118 Loggerhead Road

Property Summary: 118 Loggerhead Road, Rosser-Old Kildonan, Winnipeg

Section 1: Key Characteristics & Appeal

This property presents a unique profile defined by a significant contrast between its municipal assessed value and its physical lot. The key characteristic is its very low assessed value of $133k, which is notably below averages for the street, area, and city. This suggests a property that is likely unimproved land, a teardown, or a home requiring substantial renovation.

Its appeal lies primarily in its land value and potential. The lot size of 4,367 sq ft is above average for Loggerhead Road itself. For a buyer with vision, this represents a blank canvas or a redevelopment opportunity in a neighbourhood where newer homes (area average year built is 2013) are prevalent. The value is almost entirely in the land, making it a candidate for a custom build or a strategic hold.

This property would suit specific buyer types: investors or builders looking for a lot to develop, budget-conscious buyers willing to undertake a major renovation project, or those seeking a long-term land investment in a growing area. It is less suited to anyone seeking a move-in ready home.

A less obvious perspective is that the low assessment could result in significantly lower property taxes in the short term, improving cash flow for an investor during a planning or holding phase. Additionally, being on a street with an average build year of 2024 indicates it's in a freshly developed or rapidly developing section, offering the chance to build a modern home among other new constructions.

Section 2: Frequently Asked Questions (FAQs)

1. Why is the assessed value so much lower than nearby properties?
The assessed value is typically based on the property's current state. A value this far below area averages strongly indicates the existing structure, if any, adds minimal value. The assessment is likely primarily for the land, suggesting a vacant lot, a very old home, or one in need of major repairs.

2. Is this a vacant lot?
The listing does not explicitly state it is vacant, but the lack of data on living area and year built, combined with the extremely low assessment, are strong indicators that it is either a true vacant lot or a property with a structure of negligible value.

3. What can I build on this lot?
You would need to consult with the City of Winnipeg's planning department to confirm zoning bylaws, which dictate the type, size, and placement of any new structure. The neighbourhood's modern average build year suggests it is likely amenable to new residential construction.

4. How can I find out the exact sale history or condition?
As noted in the data, sold price history is not automatically displayed. You must request exact figures via the website's email system, which involves a manual lookup by the site operators.

5. Are the low taxes based on this assessment permanent?
No. If you purchase the property and then build a new home or significantly renovate, the City will reassess the property based on its new state, which will result in a higher assessed value and correspondingly higher property taxes.