229 Zimmerman Drive

Property Overview & Key Characteristics

This property at 229 Zimmerman Drive in Winnipeg's Ridgewood South neighbourhood presents a unique profile defined by its land and location. Its primary appeal lies in its exceptionally large lot, which is over 4,400 sqft and ranks within the top third for size on its street. The standout characteristic, however, is its assessed value, which is notably lower than nearly all comparable and nearby properties listed. This combination suggests a potential value opportunity centered on the land itself in a well-established area.

The home would likely suit a specific type of buyer: those with a vision for a major renovation or rebuild, investors or builders looking for a land value play in a mature neighbourhood, or value-conscious buyers willing to take on a project. Its appeal is less about move-in readiness and more about foundational potential and location. A thoughtful perspective is that this property offers a rare chance to create a custom home on a sizable lot in a settled community, bypassing the premium typically attached to newer builds or fully renovated homes in the area.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
A significantly lower assessment often reflects a property's current condition, age, or specific features that differ from updated or newer builds nearby. It typically indicates a home that may require substantial updates or investment.

2. What does the "Top 100%" ranking for year built and living area mean?
Rankings of "Top 100%" mean this property is the newest and has the largest living area in its comparison groups. However, as the data shows a blank field for both year built and living area, this is likely a data anomaly. Prospective buyers should verify the actual specifications directly.

3. Who would this property be best for?
It is best suited for buyers with renovation or rebuilding plans, builders, or investors focused on land value and long-term potential rather than immediate move-in condition.

4. How does the lot size compare to the neighbourhood?
The 4,441 sqft lot is a key asset, ranking in the top 20% for size within the broader Ridgewood South neighbourhood, offering more outdoor space than many local properties.

5. Are the nearby "for reference" and "worth viewing" listings similar?
The provided comparisons show mostly newer, larger, and significantly higher-assessed homes. They are useful for understanding the neighbourhood's upper-value range but are not direct comparables, underscoring 229 Zimmerman Drive's distinct position as a value-oriented listing.