118 Jim Gauthier Drive

Property Overview & Appeal

This property at 118 Jim Gauthier Drive presents a unique opportunity centered on its land value and location within Winnipeg's Peguis neighbourhood. Its key characteristic is a sizable lot of nearly 6,000 square feet, which ranks in the top tier for size on its street. The appeal lies in the potential this blank canvas offers. With no existing structure detailed, it suits a specific buyer: someone looking to build a new home to their exact specifications on a well-sized lot in an established area, or an investor holding land with future development potential. It’s a play for the future, offering freedom from the constraints and costs of renovating an existing home.

A less obvious perspective is the value of its established neighbourhood context. The lot is surrounded by homes, providing immediate community infrastructure, unlike raw land in a brand-new subdivision. The very low assessed value strongly indicates this is a land-only purchase, so buyers must be prepared for the full scope and cost of construction.

Frequently Asked Questions

1. Is there a house on this property?
Based on the extremely low assessed value compared to nearby built homes, this listing is almost certainly for the land only. Prospective buyers should verify this with the listing agent.

2. What makes this lot desirable?
The lot is notably larger than most on its street (top 4%), offering more space for a home, yard, or landscaping than typical neighbouring properties. Its location in a settled neighbourhood means utilities and roads are already in place.

3. Who would this property suit best?
It is ideal for individuals or families with plans to build a custom home, or for investors with a longer-term hold strategy. It is not suitable for buyers seeking a move-in-ready home.

4. Why is the assessed value so much lower than nearby properties?
The assessment reflects the value of the vacant land only. Nearby properties with higher values include the cost of houses, garages, and other structures.

5. What should I research before considering this purchase?
Essential next steps include confirming zoning regulations, checking for any building restrictions or covenants, verifying connection costs for utilities, and obtaining detailed quotes for construction to understand the full project budget.