133 Indra Crescent

Property Overview: 133 Indra Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This property at 133 Indra Crescent is situated in Winnipeg's North Inkster Industrial area. Its most defining characteristic is its exceptionally low municipal assessed value of $12,800, which is notably below most neighbouring and comparable properties. The land itself is a standard-sized lot of 1,538 square feet.

The primary appeal lies in its potential as a blank canvas for commercial or light industrial use, given the zoning. It represents a very low-cost entry point into the Winnipeg property market, which could suit specific, pragmatic buyers. This property would be most suitable for an investor or business owner looking for a strategic land holding with minimal upfront tax and carrying costs, or for a developer with plans for a new build, as the existing structure (if any) appears to contribute little to the assessed value. A less obvious perspective is its potential utility for a business requiring a modest physical address or storage footprint without the overhead of a larger, more modern facility. It is not aimed at traditional residential homebuyers.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than nearby properties?
The assessed value is typically based on the property's market value as determined by the city for tax purposes. A value this low often indicates that the existing buildings contribute minimal value, likely due to age, condition, or being functionally obsolete for modern use, with the value primarily in the land itself.

2. What can the property be used for?
The "North Inkster Industrial" neighbourhood designation suggests it is zoned for industrial or commercial activities. Specific permitted uses should be verified with the City of Winnipeg's planning department, as zoning bylaws dictate exactly what operations are allowed.

3. Is this a move-in ready home?
No. The data suggests this is not a conventional residential listing. There is no information provided on living area, bedrooms, or bathrooms, and the context indicates an industrial area. Buyers should anticipate a commercial or redevelopment project.

4. What are the main costs or considerations beyond the purchase price?
Prospective buyers must budget for potential demolition or significant renovation of any existing structures, costs for bringing utilities up to modern standards, and compliance with current industrial zoning and building codes. Property taxes, while based on a low assessment, are still applicable.

5. How does the "top percentage" ranking data work?
The rankings (e.g., "Top 0% in Winnipeg") compare this property against others based on specific metrics. For example, ranking in the top 0% for year built and living area means it ranks last (likely due to missing data or having no substantial structure). Conversely, ranking in the top 103% for assessed value on its street means it is above 100%—or the highest—which indicates it has the highest assessment percentile, meaning it's actually one of the lowest values on the street. This is a relative comparison, not a quality judgment.