring 5,084 sqft and ranking above average within Leila North. This combination suggests a property where the land itself may hold more inherent value than any existing structure.

Its appeal lies in its potential as a blank canvas or investment opportunity. It would suit a buyer looking for a land play in a mature neighbourhood, a builder or developer interested in a tear-down and rebuild project, or an investor with the capacity to undertake a significant renovation. The low assessed value indicates a likely older or very modest home, making it less suitable for a buyer seeking a move-in ready property without a major budget for improvements.

Frequently Asked Questions

1. Why is the assessed value so much lower than other homes?
Municipal assessments are based on a property's market value and condition at a specific point in time. A very low assessment typically reflects an older home that may require substantial updates, or a structure that is considered to contribute minimal value compared to the land it sits on.

2. What does the "Elite — Top 0%" ranking for value on Numeracy Lane mean?
This statistical ranking compares the property only to others on the same street. With a rank of "1 of 0," it appears to be an outlier, likely the only home with an assessment in that specific value range on the lane, rather than indicating a premium status.

3. Is this a good opportunity for a first-time buyer?
It could be, but with important caveats. The low entry price is attractive, but a first-time buyer must be prepared for potentially high renovation costs, have a thorough inspection done, and secure financing for a property that may not qualify for a standard mortgage due to its condition.

4. How reliable are the "Living Area" and "Year Built" data, shown as "—"?
The dashes indicate this specific data is not currently available in the provided records. This is common for some older properties or non-standard dwellings. Confirming these details would require a physical measurement and a title search or historical permit review.

5. The nearby properties show a wide range of assessed values. What does this indicate for the area?
This variety suggests a neighbourhood in transition or one with a diverse mix of home ages, sizes, and conditions. It can indicate an area where property values are being reshaped by new construction and renovations, which is a point to consider for both investment potential and future property taxes.