101 Lyra Gate

Key Characteristics & Appeal

101 Lyra Gate is a 1,260 sqft home built in 2018 on a 1,930 sqft lot. Its standout feature is its age. It ranks among the newest homes on its street (top 5%) and in the top 4% city-wide, where the average home was built in 1966. The assessed value of $347k is slightly above the street average but significantly below the neighborhood average, likely because many nearby homes are newer and larger. The lot is on the smaller side, which is typical for this area.

The appeal here is a newer, low-maintenance house in an older, established neighborhood. You get modern construction and finishes without the premium price tag of a newer subdivision. It suits buyers who prioritize a turnkey property—less immediate renovation work—and are comfortable with a compact lot. It's less suited for someone looking for a large yard or maximum square footage for the money.

Frequently Asked Questions

1. Why is the assessed value below the neighborhood average but above the street average?
The neighborhood (West Kildonan Industrial) includes many newer, larger homes that push the average higher. On Lyra Gate itself, this home’s value sits above the street median, meaning it’s one of the more valuable properties on that specific block.

2. Is a 1,930 sqft lot very small for Winnipeg?
Yes, it is below average by city standards. The typical Winnipeg home sits on over 6,500 sqft. Within this specific neighborhood, lots also tend to be larger. This is a compact urban lot, common for newer infill homes, not a sprawling suburban yard.

3. How does the living area compare to typical homes in the area?
At 1,260 sqft, the home is slightly above average for its street but well below the neighborhood average of 1,591 sqft. It’s a modestly sized home, appropriate for a couple, a small family, or someone downsizing—not a large family home.

4. What does "ranked #1 out of 22 on the street" for year built actually mean?
It means that, out of 22 comparable properties on Lyra Gate, this is the newest. Every other home on that street is older, some by only a year or two. It’s the newest house on a block of otherwise similar-age or older homes.

5. Is a "top 4%" city-wide ranking for year built significant?
Yes. In a city where the average home is nearly 60 years old, being built in 2018 places this home in an elite group. Very few homes in Winnipeg are this new, which offers practical advantages like modern insulation, electrical systems, and lower immediate maintenance needs.