11 Ara Way – Property Summary

Key Characteristics & Buyer Profile

This 2023-built home on Ara Way offers 1,766 square feet of living space on a 4,028-square-foot lot, with an assessed value of $504,000. The property sits in Winnipeg’s West Kildonan Industrial neighbourhood. Its main appeal is a combination of new construction and above-average living space relative to both the immediate area and the wider city. While the street itself has a handful of newer builds, this home ranks in the top 18% citywide for living area—meaning you get more interior space than most comparable homes in Winnipeg. The land is slightly smaller than typical city lots, which is common for newer infill or compact subdivisions, but the home itself is generously proportioned for its lot size. This property would suit buyers who want a modern, low-maintenance home with no immediate renovations needed, and who prioritize indoor square footage over a large yard. It’s also a strong fit for someone looking for a home that ranks well in assessed value compared to the broader market—useful for long-term equity positioning. Less obviously, the below-average age of the home relative to the street (ranked 13th out of 15) means some neighbours are even newer, which could affect short-term resale uniqueness, but the citywide newness (top 1%) is a genuine selling point.

Five Frequently Asked Questions

1. How does this home compare to others on Ara Way?
It’s roughly average for the street in living area and assessed value, and slightly smaller than the street average in land area. It is one of the older homes on the street by a narrow margin (built 2023 vs. street average 2024), but still new by any standard.

2. Is the lot size a drawback?
Only if you need a large outdoor space. At 4,028 square feet, it’s typical for the neighbourhood and slightly above the local average, but below the citywide average of 6,570 square feet. This is common for newer homes in denser areas.

3. What does “top 1% citywide for year built” mean in practical terms?
It means fewer than 1 in 100 homes in Winnipeg were built more recently. This translates to modern building standards, likely better energy efficiency, and fewer immediate maintenance concerns than the vast majority of properties in the city.

4. Is the assessed value of $504,000 reasonable for the area?
It’s slightly below the street average of $509,800, but well above both the neighbourhood average ($442,900) and the citywide average ($390,100). This suggests strong relative value—you’re paying below the immediate street average while still being in an above-average bracket for the larger area.

5. How does this property rank for resale potential?
The combination of new construction, above-average living area, and solid assessed value compared to the city suggests favourable resale positioning. The smaller lot may limit appeal for buyers wanting a large yard, but the modern interior and efficient use of space are likely to attract a consistent buyer pool.