Property Overview & Key Characteristics

This property at 971 Warsaw Avenue in Winnipeg's Rockwood neighbourhood presents a unique opportunity centered on its land value and future potential. The lot is a generous 3,025 sqft, ranking in the top 29% for size on its street, which is its most tangible asset. The assessed value is notably low at $18,600, placing it in the bottom tier compared to nearby homes. Key details like the year built, living area, and the presence of a basement or garage are not listed, indicating this is likely a vacant lot or a property with a structure of negligible assessed value.

Its primary appeal lies in its blank-slate potential in an established area. It suits a specific type of buyer: an investor or builder looking for a land parcel, or a hands-on purchaser planning a custom new build. The low property taxes associated with the current assessment are a practical advantage during the planning stages. A less obvious perspective is its value as a long-term hold; in a mature neighbourhood, available lots are rare, making this a strategic asset for those with patience. It may also appeal to someone with adjacent property considering a lot merger for a larger future project.

Frequently Asked Questions

1. Is there a house on this property?
The listing does not specify a living area, building type, or features like a basement or garage, and the assessed value is very low relative to the area. This strongly suggests it is a vacant lot or contains a structure that contributes minimal value (e.g., a teardown).

2. Why is the assessed value so much lower than neighbouring homes?
The assessed value reflects the property's current state as recorded for tax purposes. Compared to a nearby reference home at 968 Warsaw Avenue (valued at $33,200 for a 768 sqft house), the $18,600 assessment indicates the value is almost entirely in the land, not in any existing dwelling.

3. What can I build here?
Any new construction would be subject to the City of Winnipeg's zoning bylaws, which dictate the type, size, and placement of a structure. A crucial first step would be to verify the specific zoning and any development restrictions or requirements for the lot.

4. Are utilities available to the lot?
For a vacant lot or teardown, confirming access to city water, sewer, natural gas, and electrical services is essential. This information would typically be obtained through a site survey and direct inquiries with the city and utility providers.

5. How do the "rank" percentages work?
The rankings compare this property to others on the same street, in Rockwood, and across Winnipeg. For example, its land area is in the "Top 29% on the same street," meaning it's larger than 71% of lots on Warsaw Avenue. Conversely, its assessed value is in the "Top 0%," meaning it is the lowest on the street. These stats highlight its above-average lot size and below-average current improvement value.