Property Summary

Key Characteristics & Target Buyer

This property presents a clear trade-off between indoor and outdoor space. The living area is assessed well below average—ranking in the bottom 1% on its street and in its area, and the bottom 3% citywide in Winnipeg—meaning the house itself is modest in size and likely reflects a lower assessed value accordingly. In contrast, the land area is above average at 6,331 square feet, ranking in the top 8% on Nuthatch Bay and top 25% citywide.

The appeal here is straightforward: you’re buying land, not square footage. The house may feel compact or dated, but the lot offers room to expand, garden, or invest in a property where the dirt is worth more than the structure. This suits buyers looking for a lower entry price into a specific neighbourhood, those comfortable with a renovation project, or anyone who prioritises outdoor space, privacy, or future development potential over immediate interior living area. It also appeals to investors who recognise that in many Winnipeg markets, larger lots in lower-assessed-value homes can offer better long-term returns than a turnkey house on a small lot.

Possible FAQs

1. Why is the living area assessed so low while the land is above average?
   This usually means the house itself is modest—fewer bedrooms, smaller rooms, or an older floor plan—while the lot is generous. Assessed value reflects both, but the rankings show the building contributes less to the total value than the land does.

2. Does the low living area ranking mean the house is in poor condition?
   Not necessarily. It primarily indicates square footage and assessed value relative to neighbours. A small house can be well-maintained. That said, a property in the bottom 1% of its area for living area may also have outdated systems or finishes, so a home inspection is wise.

3. Could I build an addition on this lot?
   Possibly, but it depends on local zoning, setback requirements, and lot coverage limits in Rosser-Old Kildonan. The 6,331 sqft lot is above average, but you should verify with the city whether an addition or secondary dwelling is permitted before making plans.

4. How do the rankings compare to others on this street?
   On Nuthatch Bay, the property ranks in the bottom 1% for living area and assessed value, but top 8% for land area. This suggests most neighbours have larger houses on smaller lots—so your purchase would offer more outdoor room than average for the street, but less indoor space.

5. Is this a good investment for a fix-and-flip?
   It can be, if you can add square footage or value affordably. The low assessed value means less capital tied up in the existing structure, and the large lot gives you options. However, since the street and area are near the bottom for living area, be cautious about over-improving for the neighbourhood—your ceiling price may be limited by what nearby homes sell for.