Property Overview: 174 Numeracy Lane, Leila North, Winnipeg

Key Characteristics & Appeal

This property at 174 Numeracy Lane presents a unique opportunity centred on its land value and location within Winnipeg's Leila North neighbourhood. The primary appeal lies in its substantial 3,249 sqft lot, which ranks in the top tier for size both on its street and within the wider city. This suggests significant potential for expansion, gardening, or outdoor living. The assessed value is consistent with nearby properties on Numeracy Lane, indicating a stable, established area.

Its appeal is for a specific type of buyer: those looking for a land-play, a tear-down and rebuild project, or a very affordable entry into the neighbourhood with a vision to create their own living space from the ground up. The data indicates there is no existing primary structure of significant assessed value, making this a blank canvas. It would suit an investor, a builder, or a hands-on buyer with plans for new construction, rather than someone seeking a move-in ready home. A thoughtful perspective is that this lot offers a chance to build a modern, energy-efficient home tailored to the owner's needs in a neighbourhood where comparable properties are valued significantly higher, as seen with the nearby listing at 330 Numeracy Lane (assessed at $130k).

Frequently Asked Questions

1. What exactly am I buying here?
You are purchasing the land at 174 Numeracy Lane. The provided data suggests there is no substantial existing house contributing to the assessed value, so the price reflects the lot itself and its location.

2. Why is the assessed value so much lower than some neighbours, like 330 Numeracy Lane?
The large discrepancy in assessed values on the same street typically points to a major difference in the improvements on the land (e.g., a fully built house versus a vacant lot or a structure with minimal value). 174 Numeracy Lane's value is in line with several other lots on the street, while 330 Numeracy Lane likely has a developed home on it.

3. Is this a good investment?
For the right buyer, yes. The lot size is well above average, and land in established neighbourhoods is finite. Its value would be realized through development—building a new home to live in or to sell. It is less of a passive investment and more of a project-based one.

4. What should I do before considering an offer?
Essential steps include: verifying the exact zoning with the city to understand what can be built, checking for any development restrictions or easements, and investigating the cost of bringing all necessary utilities (water, sewer, power) to a new build.

5. Are the "top percentage" rankings meaningful for a vacant lot?
Yes, but with context. The high rankings for lot size confirm you are getting a spacious parcel. The rankings for assessed value being low simply reinforce that this is a land purchase without a valuable structure, not a reflection of the neighbourhood's overall desirability.