329 Numeracy Lane

Property Summary: 329 Numeracy Lane, Leila North, Winnipeg

Section 1: Key Characteristics & Appeal

This property at 329 Numeracy Lane presents a unique opportunity defined by its land value and location within the Leila North neighbourhood. Its key characteristic is a sizable 2,750 sqft lot, which ranks in the top tier for size both on its street and within Winnipeg. The assessed value is notably low at $12,700, placing it in the top 2% of Winnipeg for low property assessment, which suggests a very low annual property tax burden.

The primary appeal lies in its potential. This is a blank canvas suited for a buyer looking for a land play or a building project, rather than a move-in ready home. It would perfectly suit an investor, builder, or a hands-on buyer planning a new construction who values a large lot in a mature neighbourhood with minimal ongoing tax overhead. A less obvious perspective is its appeal to those seeking simplicity and a low fixed cost of ownership, as the low assessed value provides a predictable and modest annual tax bill, freeing up capital for improvements or other investments.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than nearby properties?
The assessed value is based on the property's current state as determined by the municipal assessor. This significant difference from some neighbours likely indicates the property is considered land value only, without substantial improvements or a developed structure contributing to the valuation.

2. What does the "Top 0%" ranking for the street mean?
Rankings compare this property to others on the same street or area for a specific metric (like lot size or assessed value). "Top 0%" for lot size means it has one of the largest lots on Numeracy Lane. Conversely, "Top 0%" for assessed value means it has one of the lowest assessments on the street.

3. Is this a tear-down or vacant lot?
While the listing doesn't specify the building details, the extremely low assessed value and lack of listed living area strongly suggest the property is either a vacant lot or features a structure that adds negligible value, making it a prime candidate for redevelopment.

4. Who would this property suit best?
It is ideally suited for builders, developers, or investors with the resources and plan for new construction. It could also appeal to a buyer seeking an affordable entry into the neighbourhood with a long-term vision to build their own home.

5. What are the main financial considerations?
The obvious advantage is the low property tax. The main consideration is the total project cost, which would be the purchase price plus all costs for designing, permitting, and constructing a new home, as well as connecting to all municipal services. Financing for such projects often differs from a standard mortgage.