112 Phoenix Way – Property Summary
Key Characteristics & Buyer Profile
This 1,340 sqft home, built in 2018, sits on a 2,680 sqft lot in Winnipeg’s West Kildonan Industrial area. Its assessed value is $346,000.
The property’s strongest feature is its age. Built in 2018, it ranks in the top 4% citywide for newer construction. That puts it far ahead of Winnipeg’s average home, which dates to 1966. On the street and in the neighbourhood, however, newer homes are more common, so the age advantage is most noticeable when compared broadly across the city.
Living area and assessed value are below the street and neighbourhood averages but around the city median. The lot size is small—below average at every scope, ranking in the bottom 7% citywide. This is a compact property, both in terms of indoor space and land.
Where the appeal lies: The home offers a relatively new build without the premium often attached to larger or more recently developed pockets of the city. Buyers who prioritize a modern structure, lower maintenance expectations, and energy efficiency over square footage or yard space will find value here. It’s also priced below the neighbourhood average, which may indicate room for negotiation or a more accessible entry point into an area where newer homes typically cost more.
Who it suits: First-time buyers who want a newer home but are flexible on size. Downsizers looking to trade an older, larger house for something more efficient. Investors targeting a recently built rental property in a mid-range price bracket. It’s less suited for families needing substantial indoor or outdoor space, or buyers who prioritize a large lot for gardening, garages, or future additions.
Five Frequently Asked Questions
1. How does this home compare to others on Phoenix Way specifically?
On its own street, this home is smaller, on a tighter lot, and assessed at a lower value than most of its neighbours. The average home on Phoenix Way has about 1,430 sqft of living space and a 3,048 sqft lot, with an assessed value of $376,600. So this property is slightly below the street’s baseline in all three categories.
2. What does “top 4% citywide” for year built actually mean in practical terms?
It means only about 8,400 homes out of nearly 200,000 in Winnipeg are newer than this one. Practically, you’re getting a house that’s less than a decade old, which typically means modern insulation, wiring, plumbing, and building codes. It also means you’re likely to face fewer immediate renovation needs than you would in a home from the 1960s or earlier.
3. The lot size is small—what are the trade-offs?
The 2,680 sqft lot means less yard maintenance, less snow clearing, and a more compact footprint. On the downside, you have limited outdoor living space, less privacy from neighbours, and almost no room for expansions, a large garage, or a significant garden. It’s a good fit for someone who values low upkeep over outdoor amenity.
4. Should I be concerned that the assessed value is below the neighbourhood average?
Not necessarily. The neighbourhood average of $442,900 likely includes larger homes, some with bigger lots, and possibly properties in more desirable pockets. A below-average assessment here reflects the home’s smaller size and lot, not a red flag about condition or location. It may also mean lower property taxes compared to nearby homes of the same age but larger footprint.
5. Where can I see how this property fits into the surrounding area?
You can use the neighbourhood analysis map, which shows this property alongside nearby homes and compares them by year built, living area, assessed value, and lot size. That gives a clearer picture of how this house sits relative to the block and the broader neighbourhood—not just averages, but individual properties.