13 Lynx Street – Property Summary
Key Characteristics & Buyer Profile
This is a newly built home (2023) that stands out for its age rather than its size. While its 1,327 sq ft of living space is close to the street and city averages, it falls well short of the typical home in the wider West Kildonan Industrial area, where the average is 1,591 sq ft. The lot is notably compact at 1,912 sq ft—ranking near the bottom city-wide—which means outdoor space is limited and maintenance is minimal. The assessed value of $342,000 is below both the neighbourhood and city medians, partly reflecting the smaller footprint.
The property’s main appeal is its newness and lower relative cost. It would suit a buyer who prioritizes a modern, move-in-ready structure over square footage or a large yard. This could be a first-time homeowner, someone downsizing from an older, larger house, or an investor looking for a low-upkeep rental. The below-average price point in a reasonably accessible city location also makes it worth considering for buyers priced out of the newer builds closer to the city centre.
Five Possible FAQs
1. How does the property’s size compare to other homes on the street?
It’s very close to the street average—1,327 sq ft versus 1,341 sq ft—and ranks 9th out of 16 homes. So it’s a typical size for Lynx Street, not unusually small or large.
2. Is the property overpriced relative to its size?
The assessed value ($342,000) is below the street average ($363,000) and well below the neighbourhood average ($443,000). Given the construction is brand new, the price looks reasonable for the area, though the small lot means you’re paying for a newer build, not land.
3. Why is the land area so small compared to other homes in Winnipeg?
The lot is 1,912 sq ft, which places it in the bottom 1% city-wide. This is a deliberate trade-off for a newer, more compact development. If you’re used to older Winnipeg homes with standard yards, you’ll notice the difference—this is more of a townhouse-sized lot.
4. How does the building’s age affect long-term costs?
Since it was built in 2023, you’re unlikely to face major repairs for years—roof, HVAC, windows are all new. This can offset the smaller interior space, as maintenance costs should be low for the first decade. Insurance premiums may also be slightly lower for a newer build.
5. Who would this property not suit?
It wouldn’t suit buyers who want a large garden, room for a workshop or shed, or a home that can be expanded later (the lot is tight). Also, if you’re comparing it to older homes in West Kildonan with bigger living areas, you’ll get less interior space for the money—but you’ll get a much newer structure.