168 Phoenix Way – Property Summary
Key Characteristics & Buyer Profile
This is a 1,342 sqft home built in 2019 on a 2,572 sqft lot. The most striking feature is the construction year—it ranks #1 on its street (top 1%) and top 4% citywide, meaning you’d be hard-pressed to find a newer home on Phoenix Way. The assessed value sits at $371k, which is around average for the street and city, but notably below the neighbourhood average of $442.9k. The lot size is where this property is weakest: it ranks in the bottom 14% on its street and bottom 6% citywide, so outdoor space is compact.
The appeal here is straightforward for someone who values modern construction over land. A 2019 build means fewer immediate maintenance concerns, better energy efficiency, and contemporary finishes. It suits buyers who want a relatively new, move-in-ready home without paying a premium for a large yard—likely first-time homeowners, downsizers, or investors looking for a low-upkeep rental. The neighbourhood (West Kildonan Industrial) is mixed, and this property’s value sits below much of the area’s stock, which could mean room for gradual appreciation or simply a more affordable entry point in a zone where many homes are newer and pricier.
One less obvious takeaway: the property’s living area (1,342 sqft) is actually the same as the citywide average for comparable homes, but below the street and neighbourhood averages. So you’re getting a house that’s typical for Winnipeg as a whole, but smaller than its immediate neighbours. That could be a plus if you prefer less square footage to clean and heat, but it also means the resale pool might lean toward buyers who aren’t prioritizing space.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
It’s actually below the neighbourhood average of $442.9k by about $72k, and slightly below the street average of $376.6k. Citywide, it’s right around the median. So you’re paying less than many comparable properties in West Kildonan Industrial.
2. Is the small lot a major downside?
It depends on your lifestyle. The 2,572 sqft lot ranks low on the street and citywide, so if you want gardening space, a big shed, or room for kids to run, this isn’t it. But for someone who values low yard maintenance—or wants a home with a compact footprint in a newer build—it could be a deliberate choice.
3. What’s the neighbourhood like for a 2019 home?
The street itself has the newest average build year in the area (tied with others at 2019). The broader neighbourhood averages 2021, so there are many newer homes nearby. That said, the neighbourhood skews industrial in name but includes residential pockets—worth checking the immediate block for noise or traffic.
4. How does this property rank for living space citywide?
It sits around the 39th percentile, meaning it’s average for Winnipeg. It’s not cramped, but not generous either. If you’re comparing to other 1,300–1,400 sqft homes, it’s very typical.
5. Could this be a good investment property?
Possibly, given its below-neighbourhood assessed value and modern construction. Low lot size limits future expansion potential, but reduced maintenance costs and a newer build could appeal to renters. That said, the neighbourhood’s industrial character might not suit everyone—location matters more than the numbers here.