24 Libra Street – Property Summary
Key Characteristics and Buyer Profile
This 1,342 sqft home, built in 2020, sits in the West Kildonan Industrial neighborhood of Winnipeg. Its strongest feature is its age—ranked in the top 3% citywide in a market where the average home was built in 1966. That means modern construction, better energy performance, and fewer immediate maintenance concerns than most properties in the city.
The assessed value is $358,000, which falls below both the street average ($377,300) and the neighborhood average ($442,900). For buyers, this suggests the property is priced conservatively relative to its immediate surroundings, though it tracks near the citywide median. The trade-off is noticeable in land area: the lot is 2,557 sqft, well below the neighborhood norm of 3,839 sqft and among the smallest citywide (top 94% smallest). Living space is average for the street but below the neighborhood average.
The appeal here is practical: a newer, move-in-ready home on a modest lot, at a price point that undercuts much of the neighborhood. This would suit first-time buyers looking for something built to current standards without paying a premium for yard space. It may also appeal to downsizers who want a low-maintenance property with modern finishes and no renovation backlog. Buyers who prioritize land size or a large garden should look elsewhere.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
It's below average. On Libra Street, the typical home is assessed around $377,000. In the wider West Kildonan Industrial area, the average climbs to $443,000. At $358,000, this property is on the lower end for both scopes, which may reflect the smaller lot or other property-specific factors.
2. Is 1,342 sqft considered small for this area?
Slightly. The street average is about 1,412 sqft, so it's close. But the neighborhood average is 1,591 sqft, which means many nearby homes offer more interior space. Citywide, it's right at the median.
3. What is the lot size, and is that unusual?
The lot is 2,557 sqft. While not unusual for Libra Street itself, it is below average for the neighborhood (3,839 sqft) and very small compared to Winnipeg as a whole (6,570 sqft citywide average). This is common in newer infill developments where land is split into smaller parcels.
4. How new is this home compared to the rest of the city?
Extremely new. Most homes in Winnipeg were built in the mid-1960s. A 2020 build puts this property in the top 3% citywide for recency. Even within the neighborhood, where the average is 2021, it's a strong contender.
5. Does a lower assessed value mean the home is a good deal?
Not necessarily—assessed value is a lagging indicator of market value and doesn't account for condition, upgrades, or recent sales. However, it does suggest the property is priced below some comparable homes in the area, which could translate into better value for a buyer who doesn't need a large lot.