Property Overview

This is a home that presents a clear trade-off: the lowest assessed value in its street, area, and citywide rankings, but on a lot that is larger than typical for the immediate neighbourhood. The assessed value sits at approximately $113,000, which is well below the average of roughly $390,000 citywide in Winnipeg. The living area is also rated “below average” compared to nearby homes. However, the lot size of 3,307 square feet places it in the top tier for the street (bottom 1% ranking actually indicates it outperforms 99% of others in that micro-location), though it falls to bottom 21% for the broader area and bottom 17% citywide.

The appeal here lies in affordability and land. For a buyer who is willing to take on a smaller or older structure in exchange for a relatively generous piece of ground in a specific pocket of Peguis, this could be a strategic entry point. It would likely suit investors looking for a teardown or major renovation, first-time buyers who want to build sweat equity, or someone who values outdoor space over interior square footage. It is less suited to someone seeking a move-in-ready home with modern finishes or a typical suburban footprint.

Frequently Asked Questions

1. Why is the assessed value so far below the average for the area?
The assessed value of roughly $113,000 reflects the condition, age, and size of the existing structure—likely a smaller or older dwelling that has not been updated significantly. The land itself may still hold value, but the building contributes minimally to the assessment.

2. How should I interpret the “bottom 1%” rankings for the street and city?
These rankings compare this property to others within the same street, area, and city. “Bottom 1%” means that 99% of comparable properties have a higher assessed value. It signals that this is an outlier on the low end for value—not necessarily a bad thing if you are looking for a discount or a project.

3. What does “same street” actually mean in terms of comparables?
“Same street” here refers to the immediate block or cluster of homes on Bill Briercliffe Drive #9 / 8. In a dense or small street context, this could mean just a handful of properties, so a bottom ranking may not indicate a wide gap in absolute terms—just that this home is the least valuable among a small sample.

4. Is the lot size considered generous for a home in this price range?
Yes, relative to the street, the lot is large. However, compared to the broader area or city, it is still below average. The 3,307 sqft lot gives more outdoor space than most immediate neighbours, but it is not oversized by Winnipeg standards overall.

5. Who would most likely benefit from buying this property?
A buyer with renovation experience, a contractor, or an investor looking to rebuild or substantially upgrade would see the most potential. The low barrier to entry combined with a decent lot size makes it a candidate for a future resale after improvements—provided the neighbourhood supports the investment.