Property Overview

This home at 229 Numeracy Lane in Winnipeg's Leila North neighbourhood presents a unique profile defined by its significant assessed value set against a modest land size. Its appeal is largely for a specific buyer looking for value in a well-established area, rather than space or new construction.

Key Characteristics & Buyer Suitability

The property's most striking feature is its assessed value of $130,000, which ranks it exceptionally high compared to its immediate street and neighbourhood. However, this sits in contrast to its physical attributes: a land area of 2,702 sq ft that is below average for both Leila North and the wider city, and no available data on living area, year built, or amenities like a garage or pool. This suggests a property where the value is likely derived from factors other than size or modern fixtures—possibly the building structure itself, its condition, or its specific location on the lane.

Its appeal lies in its potential as a value-driven entry point into the housing market. It would suit a pragmatic, cost-conscious buyer—perhaps a first-time investor or someone seeking a modest footprint—who is less concerned with comparative rankings on land or age and more focused on the underlying assessment value as a foundation. It’s a property that asks the buyer to look beyond typical metrics and understand the specific reasons behind its financial valuation.

Frequently Asked Questions

1. Why is the assessed value so high compared to the land size and neighbourhood average?
The assessed value is likely based on the municipal evaluation of the building and property, which can be influenced by factors like the structure's quality, improvements, or specific market conditions for that parcel, independent of land area.

2. What does the lack of data on year built and living area mean?
This typically indicates that this specific data is not currently available in the municipal or listing records. A physical inspection or further title research would be necessary to determine these details.

3. How should I interpret the "top 0%" ranking for value on Numeracy Lane?
This ranking is based on a very small sample of comparable properties on the same street with available data. While it indicates this property has the highest assessed value on the lane in this dataset, it's important to view this in the broader context of the neighbourhood and city.

4. The nearby properties show a wide range of assessed values. What does this indicate about the area?
It suggests that Numeracy Lane and Leila North contain a diverse mix of properties, from more modestly assessed homes to ones like this. This variety can indicate an area with a range of housing types and values, without a uniform character.

5. Is the below-average land area a major disadvantage?
That depends on your priorities. A smaller lot means less exterior maintenance and yard work, which can be an advantage for some. The trade-off is less private outdoor space, so it's best suited for those who prioritize the home itself or location over expansive land.