35 Ara Way – Property Overview
Key Characteristics & Buyer Profile
This is a newly built home (2024) with 1,836 square feet of living space on a 4,968-square-foot lot. What stands out is how consistently it ranks well above average across multiple metrics—not just in one category.
Where the appeal lies: The living area is sizable, but the real story is in the assessed value ($541K) and the lot size. On its own street, it ranks second in value and first in land area—meaning it’s both a larger and more valuable property than most of its immediate neighbours. Citywide, it’s in the top 16% for living space and top 14% for assessed value. The year built (2024) places it among the newest homes in the entire city, which is rare for Winnipeg given the average home there was built in 1966.
A less obvious angle: the land area is only average citywide (top 57%), but within the West Kildonan Industrial neighbourhood it’s well above average (top 17%). This suggests the home is on a generous lot for its immediate area, which could matter for outdoor space, future additions, or simply privacy relative to nearby homes.
Who it suits: Buyers who want a newer, low-maintenance home with above-average space, in a neighbourhood where it stands out on its street. It would work well for someone who values being near the top of the local market without going into the most expensive tier citywide. Also suitable for those who prioritize a newer build over a historic character home—this is a property that doesn’t compromise on modern finishes and construction.
Frequently Asked Questions
1. How does the assessed value compare to similar new builds in Winnipeg?
The assessed value of $541K is in the top 14% citywide. For context, the citywide average for comparable homes is $390K. On its own street, it’s second out of 15 homes, so it’s priced well above the median for its immediate area—but in line with its larger living area and newer construction.
2. Is the lot size considered large for the neighbourhood?
Yes. The lot is 4,968 sqft, ranking first on the street and top 17% in the neighbourhood. However, citywide it’s only average (top 57%), meaning lots in older parts of Winnipeg are often larger. For this specific area, it’s a generous lot.
3. How does the living area compare to other homes on the same street?
It’s slightly above average. The street average is 1,741 sqft, and this home is 1,836 sqft—ranking 7th out of 15. So it’s not the largest on the street, but it’s above the midpoint.
4. What does “year built 2024” mean for maintenance and warranty?
The home is brand new. Most new builds in Manitoba come with a limited warranty through the New Home Warranty Program (typically covering structural defects for longer, and materials/workmanship for a shorter term). Buyers should confirm the specific warranty details with the builder or seller, but generally, a 2024 build means minimal immediate repair costs.
5. How does this property rank in terms of value compared to others in West Kildonan Industrial?
It’s in the top 13% for assessed value in the neighbourhood, with the neighbourhood average being $442.9K. So it’s a high-value home locally, but not the absolute highest. The combination of a newer build and larger living area makes it a strong contender for someone wanting a premium home without the top-tier price tag in the area.