Property Overview: 638 Redonda Street, Winnipeg

Key Characteristics & Appeal

This property at 638 Redonda Street in Transcona North presents a unique profile defined by its land value and potential. The nearly 3,000 sqft lot is its most tangible asset, ranking in the top tier for size on its street. The standout characteristic, however, is its exceptionally low municipal assessed value of $10,300, which is significantly below the typical values seen in the immediate area and across Winnipeg. This suggests the property is likely a vacant lot or has a structure of minimal assessed value, placing the emphasis squarely on the land itself.

Its appeal lies in its blank-canvas potential and affordability point. It is a candidate for a custom build, offering the chance to create a new home in an established neighbourhood without the premium often attached to newer lots. It could also suit an investor or buyer comfortable with a renovation or rebuild project. The lot size offers good space for a garden, outdoor living, or a larger footprint home compared to newer, narrower lots. This property would best suit a practical buyer with vision—someone looking for a strategic entry into the market, a builder, or an investor viewing it as a long-term land hold. The neighbouring new constructions on Emberwell Street, with their much higher assessed values, highlight the area's development potential and the possible upside.

Frequently Asked Questions

1. Is this a vacant lot?
While the listing doesn't explicitly state it, the combination of a very low assessed value, no listed living area, and the focus on land rankings strongly indicates it is a vacant residential lot.

2. Why is the assessed value so much lower than nearby homes?
The assessment reflects the property's current state. Compared to the newly built homes on Emberwell Street, this property lacks a developed structure, hence the value is almost entirely in the land.

3. What can be built here?
Any new construction would need to comply with Winnipeg's zoning bylaws. A buyer must consult the City of Winnipeg to confirm the specific zoning (e.g., lot coverage, setback requirements, and permitted building types) for this address.

4. Are utilities available to the lot?
This is a critical due diligence question. Potential buyers must verify with the city and local providers that water, sewer, natural gas, and electrical services are available at the lot line for connection.

5. How do the "ranking" percentages work?
The rankings compare this property's specific metrics (like lot size) against others on its street, in the neighbourhood, and across Winnipeg. For example, its lot size ranks in the top 6% in Transcona North, meaning it's larger than 94% of lots in the area. Conversely, its low assessed value ranks in the bottom 1%, meaning 99% of properties in Winnipeg have a higher assessed value.