78 Stranmillis Avenue

Property Overview & Appeal

78 Stranmillis Avenue presents a unique opportunity in Winnipeg's Glenwood neighbourhood. Its key characteristic is a very low municipal assessed value of $15,400, which is notably below most neighbouring homes. The property sits on a decent-sized lot of 2,550 sq ft, ranking it in the top 21% for land area on its street. However, specific details like year built and living area are not provided in the available data, suggesting this may be a vacant lot or a teardown property.

The appeal lies in its potential. With a low entry point in terms of assessed value, it suits buyers looking for a land play, a build-to-suit project, or investors comfortable with a renovation or new construction undertaking. The lot size offers flexibility. It would not typically suit a buyer seeking a move-in ready home, but rather those with vision, a development plan, or a longer-term investment horizon. A thoughtful perspective is that its value is almost entirely in the land, making it a straightforward canvas but also placing the full burden of improvement costs on the buyer.

Frequently Asked Questions

1. Is this a vacant lot or a house?
Based on the lack of data for year built, living area, and the very low assessed value compared to neighbours, it is highly likely this is either a vacant residential lot or a property with a structure that has negligible value (e.g., a teardown).

2. Why is the assessed value so much lower than nearby homes?
The assessed value reflects the municipality's valuation for tax purposes. A value this low typically indicates there is little to no improveable structure on the land, especially when compared to neighbouring homes with clear living areas and higher values.

3. What can I build here?
You would need to verify with the City of Winnipeg's planning department for exact zoning bylaws, which dictate the type, size, and placement of any home you could build on this lot.

4. Are utilities connected to the property?
This is a critical due diligence question for a potential land purchase. A buyer must confirm the availability and connection points for water, sewer, gas, and electricity, as bringing services to a vacant lot can be a significant cost.

5. How does the "top 1%" ranking for year built work if the data is missing?
The statistical ranking appears to be automated. A missing value (likely entered as a very recent or null date in the database) may be interpreted by the ranking system as "new," hence the high percentile. This underscores the importance of verifying all physical facts through a site visit and official records, not just data rankings.