59 Eastfield Court

Property Overview

This home at 59 Eastfield Court in Winnipeg's South Pointe West neighbourhood presents a unique opportunity. Its key characteristic is a very large 4,250 sqft lot, which places it in the top half of its street for land area. The property's standout feature, however, is its assessed value of $13,200, which is notably lower than nearly all immediate neighbours—many of which are newly built homes with values exceeding $45,000.

The primary appeal lies in this significant value discrepancy, suggesting potential for the land itself or for future development, subject to due diligence and municipal approvals. It would suit a specific type of buyer: investors or builders looking for a land opportunity, or purchasers comfortable with a project who are primarily acquiring location and lot size. The appeal is less about the existing structure and more about the underlying asset and its possibilities within a modern, developing area.

Frequently Asked Questions

1. Why is the assessed value so much lower than the nearby new builds?
This typically indicates the existing structure is older, more modest, or assessed differently than the newly constructed homes surrounding it. The value is likely in the land.

2. What does "Top -6% in same street" for the assessed value mean?
This means this property's assessed value is 6% lower than the average for its street, ranking it 17th out of 16 properties (the last rank). It confirms it has the lowest assessment on the block.

3. Is this a teardown property?
While not stated, the combination of a large lot, low assessed value, and being surrounded by new 2024 constructions strongly suggests it's a prime candidate for redevelopment. Buyers must verify zoning and any development restrictions.

4. Who would this property not be suitable for?
It is likely not suitable for buyers seeking a move-in ready, modern home comparable to the new builds next door. It may require substantial renovation or rebuilding.

5. The listing shows no data for Year Built or Living Area. Why?
Municipal records may not have this data readily available for older properties, or it may not be applicable if the structure is considered of minimal value compared to the land. A physical inspection and survey would be necessary to determine the existing conditions.