Property Summary: 599 Ken Oblik Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This property at 599 Ken Oblik Drive in South Pointe West presents a unique opportunity centered on its land. The lot is a manageable 2,159 sqft, placing it within the top tier for size on its street. However, its most defining characteristic is its exceptionally low assessed value of $10,700, which is the lowest in its immediate neighbourhood and among the lowest in all of Winnipeg. This indicates a property requiring significant investment, likely a vacant lot or a structure with very minimal improvements.

The appeal lies squarely with vision-driven buyers and investors. It is a clear candidate for a new build or a major, ground-up renovation. The location in South Pointe West offers the benefit of a developed community without the premium price of a move-in-ready home. This property would suit a buyer looking for a blank canvas to create a custom home, a developer familiar with the area, or a strategic investor comfortable with a construction project. A less obvious perspective is its potential as a long-term hold; securing a lot in a city neighbourhood at this entry point could offer substantial equity growth once developed, separate from the costs of the build itself.

Section 2: Frequently Asked Questions (FAQs)

1. Is this a vacant lot?
While the listing doesn’t explicitly state it, the extremely low assessed value and lack of data for living area, year built, basement, or building type strongly suggest it is either a vacant lot or a property with negligible structural value.

2. Why is the assessed value so low compared to nearby properties?
The assessed value reflects the property’s current state as land with little to no improvements. Nearby properties with similar addresses but higher values (e.g., 83 Eastfield Court at $45,300) are completed homes, while others on Ken Oblik Drive with values around $10k-$11k are likely similar vacant lots.

3. What are the costs beyond the purchase price?
A buyer must budget for all costs of new construction: architectural plans, permits, utility connections, construction materials, and labour. It is crucial to get detailed quotes and understand local building bylaws before purchasing.

4. How does the lot size compare?
At 2,159 sqft, the lot is above average for Ken Oblik Drive (top 12% on the street), but it is compact. This suggests a modern, efficient home design would be most suitable, rather than a sprawling footprint.

5. Are the neighbouring properties similar?
Immediately adjacent addresses (595, 603 Ken Oblik Dr.) appear to be comparable low-value lots, indicating this may be a section of street undergoing redevelopment. This can be positive, suggesting future neighbourhood renewal, but it also means living alongside active construction sites for a period.