72 Ruth Crossing

Property Overview

This property at 72 Ruth Crossing in Winnipeg's Waverley West B neighbourhood presents a unique profile defined by its land value and ranking metrics. Its primary appeal lies in the land itself—a 3,062 sqft lot that ranks in the top tier for size both within its immediate street and the broader neighbourhood. The data suggests a property where the value is currently anchored in the development potential or location of the parcel rather than an existing structure. It would suit a buyer with a vision for building new, an investor looking for land value in a growing area, or someone interested in a property with very specific tax implications. It's less suited for a buyer seeking a move-in ready home with conventional amenities.

Key Details & FAQs

• Key Characteristics: The standout feature is the land area, which ranks in the top 12% of the neighbourhood. The assessed value is notably low at $14,600, which is consistent with vacant land or a property with minimal improvements. The provided comparable listings show a wide range of assessed values in the area, indicating a diverse mix of property types and stages of development nearby.
• Where Its Appeal Lies: Appeal is grounded in opportunity. For the right buyer, this represents a blank canvas in a newer community. The high rankings for lot size indicate a desirable, potentially premium parcel within the local context. The low assessed value could point to a lower annual property tax burden, which is a significant long-term consideration.
• Ideal Buyer Profile: This property suits a builder or developer, a buyer planning a custom home project, or a strategic investor focusing on land acquisition. It requires a buyer comfortable with a project and the due diligence that entails, rather than someone seeking a traditional house.

Frequently Asked Questions

1. Why is the assessed value so much lower than other properties in the listings?
The listed assessed value of $14,600 is characteristic of vacant land or a property with no significant structures. The comparable listings shown include developed homes with much higher values, highlighting that this property's value is primarily in the lot itself.

2. What does the "Rank by area" and other rankings actually mean?
These percentiles show how this property's attributes compare to others. For example, its land area is larger than 88% of lots in the neighbourhood (top 12%). However, its assessed value is in a lower percentile, reinforcing that the land is the key asset.

3. Is this a vacant lot?
While the listing doesn't explicitly state "vacant," the absence of data for living area, basement, garage, and building type, combined with the very low assessed value, strongly indicates it is either a vacant lot or has negligible improvements.

4. What should I research before considering this property?
Essential research includes verifying zoning bylaws with the city to understand what can be built, checking for any development fees or servicing costs, and investigating the timeline for full community amenities and infrastructure in this specific part of Waverley West.

5. The nearby properties have widely different values. What does that indicate about the area?
This suggests the neighbourhood is in an active state of development, with vacant lots, newly built homes, and established properties all existing in close proximity. It indicates growth and potential, but also means the immediate streetscape may be in flux for some time.