111 Phoenix Way – Property Summary
Key Characteristics & Buyer Profile
This is a 1,514 sqft home built in 2019 on a 2,480 sqft lot, with an assessed value of $370,000. The property sits in the West Kildonan Industrial neighbourhood of Winnipeg.
Its main strengths are the living space and the construction year. The home is larger than 70% of comparable properties citywide, and it ranks in the top 4% of Winnipeg homes by year built. It was the newest house on its street when assessed. For someone who values a modern build with decent square footage, this stands out.
Where it sacrifices is land and assessed value. The lot is small—bottom of the street, and in the bottom 4% citywide. The assessed value is slightly below the neighbourhood average of $442,900, which may reflect the smaller lot or other factors like location within the area.
This home would suit a buyer who prioritizes a newer, move-in-ready interior over yard space or a large property footprint. It could work well for a first-time buyer, a couple, or someone downsizing from a larger lot who still wants a relatively spacious home. It's less ideal for a family wanting a big yard or a buyer focused on land appreciation.
Five Frequently Asked Questions
1. Is this house considered overpriced for the area?
The assessed value is $370,000, which is around average for its street but below the broader neighbourhood average of $442,900. That gap likely comes down to the smaller lot size. For the square footage and age, it's priced competitively relative to similar modern builds in Winnipeg.
2. How does the small lot affect resale value or use?
A 2,480 sqft lot limits outdoor expansion—think decks, gardens, or sheds—and may appeal less to families with children or hobby gardeners. However, smaller lots often mean lower maintenance, which some buyers prefer. Historically, resale in this segment depends more on home condition and interior space than land size.
3. Why is the assessed value lower than the neighbourhood average?
Assessed value reflects recent market data for comparable properties. This home's value is pulled down primarily by its land area, which is significantly smaller than the neighbourhood norm (3,839 sqft average). The home itself is newer and well-sized, but the lot drags the overall assessment.
4. How does the year built compare to other homes in Winnipeg?
This home ranks in the top 4% citywide by year built, which means it's among the newest properties across all of Winnipeg. Most homes in the city date from the 1960s or earlier. That makes this a rare find for buyers who want a modern build without dealing with major renovations.
5. What should I look out for when viewing this property?
Pay attention to how the small lot interacts with the home's layout—things like driveway space, privacy from neighbours, and any shared walls if it's a semi-detached or row house style. Also check whether the newer construction has efficient heating and cooling, as 2019 builds in Manitoba can vary in insulation quality depending on the builder.