16 Libra Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,327 sqft home built in 2020, sitting on a 2,557 sqft lot in Winnipeg’s West Kildonan Industrial area. The assessed value is $371,000.
What stands out most is the year built. Citywide, this home ranks in the top 3% for newness—most comparable Winnipeg homes were built in 1966. In practical terms, that means modern construction standards, better energy efficiency, and less immediate need for major updates. The living area and assessed value are both roughly average compared to the rest of Winnipeg, but the lot is notably small: it ranks in the bottom 6% citywide for size.
The appeal here is straightforward. You get a new home without paying a premium for an oversized yard or a prime street. On Libra Street itself, the value sits around average relative to neighbours, and the living area is slightly below the street’s average. In the broader West Kildonan Industrial neighbourhood, both the lot size and assessed value trend lower than typical.
This property would suit a buyer who prioritizes a newer build—someone who wants low-maintenance living, doesn’t need a large lot for gardening or expansion, and is comfortable with a home that fits squarely within mid-range city benchmarks. It’s less suited to someone seeking character, large outdoor space, or top-tier resale value relative to immediate neighbours.
Frequently Asked Questions
1. How does the living space compare to typical homes in the area?
It’s below average for both Libra Street and the West Kildonan Industrial neighbourhood, but right around the citywide average for comparable homes. You gain newness but lose some square footage compared to older nearby houses.
2. Is the assessed value a good reflection of market price?
The assessed value of $371,000 is close to the Libra Street average ($377k) and slightly below the citywide average ($390k). It’s significantly lower than the neighbourhood average ($443k), which suggests homes in West Kildonan Industrial overall carry higher values—likely due to larger lots or older, established properties.
3. Why is the lot size ranked so low citywide?
At 2,557 sqft, the lot is small even by Winnipeg standards, where the average comparable lot is nearly 6,600 sqft. This is typical for newer infill builds in denser areas. If you’re used to a big backyard, this property will feel compact.
4. What does “Top 3% for year built” really mean in practice?
Only about 5,500 other homes citywide are as new or newer out of nearly 200,000. That means the home has modern insulation, wiring, plumbing, and likely fewer immediate repair needs. It also means the style and layout reflect current trends rather than older floor plans.
5. Should I be concerned that the property ranks “below average” on its street and neighbourhood?
Not necessarily. “Below average” here refers to living area and lot size relative to nearby homes—not to quality or condition. For someone who values a newer build, this trade-off is intentional. The rankings simply show you’re getting less square footage and land than most neighbours, which also keeps the price more accessible.