27 Ara Way – Property Summary
Key Characteristics & Buyer Profile
This is a newly built home (2024) in Winnipeg’s West Kildonan Industrial area, offering 1,973 square feet of living space on a 4,028-square-foot lot. Its assessed value sits at $523,000.
Where this property stands out is size and age. It’s the largest home on its street (top 7%), and comfortably above average for both the neighbourhood and city-wide. The year built puts it in elite company—ranked #3 out of 664 homes in the area, and #128 out of nearly 200,000 city-wide. In a market where the average Winnipeg home was built in 1966, this is genuinely new.
What’s less obvious is the trade-off in land. The lot is 4,028 square feet—slightly below the street average and well under the city-wide norm of 6,570 square feet. So you’re getting more house, but on a smaller piece of ground. That’s typical for newer infill builds, and it means less yard maintenance, but also less outdoor space for expansion or gardening.
The assessed value is roughly in line with the street average ($509.8k), but well above the neighbourhood and city averages. That reflects the premium for new construction and larger square footage, not necessarily land value.
Who it suits: Buyers who prioritize modern finishes, energy efficiency, and move-in-ready condition over a large lot. Good for someone who wants a newer home without the delays of building from scratch, or for downsizers who still want generous indoor space. Less ideal for buyers looking for a big yard or a property with mature trees and character.
Five Possible FAQs
1. How does the property’s assessed value compare to similar new builds nearby?
At $523,000, it’s slightly above the street average of $509,800, but within a tight range. The neighbourhood average for comparable homes is $442,900, so this home is priced above typical resale stock—but that’s expected for a 2024 build with nearly 2,000 square feet. It’s not overvalued for its size and age.
2. Is the smaller lot a concern for resale?
It depends on the buyer pool. Smaller lots are common in newer infill developments, and many buyers actually prefer lower maintenance. However, if the surrounding area has older homes on large lots, this property may appeal to a narrower segment. The street average lot is 4,225 sqft, so this one is only slightly below that—within normal variation.
3. What’s the neighbourhood like in terms of home ages?
West Kildonan Industrial has a mix, but the average home in the area was built in 2021. That’s unusually recent for Winnipeg. This property (2024) is newer than most but not an outlier. The wider city average of 1966 shows how much older most Winnipeg homes are—living in this area means being surrounded by relatively new construction.
4. How accurate are the rankings and “top %” figures?
They’re based on comparable homes in each scope (street, neighbourhood, city). “Comparable” means similar property types, not every single house. The rankings give a useful relative sense—for example, this home is in the top 1% city-wide for year built—but they’re not a formal appraisal. Use them as a gauge, not a guarantee.
5. What’s not included in the summary that a buyer should check?
The data covers living area, lot size, year built, and assessed value. It doesn’t include condition, layout, finishes, mechanical systems, or any recent renovations (though it’s new, so less of a concern). A buyer should also verify zoning, property taxes, and whether there’s a homeowners’ association or any easements. The map-based comparison tool linked on the property page is worth opening—it lets you see how this house lines up against specific neighbours, not just averages.