64 Perseus Way

Property Overview

64 Perseus Way is a vacant land parcel in Winnipeg's West Kildonan Industrial area. Its primary appeal lies in its potential for commercial or industrial development, offering a blank slate in a designated industrial zone. The lot is a standard size for the area at 2,550 square feet. Key data points highlight its position: it ranks in the top tier for lot size on its street and within the top 6% for land area across all of Winnipeg, suggesting it is a competitively sized plot in a broader context. However, its very low assessed value of $9,400 is notably below all listed neighbouring properties in the area, which may indicate it is unserviced or has specific development conditions that require investigation.

This property would suit investors, business owners, or developers looking for land in an established industrial neighbourhood. It is not a residential play. The buyer should be prepared for a pure land purchase, with no existing structures, garage, or basement. The value is entirely in the land's zoning and location, making it a project for someone with clear plans for development or holding for future industrial use.

Key Questions for Consideration

1. What specific utilities (water, sewer, power) are available at the lot line, and what are the estimated connection costs? The assessed value suggests services may not be in place.
2. What are the zoning bylaws and any restrictive covenants? Understanding permitted uses, building setbacks, and any operational restrictions is essential before purchase.
3. Why is the assessed value significantly lower than nearby parcels? This requires clarification from the city or a real estate professional to uncover any unique liabilities or conditions of the title.
4. What is the typical approval process and timeline for building permits in this industrial area? This helps in planning the project's feasibility and schedule.
5. What types of businesses operate in the immediate vicinity, and what is the current demand for industrial space or land in this specific pocket of West Kildonan? This provides context on the neighbourhood's character and potential fit for your intended use.