Property Overview

This is a single-family home on Private Davy Drive in the Peguis area of Winnipeg. The standout feature here is the assessed value: at roughly $47,000, it sits in the bottom 1% compared to other homes on the same street, within Peguis, and across the entire city. That’s not necessarily a red flag—it could reflect a property that needs significant work, is a smaller or older structure, or sits on leased land. The living area is similarly below average (bottom 1% citywide), while the land area is around 3,779 square feet, which places it in the bottom 26% on its street and bottom 23% citywide (closer to the middle of the pack). The year built is roughly average for the area.

The appeal here is essentially price point and land. For someone looking for the lowest-cost entry into this neighbourhood or a project property, this is a candidate. It’s not a turnkey home for a family wanting space or prime lot size. The combination of extremely low assessed value and modest lot suggests a teardown, a property in poor condition, or a unique ownership situation (like a mobile home or co-op). Buyers who would suit this: investors or renovators looking for a low-cost acquisition to fix and flip or hold; first-time buyers on a tight budget willing to take on major work; or someone looking to build new on the lot if zoning allows. It is not for someone wanting a move-in-ready home with typical room sizes or neighborhood prestige.

Five Possible FAQs

1. Why is the assessed value so low compared to everything else on the street?
The most likely reasons are that the home is physically small, outdated, in poor condition, or built on leased or restricted land. You’d want to check whether it’s a single-wide mobile home, a very old cottage, or a property with major structural issues. The bottom-1% ranking citywide is unusual even for a fixer-upper.

2. Does the low value mean the property is a bad investment?
Not necessarily. For a renovator, buying at the bottom of the market can leave room for profit if the structure is sound and location is decent. For an end buyer, the risk is that the low value reflects permanent drawbacks (e.g., no basement, tiny footprint) that can’t be fixed without rebuilding entirely.

3. What does the land area of 3,779 sq ft actually mean for use?
That’s a modest urban lot—smaller than the average single-family lot in Winnipeg (typically around 4,000–5,000 sq ft) but still workable. It would fit a standard house with a small yard. You’d want to verify setbacks and whether you could build an addition or replace the home entirely.

4. How does the year built compare to others in Peguis?
It’s around average for the area. That might mean it’s a 1970s–1990s build, but you’d need the exact year from the listing. Being average doesn’t tell you much about condition—maintenance matters far more than age.

5. Is this property likely in a flood zone or have other known issues?
The data doesn’t say, but Peguis is a northern community with river proximity in some parts. A low assessed value relative to land sometimes hints at location risk (flooding, poor soil). Always check the flood map, well/septic records, and any municipal restrictions before making an offer.