582 Manitoba Avenue

Property Summary: 582 Manitoba Avenue, Winnipeg

Key Characteristics & Appeal

This property at 582 Manitoba Avenue in the William Whyte neighbourhood presents a unique opportunity defined by its land value and potential. The lot is a substantial 3,548 sqft, ranking within the top 39% for size on its street, offering more space than many nearby properties. Its most defining characteristic is its exceptionally low municipal assessed value of $6,100, which places it at the very bottom of the spectrum for the street and city. This, combined with the lack of provided details on the building itself (with living area and year built marked as unavailable), strongly suggests this is a vacant lot or a property with a structure of negligible assessed value.

The appeal lies squarely with vision-driven buyers and investors. It suits those looking for a blank canvas—whether for new construction, a long-term hold as land value appreciates, or a strategic addition to a nearby portfolio. It’s a practical entry point into the market with minimal property tax overhead. A less obvious perspective is its potential utility for community-focused projects or as a solution for someone needing space without the immediate concern for existing housing conditions. Given the low assessment and the active sales activity on the block (with many nearby properties listed as "Worth viewing"), this listing may attract attention from developers or neighbours looking to consolidate land.

Frequently Asked Questions

1. Is this a vacant lot?
While not explicitly stated, the extremely low assessed value and the absence of data on living area and year built strongly indicate it is either a vacant lot or a property with a structure that holds minimal value in the assessment.

2. Why is the assessed value so much lower than nearby homes?
The assessed value reflects the municipality’s valuation for tax purposes. Compared to similar-sized but developed lots on the same street with values ranging from $14k to over $17k, this low assessment confirms the lack of a significant, value-adding structure on the land.

3. What can be built on this lot?
Any new construction would be subject to the City of Winnipeg’s zoning bylaws, which dictate the type, size, and placement of buildings. A buyer must consult the specific zoning for this address to understand its development potential.

4. Who would this property suit best?
It is best suited for investors, developers, or owner-builders with the resources and plan to develop the land. It could also appeal to a neighbouring property owner looking to expand their yard or prevent unwanted development next door.

5. Are utilities available to the site?
This is a critical due diligence question. Prospective buyers must verify with the city and local utility providers that water, sewer, gas, and electrical services are available at the lot line for connection to any future build.