167 Jerry Klein Drive

Property Overview: 167 Jerry Klein Drive, Peguis, Winnipeg

Section 1: Key Characteristics & Appeal

This property presents a unique profile defined by its land value and development potential. The lot is a key asset, sized at 3,790 sqft and ranking within the top 39% on its street for size. Its most striking characteristic is its very low municipal assessed value of $11,800, which sits significantly below most nearby listings and suggests the property may be vacant land or have minimal existing structures. This is reinforced by the lack of listed data for a basement, garage, living area, or year built.

The primary appeal lies in its potential as a blank canvas. A buyer is likely investing in the land itself within the established Peguis neighbourhood, with the intention of building a new home to their specifications. It suits a specific type of buyer: those looking for a build opportunity who are prepared to handle the processes and costs of new construction. It may also appeal to investors or developers familiar with the area. A less obvious perspective is that a low assessment can sometimes indicate outstanding municipal issues or specific land conditions, making thorough due diligence not just recommended, but essential.

Section 2: Frequently Asked Questions

1. Is there a house on this property?
Based on the available data, it appears this may be a vacant lot. The assessed value is very low compared to built homes, and fields for living area, year built, and building type are not populated.

2. Why is the assessed value so much lower than the nearby "Worth viewing" properties?
The listed properties with values around $120k likely have constructed homes on them. This property’s assessment reflects the value of the land only, or land with minimal improvements, making direct comparison to developed lots misleading.

3. What does the ranking data (e.g., "Top 23% in Winnipeg") mean?
These rankings compare this property's specific metric (like land area) against all other properties in the defined zone. For example, its land size is larger than 77% of properties in Winnipeg, which is a positive attribute for a potential building lot.

4. What are the most important next steps for a serious buyer?
Confirming the property's status with the listing agent is crucial. You should verify it is a buildable lot, check for any liens or encroachments, and understand all zoning requirements, utility connections, and associated development fees before purchase.

5. How should I interpret the "Similar assessed value" listings?
These are properties across Winnipeg with a similar municipal assessment value. They are not necessarily similar properties; they are grouped by tax assessment for comparative financial analysis, not by physical characteristics or use.