Property Overview & Key Characteristics
This property at 1001 Dugald Road in Winnipeg's Mission Industrial area presents a distinct value proposition centered on its land. The 1,047 sqft home, built in 1934, is modest in size and age compared to many local and city-wide averages. Its assessed value is notably below average for its street and the wider city. The primary standout feature is the lot size: at 11,289 sqft, it ranks in the elite top 4% of all properties city-wide for land area, offering a rare amount of space in an urban setting.
Its appeal lies in this significant land-to-building ratio, suggesting potential for expansion, redevelopment, or simply enjoying substantial outdoor space. It suits practical buyers looking for a footprint to build upon, investors eyeing future development potential in a transitioning industrial area, or those who prioritize private outdoor space over a large or modern house. The recent sale history (2023, CA$250k–300k) indicates it's positioned as an entry point or value play, likely appealing to those comfortable with a project or an older home.
Frequently Asked Questions
1. What does the "Elite" ranking for Land Area actually mean?
It means this property's lot size of 11,289 sqft is larger than approximately 96% of all residential properties in Winnipeg, making it a very rare find for a city lot.
2. If the assessed value is low, does that mean the taxes are low?
Generally, yes. A lower assessed value typically results in lower municipal property taxes, which is a ongoing cost advantage. However, the final tax bill also depends on the city's mill rate.
3. The home is older and smaller than averages. What should I consider?
Focus on the condition of major systems (roof, foundation, plumbing, electrical) common to homes of this era, and budget for updates or maintenance. The value here is more in the land and location than the current structure.
4. The area is called "Mission Industrial." What is the neighbourhood like?
As an industrial-designated area, expect a mix of residential, commercial, and light industrial uses. This can mean less typical residential streetscape but also potential for closer amenities and interesting adaptive-use projects. It's best experienced in person at different times of day.
5. How reliable is the sold price range shown?
The range is based on public data, which sometimes only shows approximate sale prices. For the exact sale price to inform your offer, you can request it directly via the provided email service, which manually confirms the figure from official records.