A Ground-Level Look at This Property

Key Characteristics & Who It’s For

This property offers a notably low tax-assessed value of $110,000—sitting in the bottom 1% for its street, area, and citywide. That figure is far below typical benchmarks, suggesting either a compact footprint, deferred updates, or a unique zoning situation. The living area is correspondingly below average, while the lot is around 4,361 square feet (top 33% locally), providing more outdoor space than many nearby homes. The year built is roughly average for the area.

The main appeal here is entry-level affordability in a market where most homes appraise much higher. It would suit a buyer comfortable with a smaller interior—perhaps a first-time owner prioritizing land over square footage, or someone looking for a project property where the low assessment may translate to lower property taxes. Less obviously, it could interest an investor or downsizer who wants a manageable home with a decent yard, rather than a high-asset property.

Five Possible Questions

1. Why is the assessed value so low compared to the neighborhood average?
   The city’s assessment likely reflects a smaller living area and possibly older finishes or systems. It’s not necessarily a sign of poor condition—just that the home doesn’t match the median size or updates of nearby $400k+ properties.

2. Does a low assessed value mean lower property taxes?
   Generally, yes. Taxes are calculated from the assessed value, so a $110k assessment would likely keep annual costs well below those of higher-valued homes on the same street. A local tax estimator can confirm the exact amount.

3. Is the lot truly usable for gardening, expansion, or recreation?
   At roughly 4,361 square feet, the lot is above average for the immediate area. You’ll have room for a garden, shed, or small addition, but it’s not oversized—so any major expansion would require checking setback rules.

4. How does the home’s age affect insurance or renovation costs?
   With an average year built, you might face typical mid-century issues (like older wiring or plumbing) unless updates have been made. Insurance rates can be higher for older homes, but a pre-purchase inspection will clarify what’s original.

5. Who else has bought homes at this price point in West Kildonan Industrial?
   Because the area is dominated by higher-value industrial and residential properties, a home this low is uncommon. Buyers here often include tradespeople wanting a workshop with living space, or those comfortable with a non-standard layout near commercial zones.