116 Phoenix Way – Property Summary
Key Characteristics and Buyer Profile
This 1,340 sqft home built in 2018 is a relatively new construction in an older city-wide context, but its size and lot are noticeably smaller than what’s typical on its own street and in the West Kildonan Industrial neighbourhood. The assessed value of $342,000 sits below both the street and neighbourhood averages. Citywide, the home lands near the middle for value and living area, but the land area ranks in the bottom 6%—meaning you’re buying a modern house on a compact lot.
The appeal here is less about space and more about location relative to price. You’re getting a newer build without paying a premium for a large yard or a top-tier street. This would suit a buyer who prioritizes a contemporary, low-maintenance home in a denser part of the city, and who isn’t concerned with having a big lot or keeping up with neighbours’ square footage. It could also work well for someone looking to get into a newer house at a price point that’s below many comparably aged homes in Winnipeg.
Five Possible FAQs
1. How does this property’s value compare to other homes built around the same time?
The home is newer than 96% of properties citywide, but its assessed value is below average for its neighbourhood. While the house itself is modern, the lot size and living area are both smaller than the local norm, which likely holds the value down relative to newer builds nearby.
2. Is a smaller lot a disadvantage?
It depends on your priorities. A compact lot means less yard maintenance and potentially lower utility costs. But if you’re hoping for a large garden, space for vehicles, or room for future additions, this property may feel tight. In this neighbourhood, most homes have about 50% more land, so resale appeal could be narrower.
3. What does the year built tell me about quality or upkeep?
A 2018 build means modern wiring, plumbing, insulation, and likely a more efficient heating system than most city homes. You’re less likely to face major structural or mechanical surprises soon. Keep in mind that being newer doesn’t guarantee premium materials—entry-level or production-grade finishes are common in this price range and age.
4. How does the living area compare to what I’d expect for the price?
At 1,340 sqft, the home is essentially on par with city averages but below its own street and neighbourhood. You’re getting slightly less interior space than most nearby homes, but the price reflects that. If you compare square footage to value citywide, it’s a fair trade—not a steal, not overpriced.
5. What should I look for in the neighbourhood before buying?
West Kildonan Industrial is a mixed-use area—residential homes alongside commercial and light industrial properties. The streets aren’t all uniform, so a short drive at different times of day would help. Also, because the lot is small and homes nearby are more spacious, check whether parking, privacy, and noise levels meet your expectations.