Property Summary: 46 Thrush Street, Winnipeg

Key Characteristics & Appeal

This property at 46 Thrush Street in the Rosser-Old Kildonan neighbourhood presents a notable opportunity centred on its land. The lot is a key asset, measuring 4,723 sqft and ranking within the top third for size on its street. While specific details on the building's age, size, and features (like basement or garage) are not provided in this data, the financial profile is distinctive. The assessed value is significantly lower than most comparable listings in the immediate area, which suggests a property that may be undervalued, in need of modernization, or simply a more affordable entry point into the neighbourhood.

Its primary appeal lies in this potential. It suits a specific type of buyer: an investor looking for a land-value play, a handy purchaser seeking a project with a favourable starting price, or a first-time buyer prioritizing lot size and location over a move-in-ready condition. A less obvious perspective is that a low assessment can sometimes mean correspondingly lower property taxes, which is a lasting financial benefit. The data shows it is surrounded by other homes, indicating an established community feel, and its value stands in stark contrast to nearby properties on Whooping Crane Drive and Nuthatch Bay, making it a unique outlier in the local market.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby properties?
This can be due to several factors, including a smaller or older structure, interior condition requiring updates, or a lag in assessment cycles. It typically indicates a property where the land value is a major component of the total price.

2. What type of house is on the property?
The provided data does not specify the building type, living area, or year built. This information would need to be confirmed through listing details, a viewing, or municipal records.

3. Is this a good option for a first-time buyer?
Potentially, yes, if you are comfortable with a home that may need work. The lower entry price and larger lot offer long-term potential, but you should budget for possible renovations or updates.

4. Are property taxes based on the assessed value?
Generally, yes. A lower assessed value often results in lower municipal property taxes, which is an ongoing cost saving, though final taxes are determined by the city's mill rate.

5. The listing shows no garage. Is adding one feasible?
Given the lot size ranks well for the street, there may be physical space to add a garage or other outbuilding. This would be subject to local zoning bylaws, setback requirements, and obtaining the proper permits.