39 Libra Street – Property Summary
Key Characteristics & Buyer Profile
This 1,400 sqft home, built in 2020, sits on a 2,868 sqft lot in the West Kildonan Industrial area of Winnipeg. Its main draw is the building’s age: constructed in 2020, it ranks in the top 3% city-wide for newness, compared to a city average build year of 1966. This means modern construction standards, likely better insulation, and updated systems without the immediate maintenance concerns of an older home. The living space is close to the average for its street and neighbourhood, while the lot size is slightly larger than others on Libra Street but smaller than typical for the city. The assessed value of $373,000 is below both the neighbourhood and city averages, suggesting it may offer good value relative to other newer builds nearby.
The property would suit buyers who prioritize a newer, move-in-ready home over a large yard. It’s a practical choice for first-time homeowners or small families who want a low-maintenance property and don’t need extensive outdoor space. Because the lot is compact and the house is recent, ongoing upkeep costs for roofing, plumbing, and mechanicals should be minimal for years. The location within West Kildonan Industrial is worth noting—this is not a central, walkable neighbourhood, so a car will be essential. Buyers should consider whether the trade-off of a smaller city lot for a much newer home aligns with their lifestyle.
Frequently Asked Questions
1. How does this property compare to others on Libra Street?
It’s a middle-of-the-road option on the street. The living area and build year are almost exactly average, while the lot is slightly larger than most neighbours’. The assessed value is also close to the street average, so it isn’t an outlier in terms of pricing or size within its immediate area.
2. Is the land size a concern?
It depends on your expectations. At 2,868 sqft, the lot is bigger than many others on the street but well below the Winnipeg average of 6,570 sqft. If you want a large garden, room for extensions, or a deep backyard, this won’t suit you. If you prefer a manageable yard with less upkeep, it’s fine.
3. Why is the assessed value lower than the neighbourhood average?
The neighbourhood average assessed value is $443,000, while this property is assessed at $373,000. This suggests the home is priced more modestly than many in West Kildonan Industrial, possibly due to the smaller lot size or the specific micro-location within the area. For a buyer, this could mean lower property taxes compared to other nearby newer homes.
4. What are the main advantages of a 2020 build?
Beyond aesthetics, a home built in 2020 should have modern energy standards, up-to-date electrical and plumbing, and fewer immediate repair needs. In a city where the average home was built in 1966, this significantly reduces the likelihood of major unexpected work like foundation issues or old wiring—common concerns with older Winnipeg houses.
5. Is this a good investment property?
Possibly, but with caveats. The newer construction means lower maintenance costs, which is attractive for a landlord. However, the smaller lot limits future development potential, and the assessed value suggests the neighbourhood isn’t currently appreciating rapidly. It would likely work best as a stable, low-hassle rental rather than a high-growth speculative buy.