Property Overview & Key Characteristics

This property at 130 Bill Briercliffe Drive in Winnipeg's Peguis neighbourhood presents a unique opportunity centred on land value and future potential. Its key appeal lies in its very low municipal assessed value of $11,700, which is notably below most neighbouring properties on the same street. The lot itself is a generous 3,688 sqft, ranking above average for the immediate area. While specific details on the building's age, size, and features (like a basement or garage) are not provided in the available data, the metrics suggest a property where the land itself is the primary asset.

This listing would suit a specific type of buyer: investors, builders, or those looking for a land-value play. It's a candidate for redevelopment or a significant renovation project. The low assessment also suggests it could attract buyers interested in minimizing upfront property tax burdens while planning a future build. A less obvious perspective is that, while the assessed value is low, its ranking shows it's not an outlier in the wider Peguis area, indicating a neighbourhood with a range of values and potentially a community in transition.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
A significantly lower assessed value typically indicates a difference in the property's state or characteristics compared to neighbours. This could be due to a smaller or older structure, a need for major repairs, or it being a vacant lot. The municipal assessment is based on market value for taxation purposes and is a strong indicator of its current condition relative to the market.

2. What does the "Top 100%" ranking for year built mean?
Rankings like "Top 100% in Winnipeg" mean this property is ranked #1 out of over 221,000 properties for that metric. In the context of "year built, newer = better," this ironically suggests it is likely the newest property in the city according to the dataset, which may seem contradictory to other data. This warrants clarification, as it could indicate a data discrepancy, a brand-new structure, or a specific classification of the property.

3. Who would be the ideal buyer for this property?
Given the emphasis on land value and low assessment, the ideal buyer is likely an investor, developer, or someone planning a custom build. It is less suited for a buyer seeking a move-in-ready home without a substantial additional budget for construction or renovation.

4. How should I interpret the comparisons to nearby properties?
The listed comparisons show other properties deemed "worth viewing." Notably, many on the same street have higher assessed values, highlighting the potential value gap at 130 Bill Briercliffe. The similar-valued properties elsewhere in the city are primarily condo units, underscoring that this is a uniquely low assessment for a land-based property.

5. Are the low taxes a permanent advantage?
While the current tax burden is tied to the low assessment, any significant improvement, renovation, or new construction will trigger a municipal re-assessment. This would align the property's assessed value—and therefore its taxes—more closely with comparable homes in the area after the work is completed.