27 Libra Street

27 Libra Street – Property Summary

Key Characteristics & Buyer Profile

This is a newly built home (2021) on Libra Street in Winnipeg’s West Kildonan Industrial area. At 1,507 square feet of living space, it sits slightly above the street average and comfortably above the citywide median. The assessed value of $382,000 is in line with others on the street but notably below the broader neighbourhood average of $442,900—meaning you’re paying closer to the street level than the area’s higher-end properties. The land is 2,869 square feet, which is generous for its immediate street (ranked 3rd out of 46) but small by city standards, reflecting the newer, more compact infill style of development.

Where this property stands out is its age. It’s the newest home on its street and among the newest 2% citywide. That matters if you value modern construction standards, lower immediate maintenance, and energy efficiency. The trade-off is a smaller lot than you’d typically find in older Winnipeg neighbourhoods.

This home would suit a buyer who wants a move-in-ready house in a decently central location, without paying a premium for the neighbourhood’s top-tier properties. It’s less ideal for someone seeking a large yard or a quiet, established street with mature trees. The neighbourhood itself is industrial-adjacent, so it’s practical rather than picturesque—fine for someone who sees a house as a base, not a retreat.

Five Possible FAQs

1. How does this home compare to others nearby in terms of value?
The assessed value is $382,000, which is slightly above the street average of $377,300 but well below the neighbourhood average of $442,900. That suggests the immediate street is more affordable than the broader West Kildonan Industrial area, so you’re not paying for the neighbourhood’s higher-end outliers.

2. Is the lot size a concern for a family home?
At 2,869 square feet, it’s a good size for the street (top 7%) but small for Winnipeg overall (bottom 9% citywide). If you want a traditional large backyard for gardens or playsets, this isn’t it. For a couple or small family who values indoor space over outdoor, it’s fine.

3. Why is the assessed value lower than the neighbourhood average?
The neighbourhood includes older homes on larger lots, which can have higher assessed values. This home is newer but on a smaller piece of land, and the street itself tends to have more modest values. The assessment reflects a balance of age, size, and location.

4. What does "Top 2% citywide for year built" actually mean practically?
It means the home was built in 2021, while the citywide average home was built in 1966. Practically, you’re getting modern insulation, wiring, plumbing, and likely fewer surprise repairs in the first decade. The trade-off is a less established neighbourhood feel and smaller lot.

5. Is the West Kildonan Industrial area going to change in the next few years?
It’s an area zoned for a mix of industrial and residential, so don’t expect a quiet suburban transformation. That said, newer infill homes like this one suggest gradual densification. It’s a practical location for commuters but unlikely to become a sought-after residential enclave.