Property Overview
92 Clayton Drive is a compact, one-storey home in Winnipeg's Lavalee neighbourhood. Built in 1956, it sits on a standard-sized lot just over 5,000 sq ft and features a detached garage. With 800 sq ft of living space, it is notably smaller than most homes in the area and across the city. Its key characteristic is its significantly below-average assessed value, which positions it as one of the most accessible entry points into homeownership in its immediate vicinity. The home last sold in August 2023.
Key Characteristics & Appeal
This property’s primary appeal lies in its affordability and simplicity. It suits first-time buyers, downsizers, or investors seeking a low-cost entry into the market with minimal initial financial outlay. The modest size and single-level layout mean lower utility costs and easier maintenance. Its value is contextual: while its size and assessed value rank below average for the street, neighbourhood, and city, this creates a unique opportunity to own a detached home with land in a settled area at a price point far below typical benchmarks. A thoughtful perspective is that this home represents a "blank canvas" property—its below-average metrics compared to peers suggest significant potential for value growth through updates or an addition, making it a strategic project for a handy buyer or a long-term hold.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is primarily driven by the home's smaller square footage (800 sq ft) and its basic characteristics compared to larger, more updated homes in Lavalee and across Winnipeg.
2. What is the exact sold price from August 2023?
The public data shows a sold price range. You can request the exact sold price history by emailing the listing service; they provide the figure manually without marketing spam.
3. Is the basement developed?
No, the listing specifies "Basement: No," indicating it is likely undeveloped or a crawl space.
4. Who would this home be best suited for?
It is best suited for budget-conscious first-time buyers comfortable with a smaller footprint, investors looking for a rental property with a low purchase price, or downsizers seeking a manageable, single-level home.
5. How does the lot size compare?
At 5,001 sq ft, the lot is fairly average for Clayton Drive but is below the larger average lot size for the broader Lavalee neighbourhood.