84 Mill Rock Road

Property Overview & Key Characteristics

84 Mill Rock Road is a residential property in Winnipeg's Rosser-Old Kildonan neighbourhood. Its primary appeal lies in its land value and location, presenting a clear opportunity for buyers focused on the potential of the lot itself. The property's assessed value of $12,300 is notably lower than several direct neighbours on the same street, suggesting it may be an undeveloped lot or a property with a structure of minimal assessed value. With a land area of 3,151 sqft, it ranks at the very top for lot size on its street.

This property would suit a specific type of buyer: those looking for a blank canvas, such as builders or individuals planning a custom home project, or investors interested in the long-term value of the land. Its value proposition is straightforward—it’s about the land and the future possibilities it holds, rather than an existing move-in ready home. A less obvious perspective is that for a buyer with the means to build, acquiring a lot at this assessed value point in an established area can represent a significant entry point into a neighbourhood where finished homes carry much higher values.

Frequently Asked Questions

1. Is this a vacant lot?
While the listing does not explicitly state "vacant lot," the absence of data for living area, basement, garage, and year built—coupled with a very low assessed value compared to neighbouring homes—strongly indicates that this is likely a land-only listing.

2. Why is the assessed value so much lower than the neighbours?
The assessed value reflects the municipal valuation for tax purposes. For 84 Mill Rock Road, this low value aligns with the lack of a developed structure. Neighbouring properties with similar addresses have values tied to completed homes, hence the significant difference.

3. What can be built on this lot?
Any development would be subject to the City of Winnipeg's zoning bylaws, which dictate the type, size, and placement of a structure. A crucial first step for a serious buyer would be to consult the city's zoning map and planning department to understand the specific possibilities and restrictions.

4. Are utilities available to the property?
For a buildable lot, confirming access to municipal water, sewer, natural gas, and electricity is essential. This information is not provided in the basic listing details and would require investigation with the local utility providers and the city.

5. How does the "top 0%" ranking for lot size on the street affect value?
This statistic means 84 Mill Rock Road has the largest lot among the compared properties on its street. A larger lot within the same area provides more flexibility for design, landscaping, and potential outdoor space, which is a positive factor for future development and value.