27 Vega Street – Property Summary

Key Characteristics & Buyer Profile

This is a 2018-built home with 1,340 square feet of living space and a 2,573-square-foot lot. What stands out immediately is the assessed value: ranked 2nd out of 38 homes on Vega Street (top 5%), at $385,000. That puts it well above the street average of $354,800. It was also the newest home on the street when built, tying with the street average year of 2018. Citywide, the year built ranks in the top 4%—meaning most Winnipeg homes are significantly older (average 1966).

The living area is above average for the street (top 24%) but below average for the broader West Kildonan Industrial neighbourhood, where homes tend to be larger (1,591 sqft average). The lot is on the smaller side, especially by city standards—ranking in the bottom 6% citywide. This is a compact, efficient footprint, not a sprawling suburban lot.

The appeal here is a new-ish home in a modestly sized, well-maintained condition, situated on a street where comparable properties carry lower assessed values. That suggests either a standout finish, desirable upgrades, or simply a tighter market segment. It would suit a buyer who values a low-maintenance, relatively modern property in a central Winnipeg neighbourhood, and who is comfortable with a smaller lot. First-time buyers, downsizers, or investors looking for a move-in-ready asset with strong street-level positioning could all find it fitting. The trade-off is clear: you get a newer home with top-tier street cachet, but less land and a smaller footprint relative to the surrounding area.

Frequently Asked Questions

1. How does this home compare to others on Vega Street?
It ranks 2nd in assessed value (top 5%), 1st in year built (tied), 9th in living area (top 24%), and 13th in land area (top 34%). So it’s among the most valuable and newest on the street, with slightly more interior space than average but a typical-to-slightly-smaller lot.

2. Is the lot size a concern?
It depends on your priorities. At 2,573 square feet, the lot is below both the neighbourhood average (3,839 sqft) and the citywide average (6,570 sqft). If you want a large yard or space for additions, this isn’t it. But if you prefer less upkeep and a more urban footprint, it’s a real advantage.

3. Why is the assessed value high relative to the street but average citywide?
The street average ($354,800) is lower than the citywide average for comparable homes ($390,100). This home sits at $385,000, which is significantly above its immediate neighbours but consistent with broader city benchmarks. It suggests the street itself may be undervalued relative to the rest of Winnipeg, or that this home has specific features driving its premium.

4. How old is the neighbourhood compared to this home?
The home was built in 2018, but many surrounding homes are newer—the neighbourhood average is 2021. So while this is one of the newest homes on Vega Street, it’s actually slightly older than the typical home in West Kildonan Industrial. That’s unusual: usually street-level and neighbourhood-level ages move together. Here, a pocket of newer construction has raised the area average above this property.

5. What’s the best way to assess this property visually?
The data suggests you should look closely at the interior finishes and condition relative to neighbours. The living area is modest by neighbourhood standards, yet the assessed value leads the street. That gap often comes down to quality of materials, layout, or upgrades. A site visit and neighbourhood map comparison (available through the link on the listing) will help clarify.