Property Overview

This property at 163 Jerry Klein Drive in Winnipeg's Peguis neighbourhood presents a unique opportunity. Its key characteristic is the land itself—a 3,779 sqft lot that ranks within the top 10% for size on its street. The data indicates the home is notably newer than almost all surrounding properties, ranking in the top 3% on its street and the very top percentile for both the neighbourhood and the entire city for year built.

The primary appeal lies in its potential as a blank canvas, underscored by its very low assessed value. This suggests the property may be ideal for a new build or a significant renovation project. It would suit a buyer looking for a strategic entry into the market—perhaps a builder, an investor with development plans, or a hands-on individual willing to create a modern home in an established area. A less obvious perspective is the value of securing a newer property foundation in a neighbourhood where that is rare, which could offer long-term advantages in infrastructure and efficiency over older homes nearby.

Frequently Asked Questions

1. What does the assessed value indicate?
The assessed value is significantly lower than typical market prices for move-in ready homes. It typically reflects the municipal valuation for tax purposes and, in this context, strongly suggests the property is a lot with a new or very recent structure that has not been substantially improved, rather than a finished home.

2. Why are there no details on living area, bedrooms, or bathrooms?
The absence of this data in the provided metrics usually means the property is either very new and not yet fully assessed for interior details, or it is considered a vacant lot with services. Interested buyers must verify the actual current state of the property.

3. The "related homes" show a wide range of values. Why?
The list includes properties on the same street and nearby, ranging from similar low assessments to some valued over ten times higher. This highlights the transitional nature of the area, where new construction exists alongside undeveloped or minimally developed lots, indicating a neighbourhood with varying property types and values.

4. Is the land size a major advantage?
At 3,779 sqft, the lot is above average for the street. This provides more flexibility for landscaping, outdoor space, and the building footprint compared to smaller, older lots in the city, which is a key asset for any new construction.

5. Who should consider this property?
This property is not for a buyer seeking a turn-key home. It is best suited for those with the vision, capacity, and budget for a building project—such as builders, developers, or individuals working with a contractor to create a custom home from the ground up.