3 Ara Way – Property Summary
Key Characteristics, Appeal, and Target Buyer
This is a newly built home (2024) in the West Kildonan Industrial area of Winnipeg, with 1,838 sq. ft. of living space on a 4,716 sq. ft. lot. Its assessed value is $505,000.
The property stands out most for its age. It is one of the newest homes on its street and in the neighborhood—ranked in the top 1% citywide for year built. This means modern construction standards, likely better insulation and systems, and less immediate maintenance compared to most Winnipeg homes, which average a 1966 build year. The living area is above average locally and citywide, giving it a roomier feel than many comparable properties in the area. While the lot is generous for the street and neighborhood, it is around average for the city as a whole, which is typical for newer infill developments. The assessed value is higher than neighborhood and city medians, reflecting its size and newness, though it sits slightly below the average on its own street.
The primary appeal is a move-in-ready, modern home in an established neighborhood where older homes dominate. It suits a buyer who wants a newer, efficient house without moving to a far-out suburb. This might be a family looking for more space than typical starter homes, or someone downsizing from a larger older home but wanting single-level practicality. Because the lot is not oversized, it will also appeal to those who prefer a manageable yard rather than extensive outdoor upkeep. The street itself is average in terms of home size and value, so the property does not stand out dramatically from immediate neighbors, which can appeal to buyers seeking consistency rather than being the most expensive house on the block.
Five Possible FAQs
1. How does the property’s assessed value compare to similar homes in the area?
The assessed value of $505,000 is slightly below the street average of $509,800, but well above the neighborhood average of $442,900 and the citywide median for comparable homes of $390,100. This places it in the top 20% of citywide assessed values.
2. Is this a single-family home, and what is the general layout?
The summary does not specify the number of bedrooms or bathrooms, but the description suggests a single-family detached home given the lot size and living area. For exact layout and room count, you would need to consult the full listing or floor plan.
3. How does the lot size compare to other homes in Winnipeg?
At 4,716 sq. ft., the lot is larger than most on its street and in the neighborhood, but it falls slightly below the citywide average lot size of 6,570 sq. ft. for comparable homes. This is common for newer construction in established neighborhoods, where lots are often subdivided.
4. What is the neighborhood like in terms of home ages and character?
West Kildonan Industrial is an older area, with the average home built around 2021, meaning most homes are not new. The property at 3 Ara Way is one of the newest in the entire neighborhood (ranked 3 out of 664). The street itself has homes of similar age, but the broader neighborhood has a mix of older and newer infill houses.
5. Why is the property ranked differently on the street versus citywide for lot size?
The lot is ranked 2nd out of 15 on the street (top 13%), meaning it is one of the largest there. Citywide, it ranks around average (top 62%) because many other homes—especially older ones or those in newer subdivisions—sit on larger lots. Rankings compare within each specific group of similar properties.