Property Overview & Appeal

40 Vivian Avenue presents a unique opportunity centered on its land value and location within Winnipeg's Glenwood neighbourhood. The property's primary characteristic is its 2,500 sqft lot, which ranks within the top 16% for size on its street and the top 2% within the broader neighbourhood. This suggests a premium parcel of land, especially when compared to nearby homes. The assessed value is notably low at $15,100, which is an outlier compared to other listed properties in the area that range from $19,900 to $190,000. This significant discrepancy, combined with the absence of listed details for the building itself (like year built, living area, or basement), strongly indicates this is a vacant lot or a property with a structure of negligible assessed value.

The appeal lies squarely with a buyer looking for a blank canvas in a well-established area. It suits a builder, developer, or an individual planning a custom home who values the lot size and location over an existing house. A thoughtful perspective is that this could be a long-term hold for land banking, as the data suggests the land itself is in a desirable pocket of Glenwood. It may also appeal to someone with the capacity to navigate the specifics of building on a potentially older lot, seeing the low entry point as a strategic investment in the neighbourhood's future.

Frequently Asked Questions

1. Is this a vacant lot?
While not explicitly stated, the available data strongly suggests it is. The lack of any building information (year built, living area) and an assessed value far below every comparable property points to a land-only assessment.

2. Why is the assessed value so much lower than the neighbours?
The assessed value reflects the municipal valuation for tax purposes. For 40 Vivian Avenue, this value appears to be based almost entirely on the land, as there is likely no significant structure contributing to the value, unlike the neighbouring homes.

3. What can I build on a lot of this size?
This depends on current City of Winnipeg zoning bylaws. A 2,500 sqft lot offers good potential for a single-family home. Interested buyers must consult the specific zoning rules to understand parameters like building setbacks, floor area ratios, and height restrictions.

4. Are utilities available to the lot?
Given the developed nature of the street and neighbourhood, it is very likely that municipal water, sewer, gas, and electricity services are available at the lot line. However, confirming the exact connection points and any associated connection fees or requirements is a crucial due diligence step.

5. How does the "top percentile" ranking work?
The rankings compare this property's specific metrics (like lot size) against all other properties in the defined area (street, neighbourhood, city). For example, a "Top 2% in neighbourhood" rank for lot size means this parcel is larger than 98% of other lots in Glenwood, highlighting its relative scarcity and value.