Property Overview: 572 Provencher Boulevard
Key Characteristics, Appeal & Ideal Buyer
This property is defined by its contrasts. It’s a 962 sqft home built in 1900, situated on a notably generous 5,744 sqft lot in Winnipeg’s Mission Industrial area. Its primary appeal lies in its land value and location potential, rather than the structure itself. The assessed value is significantly below average at $19,900, reflecting the home's age and likely the need for updates or redevelopment. The lot size is well above average for its specific street, offering a rare opportunity for expansion, garden space, or future rebuilding in an established area.
This home would suit a specific type of buyer: a hands-on renovator looking for a footprint in the city, an investor viewing it as a land-value play with existing rental income potential, or someone seeking an affordable entry into the market with a clear, long-term vision. It’s less suited for those seeking a modern, move-in-ready home without a project ahead.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is primarily based on the property's current state and market comparisons. For this 126-year-old home, the value is driven more by the land and its potential than by the existing structure, which is reflected in the well-below-average assessment.
2. What does the lot size ranking mean for me?
While the lot is smaller than others in the broader Mission Industrial area, it ranks highly (Top 14%) on its own street. This means it offers more usable outdoor space than most of its immediate neighbors, which is a key advantage for privacy, additions, or landscaping.
3. Is a home from 1900 a major concern?
It requires careful consideration. While it offers character, it likely comes with aging infrastructure (plumbing, electrical, foundation). A thorough inspection is essential to understand the scope of needed maintenance or updates, which should be factored into any offer.
4. How reliable is the sold price range shown?
The listed range is based on public data. For the exact sale price from its 2022 transaction, you must request it directly via the provided email service. This step ensures you have precise historical data for your financial planning.
5. Who would be the typical buyer for this property?
The ideal buyer is value-oriented and sees potential. This could be a contractor or skilled DIYer looking for a project, an investor interested in the land’s future value, or a buyer comfortable with a renovation journey to secure a larger lot in a central location.