172 Phoenix Way – Property Summary
Key Characteristics & Buyer Profile
This 1,342 sqft home, built in 2019, sits on a 2,572 sqft lot in the West Kildonan Industrial area of Winnipeg. Its standout feature is construction age: it’s tied for the newest home on Phoenix Way (top 1% on the street) and ranks in the top 4% city-wide, where the average home was built in 1966. The living space is close to the city average, but slightly smaller than both its street and community norms. Assessed value is $345,000—below average for the street ($377,000) and well below the community average ($443,000)—which places it in the lower half city-wide. The lot is notably compact: 2,572 sqft ranks near the bottom on the street (86th percentile) and in the bottom 6% across Winnipeg.
The appeal is straightforward: a relatively modern, low-maintenance home in an older housing stock market, at a price point below local averages. It suits buyers who prioritize a newer build and lower property taxes over lot size or square footage. It’s less suited to someone wanting a large yard, a fixer-upper, or a home that matches the community’s typical living area. The home sits in a middle zone—not oversized or undersized for the city, but distinctly new for its surroundings.
Five Frequently Asked Questions
1. How does the property tax compare to similar homes nearby?
Assessed value is $345,000, which is about 9% below the street average and 22% below the community average. City-wide, it’s slightly below the median. This means annual taxes should be lower than most comparable homes in West Kildonan Industrial, though exact tax rates depend on the current mill rate.
2. Is the lot size a concern for resale?
The lot is 2,572 sqft—smaller than 86% of properties on the street and 94% city-wide. For buyers who value yard space, this could be a limitation. However, in a market where many homes date from the 1960s, a newer house on a smaller lot sometimes appeals to those seeking lower exterior maintenance. Resale will depend on whether future buyers prioritize recency or land.
3. Why is the assessed value lower than the community average when the home is newer?
Newer construction doesn’t always mean higher assessed value. The community average ($443,000) likely includes larger, older homes on bigger lots that have appreciated over time. This property’s smaller lot size and modest square footage keep its assessment below that benchmark. It’s not a sign of poor condition—just a different product type.
4. How does the living space compare to what’s typical for a 2019 build in Winnipeg?
The 1,342 sqft is right at the city average for all homes, but slightly below the street average (1,430 sqft) and the community average (1,591 sqft). For a home built in 2019, this is on the smaller side compared to newer suburban builds, which often exceed 1,500 sqft. It’s more in line with entry-level or compact family-home floor plans.
5. What’s the neighbourhood like for buyers who don’t know West Kildonan Industrial?
West Kildonan Industrial is a mixed-use area with a range of housing from older post-war homes to some newer infill. It’s not a uniform subdivision—buyers should expect a mix of property ages and styles. The street Phoenix Way itself has an average build year of 2019, suggesting recent development there. Proximity to services and commuting routes would need to be verified separately, as the data here focuses on property metrics only.