Key Characteristics & Buyer Profile
This is a recently built home from 2019, which puts it in an elite tier citywide—newer than 96% of properties in Winnipeg. The living space is 1,327 square feet, which lands right around the city average, slightly below the neighborhood norm of 1,591 square feet. The lot is small at 2,030 square feet, ranking in the bottom 1% citywide. The assessed value of $321,000 is notably below both the street and neighborhood averages, though it sits close to the citywide median.
The main appeal here is the age of the home. You get a structure that’s only a few years old, with modern building standards, finishes, and efficiency, without the premium price tag that often comes with newer builds in denser or more established areas. The trade-off is clear: the lot is compact and the home is modestly sized compared to what’s typical nearby. This property suits a buyer who prioritizes a low-maintenance, move-in-ready home over square footage or outdoor space. It’s a practical fit for someone who wants something current and efficient, and is less concerned with having a large yard or a home that stands out in terms of size on the street.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
The neighborhood average ($442,900) is pulled up by a mix of older, larger homes and newer infill projects on bigger lots. This property’s smaller lot size and more modest square footage bring its assessed value down, even though the home itself is newer. The citywide comparison shows it’s actually quite close to the typical assessed value across Winnipeg.
2. Is a 2,030-square-foot lot unusually small?
Yes, by Winnipeg standards it is. The citywide average lot size is over three times larger. Even within this specific neighborhood, lots average nearly double the size. This is a key consideration if you’re used to or hoping for a traditional yard. The upside is less upkeep.
3. How does the living space compare to other homes built around the same time?
This home is slightly smaller than the average newer build in the area. Many comparable homes on the street and in the neighborhood are closer to 1,400–1,600 square feet. However, citywide, 1,327 square feet is right in the middle of the pack for homes of any age.
4. What does “Top 4% citywide” for year built actually mean in practical terms?
It means the vast majority of homes in Winnipeg were built before this one—most before 1980. In practical terms, you’re unlikely to face major system replacements (roof, furnace, windows) for many years, and the home likely meets current energy codes and building standards. It’s a different ownership experience than buying a 50-year-old house.
5. Does the small lot affect resale value compared to similar homes on larger lots?
It can. In neighborhoods where larger lots are the norm, a small lot may limit appreciation compared to properties with more land. However, the newer construction and lower entry price can offset that, especially for buyers who see the smaller lot as a feature rather than a drawback. The resale market will likely be strongest with other buyers looking for a low-maintenance, modern home.