48 Skylark Lane

Property Overview & Key Characteristics

48 Skylark Lane presents a unique profile. Its primary appeal lies in its land value and location within the established Rosser-Old Kildonan neighbourhood. The property boasts a sizable 2,699 sqft lot, ranking it in the top 2% for area within its immediate neighbourhood. However, its assessed value of $11,900 is a significant outlier, being the lowest on its street and among the lowest in Winnipeg (top 1%), which strongly suggests the listing is for a vacant land parcel or a property with no current habitable structure.

This would suit a specific type of buyer: someone looking for a blank canvas in a mature area, such as a builder, an investor planning a new construction project, or a buyer willing to undertake the process of designing and building a home from the ground up. Its value is almost entirely in the development potential of the lot itself, rather than in any existing living space.

Frequently Asked Questions

1. Is this a home or a piece of land?
Based on the provided data—specifically the absence of living area, year built, and the extremely low assessed value compared to neighbouring homes—this listing is almost certainly for a vacant residential lot.

2. Why is the assessed value so much lower than the houses around it?
Municipal assessments reflect the value of both land and improvements (like a house). The neighbouring properties with values around $120k include homes, while this $11,900 assessment is for the land value alone.

3. What can be built on this lot?
Prospective buyers must investigate the City of Winnipeg’s zoning bylaws for the parcel to understand permitted building types, size restrictions (FAR), setback requirements, and any other development regulations.

4. Are utilities available to the site?
A crucial due diligence step is to confirm the availability and connection points for water, sewer, natural gas, and electricity. Even in a developed neighbourhood, servicing a vacant lot may require specific connections and fees.

5. What are the true total costs beyond the purchase price?
Budgeting must extend to municipal development fees, potential land surveys, architectural plans, permitting, and full construction costs. Financing will also differ from a traditional mortgage, often requiring a construction loan.