258 Numeracy Lane

Property Overview & Key Characteristics

This property at 258 Numeracy Lane in Winnipeg's Leila North neighbourhood presents a unique profile defined by its significant value proposition. Its most striking characteristic is its exceptionally low municipal assessed value of $13,100, which places it in the top 0% for its street and contrasts sharply with average home values in both the neighbourhood ($56,800) and city-wide ($390,000). The lot size is a modest 2,876 sq ft, which is below average for the area.

The primary appeal lies in its potential as a foundational investment. It suits a specific type of buyer: those looking for a land opportunity or a complete redevelopment project, rather than a move-in ready home. Given the lack of data on living area, year built, and the mention of no garage, pool, or finished basement, the existing structure may be very basic or possibly even a tear-down. This would appeal to builders, investors with a long-term vision for the lot, or buyers willing to undertake a major construction project to create new equity.

Frequently Asked Questions

1. Why is the assessed value so low compared to other homes?
This typically indicates the municipal assessment reflects a very modest or minimal structure on the land. The value is likely in the land itself, with the building contributing little to the total assessed value.

2. What does "Top 0%, rank 1 of 0" mean for the street ranking?
This statistical notation suggests 258 Numeracy Lane has the highest assessed value on its street, but it is compared to a very small or specific data set (potentially only homes with similar ultra-low assessments). It highlights its uniqueness rather than indicating luxury.

3. Is this a move-in ready home?
Available data suggests it is not. The absence of listed living area, year built, and amenities like a garage or finished basement indicates a property requiring significant investment, likely a major renovation or rebuild.

4. Who would this property suit best?
It is best suited for investors, builders, or very hands-on buyers. Its value is as a blank canvas or land play in an established neighbourhood, ideal for someone planning a new construction project.

5. How should I interpret the nearby comparable listings?
Nearby homes on Numeracy Lane with similarly low assessed values (e.g., $12,400 - $14,300) reinforce that this is a specific pocket or style of property, likely with similar redevelopment potential, rather than an outlier.