325 Numeracy Lane

Property Overview: 325 Numeracy Lane, Winnipeg

Key Characteristics & Appeal

This property at 325 Numeracy Lane in Leila North presents a unique profile defined by its exceptionally low municipal assessed value of $12,700, which places it in the top tier for the street. Its appeal lies in its potential as a foundational investment or redevelopment opportunity, given the significant disparity between its assessed value and the average for comparable homes citywide (approximately $390,000). The lot size of 2,750 sq ft is modest, notably below the averages for both the immediate area and the wider city.

This home would primarily suit value-focused buyers, investors, or builders looking for a property where the value is in the land and future potential, rather than in the current structure. It’s a candidate for a complete renovation or rebuild. The data suggests the existing home may be older or in need of significant updates, making it less suitable for a buyer seeking a move-in-ready property. A thoughtful perspective is that this listing could represent a rare entry point into the neighbourhood, offering the chance to create new equity through improvement in an area where other homes hold substantially higher assessed values.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby properties?
This typically indicates the home is older, may require major repairs, or is assessed based on a different use (e.g., a significantly smaller or outdated structure compared to neighbours). It’s a strong signal to investigate the property's physical condition.

2. What does "No sales history is shown" mean?
It means recent public sales records for this specific address are not readily available in the database. The listing service offers to provide the exact history manually via email to ensure accurate information.

3. How should I interpret the "top 0%" ranking for assessed value on the street?
In this context, being in the "top 0%" or "rank 1 of 0" for a low assessed value is a statistical anomaly indicating it is an outlier on Numeracy Lane—its value is in a completely different range than every other listed home on the street.

4. Is the land large enough for a new build or major addition?
At 2,750 sq ft, the lot is below the average for Winnipeg. You should consult with the City of Winnipeg's planning department to understand specific zoning bylaws, setback requirements, and feasibility for your intended project.

5. Who would I contact to get the exact prior sale price?
You can use the "Get exact sold price history" email request form provided in the listing details. The service commits to replying manually with accurate data, which is crucial for making an informed offer.