171 Phoenix Way

171 Phoenix Way – Property Overview

Key Characteristics & Buyer Profile

This 2019-built home offers 1,400 square feet of living space on a 2,738-square-foot lot, with an assessed value of $367,000. Its standout feature is the year built: it ranks #1 on its street (top 1%) and #6,832 citywide (top 4%), putting it among the newest homes in a city where the average home was built in 1966. The living area is slightly smaller than the neighborhood average but slightly larger than the citywide average, placing it in the top 36% across Winnipeg. The assessed value is below average for both the street and neighborhood but around average citywide, which may reflect a more modest finish level or a smaller lot relative to nearby homes.

The appeal lies in the combination of a very new build with a manageable footprint—no excessive space to heat or maintain—and a land area that, while below the citywide average, is typical for the immediate street (top 50%). This is not a home with a large yard or a premium interior, but it offers a low-maintenance, modern start in an established area.

This property suits buyers who prioritize a newer home with fewer immediate repair or update needs over maximum square footage or lot size. First-time homeowners, empty nesters downsizing from older houses, or investors seeking a turnkey rental with low deferred maintenance would find it practical. It is less suited for families wanting a large yard or extensive living space, or for those seeking a high-value flip opportunity based on assessed value alone.

Frequently Asked Questions

1. How does the assessed value compare to similar homes, and what does that mean for property taxes?
The assessed value of $367,000 is below the street average ($376,600) and well below the neighborhood average ($442,900), but roughly in line with the citywide average ($390,100). Property taxes are calculated based on this assessed value, so you can expect taxes to be slightly lower than many newer homes in the West Kildonan Industrial area, though not unusually low for Winnipeg overall.

2. The land area is relatively small—what impact does that have on use or resale?
At 2,738 square feet, the lot is typical for Phoenix Way but smaller than most citywide. This means less yard maintenance and possibly less privacy from neighbors, but it can also limit future additions like a large garage or garden suite. For resale, a smaller lot often appeals to buyers who want a newer home with minimal outdoor upkeep, but it may deter those seeking space for children, pets, or gardening.

3. Why is the year built so much newer than the neighborhood average, and does that matter long-term?
The home was built in 2019, while the neighborhood average is 2021—close, but the street and citywide averages are much older. This means you are buying into an area where most homes require more maintenance and may have older systems (plumbing, electrical, insulation). Being the newest house on the street offers immediate peace of mind, but long-term, the property’s value will depend more on how the area ages than on its own construction year.

4. How does the living area compare to other homes of the same era in Winnipeg?
Citywide, the average living area for comparable homes is 1,342 square feet, so this home is slightly above that. However, within West Kildonan Industrial, the average is 1,591 square feet, meaning this home is smaller than many of its immediate neighbors. If you are looking for a newer, efficient floor plan rather than a large one, this fits well; if you anticipate needing extra rooms or open space, you may find it tight.

5. Is this property considered a good value for a new build, or is it overpriced?
The assessed value suggests it is priced around the city median for comparable homes, and its ranking at the top 48% citywide supports that. It is not a bargain based on assessed value alone, but the combination of a 2019 build, average living space, and a modest lot means you are paying primarily for the home’s age and condition rather than land or size. For buyers who value a move-in-ready home with fewer unknowns, it represents fair value; for those looking for upside through renovation or land appreciation, it offers less opportunity.