Property Overview & Appeal

78 Egerton Road is a modest, historically older home in Winnipeg's Glenwood neighborhood. Its key characteristic is its exceptionally low assessed value, which ranks in the bottom tier compared to homes on its street, in the area, and city-wide. The lot size is also notably smaller than average for the area. This creates a specific appeal: it represents one of the most accessible entry points into the Winnipeg housing market. The home last sold in early 2021 for a very modest price range.

Its primary appeal lies in its potential as a foundational investment. It would suit a buyer with a vision for gradual improvement, someone seeking minimal property tax liability, or an investor looking for a straightforward rental property with a very low cost basis. A less obvious perspective is that a small, low-value lot like this could be appealing for its simplicity—minimal yard maintenance and a clear, uncomplicated footprint. It’s not a home for those seeking move-in readiness or premium finishes; it’s a canvas for a hands-on buyer or a pragmatic financial holding.

Frequently Asked Questions

1. Why is the assessed value so much lower than other homes?
The assessed value is based on factors like the home's age (likely older, given neighborhood averages), size, condition, and the relatively small lot. It consistently ranks in the bottom percentiles for its area, reflecting its status as a more basic property.

2. What type of buyer is this property best suited for?
It is best suited for a first-time buyer or investor comfortable with a project, whether large or small. It’s also a practical option for someone seeking the lowest possible property tax footprint in the city.

3. How current is the price history shown?
The last recorded sale was in March 2021. The exact sold price is not publicly displayed, but a range is provided based on available data. You can request the precise figure directly from the site.

4. The lot seems small. What should I consider?
At 2,761 sq ft, the lot is significantly smaller than the Glenwood average. This means limited outdoor space for expansions, decks, or gardening, but also less maintenance. It’s important to check zoning bylaws for any future development plans, as small lots can have restrictions.

5. Are the "similar assessed value" properties comparable homes?
Not necessarily. That list groups properties with the same assessed value from across Winnipeg, which may be in different neighborhoods and of different types. For a true comparison, focus on the "Same street" and "Same area" data provided, which shows how this property relates to its immediate peers.