Property Overview: 218 Whitehorn Crescent, Winnipeg

Key Characteristics & Buyer Appeal

This property on Whitehorn Crescent in the Fraipont neighbourhood presents a distinct value proposition centered on its land and location. Its most notable characteristic is the assessed value of $12,900, which is significantly below averages for the street, area, and city-wide. This is coupled with a land area of 3,484 sqft that ranks above average for its immediate street. The home last sold in late 2024 for an estimated $42,500–$45,500.

The primary appeal lies in its potential as a land play or a foundational investment in a mature neighbourhood. It suits a specific type of buyer: those looking for a tear-down or major renovation project, an investor considering long-term land value, or a buyer seeking the lowest possible entry point into homeownership with the intent to rebuild equity through sweat equity or future development. Its value is almost entirely in the lot, offering a blank canvas, but requiring a vision and budget for what comes next.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on the property's current state, which the data suggests may be a smaller, older, or potentially distressed structure compared to others in the area. The value reflects the existing building, not the potential of the land.

2. What does the "Sold Price" range represent?
The provided sold price range ($42.5k–$45.5k in Nov 2024) is an estimate based on publicly available data. To obtain the exact sale price, you must request it directly via the provided email service.

3. Is this a good investment?
It could be for the right investor. The low entry cost and decent lot size offer potential for renovation or new construction, but profitability depends entirely on construction costs, final market value, and your timeline. It’s a project, not a turn-key investment.

4. How does the land size compare practically?
At 3,484 sqft, the lot is manageable—larger than many on its specific street but smaller than the broader neighbourhood and city averages. It’s sufficient for a standard single-family home with a backyard, but not an unusually large parcel.

5. What should I consider before viewing?
Proceed with the understanding that you are likely purchasing for the land. Prioritize getting a detailed property condition report, verifying zoning and any development restrictions with the city, and budgeting for potential demolition or extensive foundational repairs. Your costs will be dominated by what you build, not the purchase price.