Property Overview: 333 Numeracy Lane, Leila North, Winnipeg

Key Characteristics & Appeal

This property presents a unique profile defined by its exceptionally low municipal assessed value of $12,700, which places it in the top tier for the street but well below average for both the neighbourhood and the wider city. The lot size of 2,750 sq ft is also notably smaller than most in Winnipeg. While specific details on the year built and living area are not provided, the assessed value and land area suggest a very modest structure, possibly a tear-down, an infill opportunity, or a small, utilitarian building.

Its primary appeal lies in its potential as a strategic investment rather than a move-in-ready home. The low entry cost could suit a buyer looking for land value in the Leila North area, with plans for future development or a complete rebuild. It may also attract investors or builders specializing in infill projects, where the existing structure is of minimal value compared to the land itself. A thoughtful perspective is that this listing could serve as a blank canvas in an established neighbourhood, offering freedom from the constraints of renovating an older, more expensive home, but requiring vision and capital for realization.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
The assessed value is typically based on the property's current state and improvements. A value this low, especially compared to neighbours, strongly indicates that the municipal assessment places little value on the existing structure, focusing instead on the land.

2. What type of buyer is this property best suited for?
It is best suited for investors, builders, or very hands-on buyers with a plan for substantial renovation or new construction. It is likely not suitable for someone seeking a traditional, turn-key family home.

3. Is the land size a disadvantage?
At 2,750 sq ft, the lot is smaller than the Winnipeg average. This may limit the size of a potential new build compared to larger lots, but it can also mean lower maintenance and may align with specific infill or modern design strategies that maximize smaller footprints.

4. How can I find out the exact sales history and condition of the property?
As no sales history is publicly listed, you must request the exact sold price history directly via the email option provided on the listing page. A site visit and professional inspection are essential to understand the full condition.

5. The listing shows "Elite" rankings for the street but very low city rankings. What does this mean?
This indicates that on Numeracy Lane itself, this property's metrics (like low assessed value) are an outlier, placing it in a unique position on the street. However, compared to all properties in Winnipeg, it ranks in the lower percentiles, highlighting its atypical nature within the broader market.