Property Overview: 367 St Anne's Road, Winnipeg

Key Characteristics & Appeal

This 680 sqft bi-level home at 367 St Anne's Road presents a unique, value-oriented proposition in Winnipeg's Lavalee area. Built in 1978, it is notably newer than many comparable homes in its immediate neighborhood and across the city. Its primary appeal lies in its exceptionally low property taxes, driven by a municipal assessed value of just $25,300—significantly below area averages. The home features a renovated basement, adding functional living space.

The property suits specific buyer profiles: first-time homebuyers seeking the lowest possible entry point into homeownership, investors looking for a rental property with minimal tax overhead, or downsizers prioritizing fixed cost reduction. Its compact size and modest lot (2,190 sqft) translate to minimal maintenance. A less obvious perspective is its potential as a "stepping stone" asset; the low carrying costs allow an owner to build equity with very little financial strain, providing stability while planning a next move. It’s a practical choice for those who view a home primarily as a financial shelter rather than a long-term family dwelling.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
Municipal assessments are based on a mass appraisal system considering factors like size, age, and location. This home’s very small square footage and modest characteristics result in a low assessed value, which directly correlates to lower property taxes.

2. What does the ranking data (e.g., "Top 97%") for Living Area mean?
It means that for living area, this home is smaller than 97% of comparable homes city-wide. In this context, it highlights the home's compact nature. These rankings help quickly show how a property compares to peers in its street, area, and the entire city for various metrics.

3. Is the renovated basement included in the 680 sqft living area?
Typically, the main living area (680 sqft) refers to above-grade square footage. A renovated basement would provide additional, below-grade living space not reflected in that primary figure. It's important to confirm the total usable space.

4. Who would this property NOT be well-suited for?
It would likely not suit a growing family needing multiple bedrooms and ample living space, anyone seeking a large yard, or buyers whose primary goal is significant short-term market appreciation on a standalone property.

5. How can I find out the exact historical sale price?
The exact sale prices are not published publicly in the listing. You can request the precise sale history by emailing the provided service; they manually provide the data without using your email for unsolicited marketing.