124 Phoenix Way – Property Summary
Key Characteristics & Buyer Profile
This property offers a modern home built in 2019, with 1,346 sq ft of living space and a 2,573 sq ft lot. Its strongest selling point is its age: it ranks in the top 1% on its street and top 4% citywide for construction year, meaning it’s newer than the vast majority of homes in Winnipeg. That said, the living space and lot size are below average for both its immediate street and broader neighbourhood. The assessed value of $345,000 also sits below the local average, which keeps property taxes relatively low.
The appeal here is a trade-off: you get a very new home in a city where the average home was built in 1966, but you compromise on square footage and land. This would suit a buyer who prioritizes modern construction, energy efficiency, and lower maintenance over having a large house or yard. It’s a good fit for first-time buyers, downsizers, or anyone looking for a turnkey home without the typical headaches of an older property. The location in West Kildonan Industrial is more about practicality than prestige—it’s a functional, built-up area rather than a leafy residential enclave.
Five Possible FAQs
1. Why is the property’s assessed value lower than the neighbourhood average?
The home’s lot is smaller than most in the area (2,573 sq ft vs. a neighbourhood average of 3,839 sq ft), and the living space is also below the local average. These factors pull the overall assessed value down, even though the building itself is newer.
2. How does the lot size affect daily living?
You’ll have less outdoor space for gardening, play, or expansion. However, it also means less upkeep, which is a plus for buyers who don’t want a big yard or have limited time for maintenance.
3. Is this property a good investment compared to older homes in the same price range?
It depends on your goals. The newer construction may mean fewer immediate repairs and better energy efficiency. But older homes on larger lots can offer more long-term appreciation potential, especially if land values rise faster than building values.
4. How does the home compare to others in West Kildonan Industrial?
It’s newer than most (the neighbourhood average build year is 2021, so it’s close), but it’s smaller and on a smaller lot. The assessed value places it in the bottom 11% locally, meaning it’s priced below most area homes.
5. Would this property appeal to a family?
It could, for a small family. The living space is 1,346 sq ft—comfortable for a couple with one child, but tight for a larger family. The smaller yard also limits outdoor play space. Families wanting room to grow may find it undersized.