Property Overview: 82 Bonaventure Drive W, Winnipeg

Key Characteristics & Appeal

This property presents a distinct value proposition centered on its exceptionally large lot. Situated on over 10,500 square feet of land, the lot size ranks in the top 3% on its own street and the top 1% within the broader Fraipont neighbourhood. This offers rare potential for expansion, gardening, or outdoor recreation in a city setting. The home’s assessed value of $209k is notably below averages for the street, area, and city, indicating a potentially lower property tax burden and an entry point into a well-established area.

Its appeal lies in this land-value opportunity. It suits a specific buyer: those who prioritize land size over immediate move-in condition or finished living space, such as long-term planners looking to build equity through renovations or additions, or buyers seeking ample private outdoor space. It may also attract investors or builders seeing the underlying value of the lot relative to neighbouring properties. A less obvious perspective is that a home with a below-average assessment on a street of higher-valued properties can sometimes signal a chance to add significant value through strategic improvements, effectively "catching up" to the neighbourhood standard.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
While specific reasons aren't provided, a significantly lower assessment can be due to factors like a smaller living area, a need for modernization or repairs, or a different layout compared to neighbouring homes. It's a key point to investigate further through a viewing and professional inspection.

2. What can I do with such a large lot?
The lot size is this property's standout feature. Potential uses could include adding a substantial deck or patio, creating extensive garden beds, installing recreational amenities, or, subject to local zoning and permits, future expansions like a garage, workshop, or addition to the home itself.

3. How reliable are the sold price and history details shown?
The site states that transaction history is not fully displayed here due to data source limitations. They note that sold prices are from public internet data, not the MLS, and recommend contacting them directly via email to request manually researched, exact historical figures for the most accurate information.

4. What are the property taxes likely to be?
Property taxes are calculated using the assessed value and the municipal tax rate. With an assessed value of $209k, the taxes would be calculated on that figure, which is lower than many area comparables. You can estimate taxes by applying the current Winnipeg tax rate to the assessed value.

5. The living area isn't listed. How can I find out the square footage?
The provided data does not include the home's living area. This essential detail should be confirmed by requesting the information directly from the listing agent or through the manual data lookup service offered on the page.