88 Hominick Place

Property Overview & Key Characteristics

88 Hominick Place presents a compelling opportunity centered on its land and location within Winnipeg's Canterbury Park neighbourhood. The primary appeal lies in its substantial 8,177 sqft lot, which ranks in the top 5% for size within the area, offering rare potential for expansion, gardening, or outdoor living. The property's assessed value of $15,500 is notably higher than most immediate neighbours, suggesting it is viewed as a premium parcel on the street. This is a property where the value is fundamentally in the land itself.

It would suit a buyer with a vision—someone looking for a spacious lot in a well-regarded neighbourhood, possibly as a long-term family base or a future building project. It also appeals to the value-conscious investor who understands that land is a scarce resource and sees potential in a larger-than-average lot within a mature community. The data indicates it's a standout property on its street and in the wider area, making it ideal for a buyer prioritizing space and location over a move-in-ready home.

Frequently Asked Questions

1. Why is the assessed value higher than the surrounding homes?
The assessed value is likely higher due to the property's significantly larger lot size compared to neighbours. Municipal assessments consider land value heavily, and a lot in the top 5% of the neighbourhood for size commands a premium.

2. What does the lot size ranking actually mean for me?
Ranking in the top 5% for lot size in Canterbury Park means you are getting a parcel of land that is rare for the area. This translates to more privacy, space for additions like a garage or workshop, and less feeling of being crowded by nearby homes.

3. Who would this property not be a good fit for?
It may not suit buyers seeking a turn-key home or those with a strict immediate budget, as the value is land-centric. It's also less ideal for those who prefer low-maintenance, small-lot living without a desire to utilize outdoor space.

4. The "Worth Viewing" comparable listings have similar values. What should I look for?
When viewing comparable properties like those on Desrosiers Drive, focus on comparing the lot sizes, conditions, and layouts. A similar price on a standard lot suggests 88 Hominick's value is anchored in its land, so consider if you prefer that over a potentially more updated house elsewhere.

5. Is the higher assessment a drawback for property taxes?
Typically, a higher assessed value can lead to a higher property tax bill. It's important to weigh the benefits of the large lot against the ongoing tax cost, as you are effectively paying a premium for the extra land.