46 Lloyd Mckinnon Way

Section 1: Property Overview

This property at 46 Lloyd Mckinnon Way in Winnipeg's Sage Creek neighbourhood presents a unique profile. Its key characteristic is a very low municipal assessed value of $12,800, which is notably lower than other homes in the immediate area and across the city. The data indicates it ranks as the newest home by year built on its street, in the neighbourhood, and even city-wide, suggesting it is likely a recently built or substantially renovated property. The lot size is a generous 3,589 sq ft, placing it in the top tier for the street.

The appeal lies in its potential. For a buyer with vision, this could represent a significant opportunity to add value, whether through completion, renovation, or development, on a sizable lot in a sought-after, modern community like Sage Creek. It would suit experienced investors, builders, or homeowners looking for a project with a favourable entry point. A less obvious perspective is that the stark contrast between the assessed value and the typical values in Sage Creek requires careful due diligence to fully understand the property's current state and the reasons behind the assessment.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than other homes in Sage Creek?
Municipal assessments are based on a property's state and market value at a specific point in time. A value this far below neighbouring homes typically indicates a property that is not yet finished, requires significant work, or has a specific characteristic (like an incomplete build) that the assessment reflects.

2. What does ranking as the "newest" built home mean practically?
The data shows it ranks as the #1 newest on its street, in Sage Creek, and in all of Winnipeg. This strongly suggests it is a very recent construction (likely 2024 or 2023) that may not yet be fully completed or occupied, which would explain the atypical assessment.

3. Who would this property be most suitable for?
It is best suited for buyers with the resources and expertise for a project—such as builders, developers, or seasoned investors. It is less likely to be a turn-key home for a first-time buyer seeking immediate occupancy.

4. Is the land size a positive feature?
Yes. At 3,589 sq ft, the lot is larger than all others on Lloyd Mckinnon Way. This provides more outdoor space and potential flexibility for landscaping, additions, or future development, which is a valuable asset in a newer community.

5. What are the most important next steps for an interested buyer?
The crucial step is to determine the exact physical and legal status of the property. This involves a thorough title search, a detailed professional inspection, and direct inquiries with the city to understand any permits, holds, or conditions affecting the property and its valuation.