341 Numeracy Lane

Property Overview: 341 Numeracy Lane, Leila North, Winnipeg

Key Characteristics & Appeal

This property presents a unique opportunity defined by its land value and location. The primary asset is a sizable 2,749 sqft lot in Winnipeg's Leila North neighbourhood, ranking in the top 8% of the city for land area. The home itself is noted as having no garage, pool, or finished basement, suggesting it is a more modest or classic structure. Its appeal lies in its potential; it is a property where the land itself is a significant portion of the value. This could suit a buyer looking for a home to renovate or expand upon, an investor considering future redevelopment, or someone seeking a lower-priced entry into a neighbourhood where surrounding properties have a wide range of assessed values. The very low municipal assessed value of $12,400, while ranking highly city-wide due to being lower than most, indicates this is likely not a turn-key luxury home but a foundational property where the real value may be realized through vision and investment.

Frequently Asked Questions

1. Why is the assessed value so much lower than some nearby properties?
Municipal assessments are based on a specific valuation date and standardized formulas. A significantly lower assessment can reflect a more basic home condition, smaller living area, or specific market factors at the time of assessment compared to updated or larger homes on the street.

2. What does "Top 0% in same street" for the assessed value rank mean?
This statistical ranking indicates that this property has the lowest assessed value on Numeracy Lane within this dataset. It is at the "top" of the list when sorted from lowest to highest value.

3. Who would this property be most suitable for?
It is best suited for buyers with renovation or redevelopment plans, investors, or those seeking a cost-effective entry into the area who are comfortable with a project. It is less suited for buyers seeking a move-in-ready home with modern amenities.

4. How significant is the lot size?
At 2,749 sqft, the lot is well above average for Winnipeg. This provides valuable outdoor space, potential for additions like a garage or deck, and is a key factor for any future redevelopment possibilities within local zoning bylaws.

5. Should I be concerned about the lack of data on year built and living area?
This lack of public data on the listing detail page is not uncommon for some properties. It is essential to verify all details, including the exact living area, construction year, and interior condition, through a direct viewing and by consulting the listing agent or official property records.