188 Rangeview Way

Property Overview & Appeal

This property at 188 Rangeview Way in Winnipeg's Waverley West B neighbourhood presents a unique opportunity defined by its land. The key characteristic is the very large 8,670 sqft lot, which places it in the top tier for size both on its street and within the wider city. While specific details on the building itself, such as year built and living area, are not provided in this data, the assessed value is notably low at $20,700. This combination suggests a property where the primary value lies in the land itself, rather than any existing structure.

Its appeal is likely for a specific buyer: someone looking for a blank canvas or a long-term land investment. It could suit a builder planning a new home, an investor willing to hold the lot, or a buyer with the vision and budget to develop or significantly renovate. The lot's size offers flexibility for a spacious home, landscaping, or outdoor amenities that are harder to find in newer subdivisions. A less obvious perspective is that, compared to nearby properties with modern builds and high assessed values, this listing may represent a chance to enter a desirable area at a lower entry point, with the trade-off being the future investment required.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby properties?
The assessed value is typically based on the property's current state. Given the low value and lack of detailed building information, it is likely that the assessment reflects the value of the land with either a very modest structure or one in need of significant improvement.

2. What can I actually build on an 8,670 sqft lot?
Lot size regulations allow for substantial flexibility. You should consult with the City of Winnipeg's planning department to understand specific zoning bylaws, building setback requirements, and maximum footprint allowances to determine what a new home could look like.

3. Are utilities like water, sewer, and gas connected to the lot?
This is a critical due diligence question. A potential buyer must verify with the city and local utility providers that services are available at the lot line and what connection fees or requirements might be.

4. How does the "Top 1%" ranking for year built in the neighbourhood work if the year is not listed?
The ranking is based on the available data for comparable properties. This statistic suggests that, among properties with a listed year built in the area, this one is treated as being newer than 99% of them, which may indicate it is a vacant lot or that the data is being interpreted from a default or placeholder value.

5. Is this a teardown property?
Based on the available information, that is a strong possibility. The low assessed value relative to the land size and the lack of detailed building metrics often indicate that any existing structure contributes minimal value. A site visit and professional inspection would be essential to confirm the condition.