187 Phoenix Way – Property Summary
Key Characteristics & Buyer Profile
This 2018-built home offers 1,390 sq ft of living space on a 2,738 sq ft lot. Its assessed value is $367,000. Across all four metrics—size, value, age, and land—the property sits close to or below the averages for its street and neighbourhood (West Kildonan Industrial), but stands out sharply when compared to the city of Winnipeg as a whole.
The strongest selling point is the build year. While the house is only slightly newer than the average on its street and notably older than the newer builds common in the neighbourhood, it ranks in the top 4% citywide. In a market where the average Winnipeg home was built in 1966, a 2018 home is genuinely uncommon. The living area (1,390 sq ft) is right around the city average and slightly below the neighbourhood average, which means the space is functional but not oversized. The land is small by any standard—in the bottom 8% citywide—so outdoor space is limited.
Where this property’s appeal lies is in its relative newness compared to most Winnipeg homes, without the premium price tag of a newer neighbourhood. The assessed value is below both the street and neighbourhood averages, which may translate to lower property taxes than comparable newer homes nearby. This makes it a practical option for a buyer who wants a modern build but doesn't need a large yard or a top-tier location within the neighbourhood. It would suit first-time buyers, downsizers, or anyone prioritizing a low-maintenance, energy-efficient home over land or prestige.
Frequently Asked Questions
1. How does this home compare to others on Phoenix Way?
It's fairly average for the street. Living area and build year are close to the street averages. The assessed value is slightly below the street average (ranking 58th out of 78), and land size is about mid-range. It's not a standout on the street itself, but it's consistent with what's typical there.
2. Why is the land size so small compared to the city average?
Winnipeg has a large number of older homes with generous lots, which pulls the citywide average up significantly. This property's lot is 2,738 sq ft, which is typical for many newer infill or compact developments. It's not unusual for the street or neighbourhood, but it's small by citywide standards.
3. What does the assessed value tell me about this property?
The assessed value of $367,000 is below the neighbourhood average ($443,000) and below the city average ($390,000). For a 2018 home, this suggests the property is priced conservatively relative to newer stock in the area. Keep in mind that assessed value is not the same as market price, but it does give a baseline for property tax calculations.
4. Is this a good choice if I want a newer home without paying a premium?
Yes, that's arguably the main strength here. The home is significantly newer than the vast majority of Winnipeg homes (top 4%), yet its assessed value is below average for the city. You're getting a relatively modern build without the higher tax or price tag often associated with newer developments in more central or upscale areas.
5. Should I be concerned that the home is older than others in the neighbourhood?
The neighbourhood has a high concentration of very new builds (average 2021), so this home is slightly older than those nearby. However, 2018 is still very recent in absolute terms, and the home is newer than most of Winnipeg. The concern would only be relevant if you're comparing strictly within the immediate neighbourhood and value the very newest construction.