Property Summary: 39 Sagitta Street
Key Characteristics & Buyer Profile
This is a newly built home (2022) in Winnipeg’s West Kildonan Industrial area. The main selling point is its age and construction quality. It ranks in the top 1% city-wide for build year, meaning you’re getting a modern structure, likely with up-to-date insulation, mechanicals, and layout standards that older homes often lack.
The living area is 1,213 sq ft, which is generous for its street but notably smaller than the community average. The property sits on a compact 2,550 sq ft lot. This isn’t a house with a large yard or sprawling footprint. The assessed value is below both the street and community averages, reflecting the smaller size relative to older, larger homes nearby.
The appeal is straightforward: a move-in-ready, low-maintenance house in a working-class area, built to modern codes, with corresponding efficiency and reduced immediate repair risk. It would suit first-time buyers, downsizers, or investors seeking a newer asset with lower-upkeep land. Someone who values a solid, efficient home over square footage or a big garden will see the value here. It’s less suited to families needing large bedrooms or a spacious lot.
Five Possible FAQs
1. How does the property compare to other homes on the street?
On Sagitta Street, this home ranks 7th out of 24 for living area (above average) and 21st for assessed value (below average). It’s one of the newer homes on the street, tying with the street’s average build year. The lot is close to the street’s median size. Essentially, you get a modern house that’s slightly larger inside but valued lower than some older, perhaps larger-lot neighbors.
2. Is the land size a problem?
It depends on your expectations. At 2,550 sq ft, the lot is a typical size for a newer infill or townhouse-style property. It’s smaller than 94% of properties city-wide and below the community average. If you want a big yard for gardening, pets, or kids’ play equipment, this isn’t it. If you want low-maintenance outdoor space (a patio, small garden, or just entry and parking), it’s appropriate.
3. Why is the assessed value so much lower than the community average?
The community average assessed value is $443,000, while this property is assessed at $339,000. The most likely reason is the land-to-building ratio. Many homes in West Kildonan Industrial are older with larger lots (averaging 3,839 sq ft). This property has a smaller lot and a smaller total living area than the community’s average older home. The assessed value reflects the combination of a modern building and a compact site.
4. What does "ranked in the top 1% for build year" actually mean?
It means that out of nearly 200,000 properties in Winnipeg, only about 2,800 are newer than this house. It was built in 2022, while the average Winnipeg home was built in 1966. This suggests you’re buying a structure with modern windows, heating, electrical, and likely better energy performance. It also means fewer immediate maintenance concerns compared to a 60-year-old house.
5. Is this a good investment for a rental property?
Possibly, if your goal is a low-cap-ex (capital expenditure) asset. The new construction means major repairs (roof, furnace, windows) are years away. The lower purchase price relative to community averages helps with cash flow. However, the smaller lot and lack of basement (noted from the raw data’s lack of basement square footage) may limit appreciation compared to larger, more traditional homes. The target renter would likely be a small family or professional couple seeking a newer, efficient home without high rent.