15 Ara Way – Property Summary
Key Characteristics & Buyer Profile
This 2023-built home on Ara Way offers 1,880 square feet of living space on a 4,028-square-foot lot. The assessed value sits at $539,000. What stands out most is the combination of above-average living area and assessed value across every comparator level—street, neighbourhood, and citywide. The home ranks in the top 14–15% citywide for both size and value, which signals it’s a stronger asset relative to the broader Winnipeg market.
A less obvious point: the year built is “below average” on its own street (ranked 13th out of 15), because most homes on Ara Way were built in 2024. That means this property is among the slightly older homes in a very new development—not old by any standard, but not the freshest on the block. The lot size is average for the street and neighbourhood, but noticeably smaller than the citywide median of 6,570 square feet, which is typical for newer infill or compact subdivisions in Winnipeg.
This property suits buyers who want a newish home with generous interior space and solid assessed value, without paying a premium for the very newest build or a large yard. It’s practical for families or professionals who prioritise square footage and resale strength over land size or being the newest house on the street.
Five Possible FAQs
1. How does this home compare to others on Ara Way?
It’s above average in living area (ranked 4th out of 15) and assessed value (3rd out of 15). The lot size is around average, and the year built is slightly below the street average—most neighbours built in 2024, while this one was built in 2023.
2. Is the land area a concern?
The lot is 4,028 square feet, which is typical for the street and neighbourhood. It’s smaller than the Winnipeg average, but that’s common for newer subdivisions where homes are built closer together. If you’re looking for a large yard, this isn’t it—but if you want a manageable lot with a spacious house, it fits.
3. Why is the assessed value higher than the neighbourhood average?
The home is newer than many in West Kildonan Industrial (where average year built is 2021), and its living area is above the neighbourhood norm. Higher square footage and a recent build tend to push assessed value up, which is reflected here.
4. What does “Top 1% citywide for year built” mean exactly?
Out of nearly 200,000 comparable homes in Winnipeg, only about 1% are newer than 2023. That puts this property among the newest homes in the entire city. Even though it’s not the newest on its own street, it’s still very new by any citywide measure.
5. Is this a good investment?
The data suggests the home holds above-average value relative to its street, neighbourhood, and city. Properties that rank well across all three scopes—especially for living area and assessed value—tend to maintain their position better over time. That said, a smaller lot in a dense new development can be a limiting factor if land appreciation is a key goal.