Property Overview & Key Characteristics

This property at 251 Bill Briercliffe Drive in Winnipeg's Peguis neighbourhood presents a unique profile defined by its land value and comparative standing. Its primary appeal lies in the substantial lot size of over 4,000 square feet, which ranks within the top 13% on its street, offering above-average outdoor space for the area. The assessed value of $120k is notably higher than most immediate neighbours, suggesting a perceived premium, possibly due to the lot or unseen improvements. This creates a value proposition centred on land potential.

It would suit a buyer looking for a blank canvas or a long-term hold in Peguis, where the value is anchored in the property's land rather than an existing structure. It's a practical choice for those comfortable with a project or investment, rather than someone seeking a move-in-ready home. A less obvious perspective is that the significant value disparity with nearby properties could represent either an opportunity or requires diligent investigation into the reasons behind it.

Frequently Asked Questions

1. Why is the assessed value so much higher than the neighbouring properties?
The listed assessment of $120k is significantly higher than several nearby homes assessed around $10k-$12k. This typically indicates that the municipal assessment reflects a different value proposition, likely based on the larger lot size, specific improvements, or a different building classification.

2. What does the ranking data (e.g., "Top 13% in same street") actually mean?
These rankings compare this specific property metric against others on the same street, in the neighbourhood, and city-wide. For example, the land area being in the "top 13% on the same street" means the lot is larger than 87% of the other 7 listed properties on Bill Briercliffe Drive.

3. Is this a vacant lot or is there a house on the property?
The provided data does not specify. Details like living area, year built, basement, and building type are listed as "—" (not available), which often, but not always, suggests a vacant land listing. This should be confirmed directly.

4. What is the Peguis neighbourhood like?
Peguis is a residential neighbourhood in Winnipeg. The data shows a mix of property values, and the rankings suggest this property's land size is above average for the area, indicating potential for larger yards or more space compared to other parts of the city.

5. Are the "Similar Assessed Value" properties comparable homes?
Not necessarily. The listed similar properties (e.g., on Bear Creek Bay) share the same $120k assessed value but are in a different neighbourhood (South Pointe West). This is a financial comparison point rather than an indication of similar homes or lots; their condition, size, and type will likely differ.