131 Phoenix Way – Property Summary
Key Characteristics & Buyer Profile
This 1,393 sqft home, built in 2018, sits on a 2,852 sqft lot in the West Kildonan Industrial area of Winnipeg. Its assessed value is $384,000.
The property’s main strength is its age. Built in 2018, it is newer than 96% of homes citywide—a significant advantage in a market where the average home was built in 1966. On the street and in the neighborhood, however, it is closer to average, meaning buyers aren’t paying a premium for rarity of build year at the local level.
The living area and assessed value are both around average for the street and neighborhood, but above average citywide. This suggests the home offers solid, modern space without being oversized or overpriced relative to its immediate surroundings. The lot is slightly smaller than the street average and well below the citywide average—worth noting for buyers who prioritize outdoor space or future expansion.
This property would suit a buyer who wants a relatively new, move-in-ready home in an established area, without paying a premium for the largest lot or highest valuation on the block. It’s a practical choice for someone who values a modern build over land size, and who is comfortable with a smaller yard typical of newer infill or compact subdivisions.
Frequently Asked Questions
1. How does this home compare to others on the same street?
It ranks around the middle for living area (top 68%) and assessed value (top 36%), and close to average for year built and land area. It is not the standout on the street, but it is competitive in value for its age.
2. Is the property’s age a major selling point?
Yes, but more so citywide than locally. Built in 2018, it is among the newest 4% of homes in Winnipeg. On Phoenix Way and in West Kildonan Industrial, newer builds are more common, so the age advantage is less pronounced at the neighborhood level.
3. Why is the lot size considered “below average” citywide?
The lot is 2,852 sqft, while the citywide average for comparable homes is 6,570 sqft. This is typical for newer infill or subdivision developments, which often prioritize efficient land use over large yards. Buyers should expect a modest outdoor space.
4. How reliable is the assessed value as a price guide?
Assessed value is a useful benchmark, but it is not the same as market price. This home’s assessment of $384,000 is slightly above the street average but below the neighborhood average—suggesting it may be reasonably priced relative to its immediate area, but local market conditions and recent sales should also be considered.
5. What type of buyer would this property not suit?
It would be less ideal for someone seeking a large lot for gardening, expansion, or privacy, or for a buyer who wants a home that stands out significantly from neighbors in terms of size or valuation. It’s a solid, middle-ground home for someone who prioritizes a modern build and reasonable value over standout features.