Property Overview & Key Characteristics

This property at 353 Desrosiers Drive in Winnipeg's Canterbury Park neighbourhood presents a unique profile defined by its land value and development potential. Its primary appeal lies in the 5,399 sqft lot, which is larger than over half the lots on its street, offering a solid foundation for future building or renovation. The assessed value is notably lower than all directly neighbouring properties listed, suggesting the current value is almost entirely in the land itself. This is a clear candidate for a builder, an investor looking for a lot to develop, or a buyer willing to undertake a significant construction project. Its standout rankings—being newer and having a larger living area than nearly all comparable properties in the city—are almost certainly based on a newer structure or improvement that is not detailed here, making verification of the actual onsite buildings crucial.

Frequently Asked Questions

1. Why is the assessed value so much lower than the neighbours?
The significantly lower assessment compared to nearby homes indicates the municipal valuation is primarily for the land. Any existing structure likely adds minimal value, pointing to a potential teardown, major renovation project, or vacant lot.

2. What does the ranking data for "Year Built" and "Living Area" actually mean?
These top percentile rankings suggest that, according to the database, a newer and sizable structure exists here. However, as specific details are absent, this must be confirmed. It may indicate a recent rebuild or a data anomaly that requires thorough verification with a physical inspection and official records.

3. Who would this property suit best?
It is most suited to builders, developers, or very hands-on buyers with a vision and budget for new construction. It is less suitable for buyers seeking a move-in-ready home without a major project component.

4. What are the key checks a buyer should make?
Essential steps include confirming the actual condition and legality of any existing structures, checking zoning bylaws for development potential, and investigating any reasons for the low assessment, such as outstanding orders or restrictions.

5. How useful are the "Similar Assessed Value" comparisons?
The listed similar-value properties are all condo units on Pembina Highway, which is not a relevant comparison for a single-family lot. This reinforces that the assessment is a functional value for a land parcel, not a market comparison for a standard house.