3 Libra Street – Property Summary
Key Characteristics & Buyer Profile
This is a 2020-built home with 1,553 sq ft of living space and a 3,496 sq ft lot. Within its immediate street, it ranks first for both living area and lot size—meaning it’s the largest and most spacious property on Libra Street by a clear margin. The assessed value of $396,000 places it above the street average, though slightly below the broader community average in West Kildonan Industrial.
The property’s main appeal lies in its relative newness and generous proportions. It was built in 2020, which puts it in the top 3% citywide for construction year—a rarity in a market where the average home dates to 1966. The living area is also well above the city average by about 200 sq ft, and the lot, while modest by Winnipeg standards, is among the largest on its street.
This home would suit buyers who value a newer, move-in-ready house in a quieter street setting, and who prioritize interior space over a large yard. It’s less ideal for someone looking for a deep lot or a property in a more established, higher-value pocket of the city. The combination of recent construction and strong street-level rankings makes it a practical choice for families or professionals who want something efficient and well-sized without paying a premium for lot area.
Five Possible FAQs
1. How does this home compare to others on Libra Street?
It’s the largest in terms of both living space and lot size, and ranks sixth for assessed value. So it’s the standout property on the street—more square footage and more land than any neighbour, with a value that reflects that.
2. Is the lot size considered small for Winnipeg?
Yes, citywide it falls in the bottom 20%. The average lot in Winnipeg is about 6,570 sq ft, so this is roughly half that. That said, it’s the largest lot on its street, and in a newer development, smaller lots are common.
3. How does the assessed value compare to the community average?
It’s slightly below the West Kildonan Industrial average of $443,000. That means you’re getting a newer, larger-than-average home for slightly less than the community norm—though the community includes a wide range of housing types.
4. Why is the citywide ranking for construction year so high?
Because most homes in Winnipeg were built well before 2000. A 2020 build places this property among the newest 3% of all homes in the city, which is unusual and appealing for buyers wanting modern construction, energy efficiency, and less upkeep.
5. Does “top of the street for living area” mean it’s a good investment?
It can be, but it depends. Being the largest home on the street can limit future appreciation if the surrounding properties are smaller and lower-valued. On the other hand, newer builds in desirable street positions often hold value well. It’s a trade-off between uniqueness and comparability.