317 Numeracy Lane

Property Summary: 317 Numeracy Lane, Leila North, Winnipeg

Key Characteristics & Appeal

This property presents a unique profile defined by significant contrasts. Its most striking characteristic is its exceptionally low municipal assessed value of $12,700, which places it in the top 0% of Numeracy Lane and is drastically below averages for both the Leila North neighbourhood and Winnipeg overall. The lot size of 2,750 sq ft is also notably smaller than area norms. These metrics suggest a property that is likely a condo-style unit (such as a townhouse or apartment) without individual garage parking, given the "Garage: None" designation and the building type being unspecified.

Its appeal lies squarely in extreme affordability and potential as an entry point into the market. It suits a very specific buyer: investors looking for a low-cost rental property, first-time buyers prioritizing minimal property tax and purchase price above all else, or individuals seeking a modest, no-maintenance footprint. A thoughtful perspective is that such a low assessment in a city with rising values could indicate either a significant opportunity or require significant due diligence into the property's condition, legal title, and any associated condo or maintenance fees that aren't reflected in the tax assessment.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
This is the central question. The value is consistent with other units at similar addresses (e.g., 3000 Pembina Highway), strongly indicating this is a condominium unit, not a standalone house. Assessments are based on market value for the unit type, which for a small condo can be far lower than for a detached home.

2. What type of dwelling is this exactly?
The listing lacks key details, but the data suggests a condo, likely a townhouse or apartment unit. The "Basement—" and "Pool—" fields indicate it does not have a private basement or pool. Confirming the exact property type (e.g., strata title) with the listing agent is essential.

3. Are there monthly condo or maintenance fees?
Almost certainly. Given the likely condo structure, monthly fees for common area maintenance, building insurance, and reserves would be expected. These fees are a critical part of the total monthly cost and are not reflected in the tax assessment.

4. How useful are the "top 0%" rankings for this property?
They are context-specific. The "Elite" ranking for value on its street simply means it is the lowest assessed property on Numeracy Lane, not that it is prestigious. The rankings highlight how atypical this property is compared to most area homes.

5. What should a buyer investigate most carefully?
Beyond the standard inspection, focus on the condominium corporation's financial health (reserve fund study), the specifics of what the fees cover, any pending special assessments, and the rules/restrictions of the strata. Also, verify why some nearby Numeracy Lane properties have assessments over $130k, as this stark disparity warrants understanding.