This 2018-built home offers 1,518 square feet of living space on a 2,643-square-foot lot. The assessed value is $372,000. The property ranks well above average for living area within the city (top 29%) and stands out strongly for its construction year—built in 2018, it places in the top 4% citywide, where the average home dates to 1966.
The appeal here is a newer, move-in-ready home in an older city context. You get modern construction without the premium of a brand-new neighbourhood. The lot is on the smaller side (below average at every level—street, neighbourhood, and citywide), which may suit buyers looking for lower-maintenance outdoor space or a more compact site. The assessed value is around average for the street and city, and below the neighbourhood average, suggesting reasonable value relative to the immediate area.
This property would suit buyers who prioritize a newer build and efficient interior space over a large yard. It’s a good fit for first-time homeowners, downsizers, or investors seeking a relatively low-maintenance asset in a city where most homes are decades older. The lack of a large lot may deter those wanting extensive outdoor space or room for additions.
-
How does the assessed value compare to similar homes nearby?
The assessed value of $372,000 is slightly below the street average ($376,600) and well below the neighbourhood average ($442,900). Citywide, it lands around the middle (top 46%). This may reflect the smaller lot size balancing the newer construction.
-
Is the smaller-than-average lot a drawback?
That depends on your needs. A 2,643-square-foot lot is below average for the street, neighbourhood, and city. It means less yard work and lower upkeep, but also less room for expansion, gardening, or recreation. For buyers who value indoor living space and a newer home, this trade-off is often acceptable.
-
Why is the year built so notable?
Most homes in Winnipeg (and in this neighbourhood) were built much earlier—the citywide average is 1966. A 2018 build puts this property in the top 4% citywide for newness. That typically means modern insulation, electrical, plumbing, and building codes, which can reduce immediate repair and upgrade costs.
-
What’s the neighbourhood like in terms of home ages and values?
West Kildonan Industrial has an average home built in 2021 and an average assessed value of $442,900. This property is slightly older and valued lower than the neighbourhood norm, largely due to the smaller lot. The area itself leans newer compared to most of Winnipeg.
-
Would this property be a good investment?
A newer build in a city with an old housing stock can offer better long-term durability and lower maintenance costs. However, the small lot may limit appreciation compared to properties with more land. It’s a solid choice for steady, low-hassle ownership rather than high upside speculation.