Property Overview

Key Characteristics & Appeal

This is a low-value, smaller-than-average property in North Point Douglas, assessed at $54,000—placing it in the bottom 1% citywide and in its immediate area. The lot is 2,654 square feet, which also ranks near the bottom compared to nearby homes. Year built is not specified, but the property ranks in the bottom tier for age relative to its neighbours.

The appeal here is straightforward: price point. For a buyer who needs the lowest possible entry cost into homeownership, or who wants a fixer-upper in a neighbourhood where land is cheap, this property offers that. It is not a comfortable or spacious home by any standard metric. What it does offer is access to Winnipeg’s housing market at the absolute floor.

This property suits investors looking for a low-cost teardown or deep renovation, or first-time buyers with limited cash who are willing to take on significant work. It would also appeal to someone prioritizing minimal property taxes and a small footprint—though the trade-off is a home that ranks poorly on every comparison: living area, lot size, and value.

Frequently Asked Questions

1. Why is the assessed value so low compared to the city average?

The property is in one of Winnipeg’s lowest-valued neighbourhoods, North Point Douglas, and both its living area and lot size are well below typical homes. The assessment reflects the local market and the home’s physical limitations.

2. Is this property habitable as-is?

The data provided does not include a condition report. The low assessed value and bottom-tier rankings suggest it is either very small, outdated, or in poor repair. A professional inspection is necessary before assuming it is move-in ready.

3. How does the lot size affect what I can do with this property?

At 2,654 square feet, the lot is smaller than 85% of others on the same street. This limits options for additions, garages, or subdividing. Check local zoning for minimum lot size requirements if you plan any changes.

4. Could this be a good rental property?

Possibly, but only if the purchase price is extremely low and you are targeting tenants seeking the cheapest available rent. The low value also means repair costs could quickly exceed the property’s worth. Run the numbers carefully—cash flow may be thin.

5. How does this compare to a typical starter home in Winnipeg?

A typical starter home in Winnipeg might be around $200,000–$300,000 with a 3,000+ sqft lot and 900+ sqft of living space. This property is significantly smaller and cheaper, but also comes with more risk and less room for error. It is not a conventional starter home.