119 Phoenix Way

119 Phoenix Way – Property Summary

Key Characteristics & Buyer Profile

This 2018-built home offers 1,518 square feet of living space on a 2,737-square-foot lot. Its assessed value is $389,000. The property sits slightly above the street average for both living area and assessed value, ranking in the top 17% and top 29% on Phoenix Way respectively. Citywide, the living area is well above average (top 29%), while the assessed value is near the middle. The year built is a standout feature: the home is newer than 96% of comparable homes across Winnipeg, though it is slightly older than the immediate neighbourhood average.

The appeal here is a balance of practicality and modernity. You get a newer home—avoiding many of the maintenance headaches of older Winnipeg housing stock—without paying a premium for one of the newest builds in the area. The lot is compact (bottom 8% citywide), which limits outdoor space but also reduces upkeep. This property suits buyers who prioritize a contemporary, move-in-ready interior over a large yard or a top-tier neighbourhood ranking. It’s a strong fit for first-time homeowners, downsizers, or anyone who values efficiency and low maintenance over prestige or land size.

Five Possible FAQs

1. How does this home compare to others on the street?
It’s above average for both living area and assessed value. On Phoenix Way, it ranks 13th out of 78 for square footage and 23rd out of 78 for value. That means you’re getting slightly more space than most neighbours and paying a fair market price for it.

2. Is the small lot a disadvantage?
It depends on your lifestyle. The land area is below average citywide and within the neighbourhood. If you want a large garden, driveway space, or room to expand, this lot may feel tight. But for someone who prefers a manageable yard and less outdoor maintenance, it works well.

3. Why is the assessed value only around average for the neighbourhood?
The neighbourhood average (West Kildonan Industrial) is pulled up by a range of newer and larger homes. This property’s value is in line with its slightly older build date and modest lot size, relative to the immediate area. Citywide, its assessed value is actually slightly above the median.

4. How does being built in 2018 affect insurance and upkeep?
Newer construction often qualifies for lower insurance premiums and requires fewer immediate repairs. You’re likely past the first few years of settling but still far from major system replacements (roof, furnace, etc.). That said, it’s not brand new—some warranty periods may have expired, so check specifics.

5. Who typically buys in this area?
West Kildonan Industrial attracts a mix of young families, tradespeople, and investors. It’s not a high-end prestige neighbourhood, but it offers solid value for newer homes. The compact lots and newer builds tend to appeal to buyers who want something modern without the price tag of Winnipeg’s most sought-after districts.