Property Overview: 233 North Point Boulevard
This 1,327 sqft home, built in 2019, sits on a 2,561 sqft lot. It was assessed for tax purposes at $328,000.
Key Characteristics: The property stands out most for its construction year. Built in 2019, it ranks in the top 4% citywide for newness, in a market where the average home was built in 1966. It is also one of the more affordable properties in its immediate area. Its assessed value places it in the bottom 8% on its street and the bottom 4% in the wider community. The living space is close to the city average (1,342 sqft) and slightly below the average for its own street. The lot is modest, typical for the street but significantly smaller than the community and city averages.
Where the Appeal Lies: The primary draw is a newer home without a premium price tag. Buyers get a recently built structure and modern systems, with an assessed value that is noticeably lower than the surrounding neighborhood (where the average assessment is $443,000). This suggests potential for value relative to comparable new builds. The smaller lot may also appeal to those who prefer lower-maintenance outdoor space.
Who It Suits: This property would best suit a buyer who prioritizes a newer, move-in-ready home over a large yard or a prime street address. It is a practical choice for someone who wants modern construction in an established area without paying the top dollar that new builds often command. It may be less attractive to buyers seeking a large lot, a high-end finish package, or a property that already sits at the top of the local market's value range.
Frequently Asked Questions
1. This home is newer but the assessed value seems low compared to the neighborhood. Is that a red flag?
Not necessarily. Assessed value is a snapshot for tax purposes and doesn't always reflect market price. A lower assessment can sometimes mean the home was conservatively valued when built or that the finishes are more standard than luxury. It could also point to an opportunity if the market decides the home is worth more than the tax assessment suggests.
2. The lot is small by city standards. How small is it practically?
At 2,561 sqft, the lot is roughly the size of a typical suburban single-car garage with a bit of yard. It's standard for the immediate street, but you won't have a large backyard or side yards. Think low-maintenance outdoor space rather than room for a garden or playset.
3. How does the living space compare to other newer homes in the city?
While the home itself is very new (2019), its 1,327 sqft is slightly below the citywide average for all homes. In newer developments, floor plans often start around this size for entry-level or mid-range models. It's a comfortable size for a couple or small family, but not spacious for those looking for larger living areas.
4. The home is in West Kildonan Industrial. Is it actually in an industrial area?
The official community name can be misleading. This property is on a residential street (North Point Boulevard) within that broader district. The area is a mix of older and newer residential pockets, not heavy industry. It's worth driving through the immediate block to confirm the character, but the street itself is residential.
5. What does the ranking data actually tell me about this home's value compared to others?
The rankings show this home is a bit of an outlier. It's newer than most homes on the street and in the city, but its value is assessed lower than most of its neighbors. This suggests the street and community have older, more established homes that are assessed higher. You're essentially buying a newer structure in an area where the market has already assigned higher values to older properties—which could work in your favor or mean the neighborhood hasn't yet caught up to the home's age.