Property Overview & Key Characteristics

This property at 408 Private Davy Drive in Winnipeg's Peguis neighbourhood presents a unique opportunity defined by its land value and development potential. Its primary appeal lies in the vacant lot itself, which is a generous 3,778 sqft parcel. The data indicates it is one of the newest properties on its street and within the broader area, suggesting it may be a recently created lot. With no existing structure, garage, or basement noted, the appeal is squarely for a buyer looking to build their own home or hold the land as an investment.

The lot ranks highly for its size within the immediate street and neighbourhood, offering above-average space for the area. The extremely low assessed value of $4,700 reflects the land value without improvements, making the financial barrier to entry notably lower than for a finished home. This property would suit a builder, a buyer with custom home plans seeking a blank canvas, or a long-term investor banking on the development of the Peguis area. A less obvious perspective is that it could also appeal to someone looking for a manageable entry into property ownership, with the option to place a modular home or slowly develop the site over time.

Frequently Asked Questions

1. Is this a vacant lot?
Yes, based on the provided data which lists no living area, building type, or features like a basement or garage, and given the very low assessed value, this listing is for a vacant residential lot.

2. Why is the assessed value so much lower than nearby homes?
The $4,700 assessment reflects the value of the land only, without any house or permanent structures. Nearby properties with homes have assessments that include the value of the building(s), hence they are significantly higher.

3. What can I build on this lot?
You would need to consult with the City of Winnipeg's planning department to determine the specific zoning bylaws, which govern the type of home, its size, setback requirements, and other buildable parameters for this lot.

4. Are utilities available to the site?
This is a critical question for any building project. You or your agent must verify the availability and connection points for water, sewer (or septic requirements), natural gas, and electricity at the street level.

5. How does the "new" ranking work if there's no house?
The rankings for year built likely refer to the lot's creation or its most recent parcel subdivision. Being ranked as one of the "newest" on the street suggests this is a recent lot addition, potentially with modern servicing requirements already considered.