Property Summary

Key Characteristics & Buyer Profile

This is a single-family home on a notably large lot—just under 5,000 square feet—situated on a private drive within the Peguis area of Winnipeg. The structure itself is assessed below average for living area and overall value, ranking in the bottom 1% citywide in both categories. That places it among the smallest and least expensive homes in the entire market, which may reflect a modest footprint, an older building, or both. The land, however, tells a different story: it ranks in the top 17% on its street and top 27% within Peguis for lot size, making it significantly larger than most neighboring parcels.

The appeal here is almost entirely in the land-to-structure ratio. For a buyer willing to renovate, rebuild, or simply value outdoor space over interior square footage, this property offers an entry point into a private street with a low building cost relative to the lot. It would likely suit an investor or a hands-on homeowner looking for a project—someone who is comfortable with a smaller, possibly outdated dwelling in exchange for a spacious, private yard. The citywide value ranking being in the bottom 1% also suggests potential for forced appreciation if the structure is improved or replaced.

Five Frequently Asked Questions

1. How does the assessed value compare to similar homes in Winnipeg?
The assessed value ranks in the bottom 1% citywide, meaning almost all other homes in Winnipeg are valued higher. This is a direct reflection of its small living area, not necessarily its location or land value.

2. Is the large land area a reliable indicator of development potential?
A larger lot in Peguis—ranked in the top 27% of the area—could allow for expansion, but zoning, setbacks, and utility connections need to be verified independently. Lot size alone doesn’t guarantee subdivision or rezoning approval.

3. What does “bottom 1%” on the same street actually mean for resale?
It indicates the property is both smaller and lower-valued than 99% of homes on Private Davy Drive. Depending on neighborhood standards, this could mean the home is an outlier in the wrong direction, or it could create a unique chance to underpay for the location.

4. How reliable are the “rank by year” and “rank by land area” bars?
The bars compare the property against a rough median benchmark for similar homes in each geographic scope. A longer bar means it outperforms more peers in that category. The colors (red, blue, amber, gray) simply tier performance; they don’t indicate condition or marketability.

5. Where can I see how this property sits relative to nearby houses?
The property listing includes a link to a neighbourhood map analysis page, which lets you compare its year built, living area, assessed value, and lot size side by side with surrounding homes.