51 Bibi Khivi Bend

Property Summary: 51 Bibi Khivi Bend

Section 1: Overview & Appeal

This vacant residential lot in Waverley West's Bibi Khivi Bend presents a straightforward opportunity for a buyer looking to build a new home. Its key characteristic is the land itself—a 3,012 sqft parcel in a newer suburban community. The primary appeal lies in its blank canvas potential, allowing for custom home construction without the need for demolition or renovation of an existing structure.

The lot’s data suggests it is among the newest available in its immediate area and street, indicating it’s part of a recent phase of development. This could appeal to buyers seeking modern neighbourhood amenities and infrastructure. The very low assessed value, when compared to nearby finished homes with values in the hundreds of thousands, clearly reflects that this is a land-only purchase.

This property would suit a specific type of buyer: someone with the plans, patience, and capital to undertake a building project. It’s ideal for a first-time builder looking for a manageable lot size, or perhaps a small-scale developer. A less obvious perspective is its potential appeal to an extended family member already living in the neighbourhood, providing a chance to build a new home nearby on a known street. Given the lot rankings, it may also attract buyers who place a premium on being among the first to build on a newer street within the established Waverley West area.

Section 2: Frequently Asked Questions

1. What does the assessed value represent?
The listed assessed value of $14.3k is for the land only. This is not the market price of a finished home. It is the city’s valuation for tax purposes on the vacant lot.

2. What are the build timelines and restrictions?
Prospective buyers must contact the City of Winnipeg to understand all zoning bylaws, required permits, and any architectural guidelines or restrictive covenants that may apply to the subdivision before purchasing.

3. Are utilities available at the lot line?
For any vacant lot, it is crucial to verify the availability and connection costs for essential services like water, sewer, natural gas, and electricity. This information is typically obtained through a builder or by direct inquiry with the utility providers and the city.

4. How do the "rankings" work?
The rankings compare this specific lot against others on its street, in the neighbourhood, and across Winnipeg. For example, being in the "top 0%" for land area on its street simply means it is the largest (or tied for largest) lot on Bibi Khivi Bend.

5. Why are the comparable "Nearby Properties" so different in value?
The list includes both vacant lots (with low assessed values similar to this one) and completed homes (with market values in the hundreds of thousands). This highlights the importance of distinguishing between buying land and buying a built property. The "Similar Assessed Value" list more accurately compares other vacant lots across the city.