321 Numeracy Lane

Property Overview: 321 Numeracy Lane, Winnipeg

Key Characteristics & Appeal

This property at 321 Numeracy Lane in Leila North presents a unique profile defined by its data. Its most striking characteristic is its exceptionally low municipal assessed value of $12,700, which ranks in the top 0% for the street. This suggests a property type that is an outlier compared to typical area homes. The lot size of 2,750 sq ft is also notably smaller than both area and city-wide averages.

The appeal here is likely rooted in potential and position rather than a finished product. It suits a specific type of buyer: an investor, developer, or hands-on individual looking for a land opportunity or a foundational project in a mature neighbourhood. The value proposition is centered on the lot itself and the possibility of building or significantly improving upon what currently exists. It’s a property for those focused on underlying value and future potential, not for someone seeking a move-in-ready home. A thoughtful perspective is that its low assessment, while indicating minimal current improvements, could also represent a lower property tax burden during a redevelopment phase.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby properties?
A dramatically lower assessed value typically indicates that the municipal assessment reflects a much smaller or less improved structure (such as a very modest home or cottage) compared to neighbouring houses, or possibly even a vacant lot. It does not reflect market value.

2. What does the "Elite — Top 0%" ranking mean for value?
In this context, "Elite" refers only to its position within the specific ranking metric (e.g., lowest assessed value on the street). It signifies it is an extreme outlier, not that it is a high-end property. It highlights how different this parcel is from others in the immediate area.

3. Is this a teardown or development opportunity?
Given the low assessment and small lot size relative to the area, it is a strong candidate for a teardown or a new build. Buyers should verify zoning bylaws with the city to understand what can be constructed.

4. How can I find out the exact historical sale prices?
As noted, the exact sold price history is not publicly displayed. You must request it via the email system provided on the listing page, to which the listing agent commits to replying manually.

5. Are the nearby "Worth viewing" listings similar to this one?
Not necessarily. While on the same street, listings like 330 and 233 Numeracy Lane have assessed values ten times higher, indicating they are likely standard, improved residential properties. They are suggested for viewing to provide context for the area, not as direct comparables to 321 Numeracy Lane.