Property Summary: 390 North Point Boulevard, Winnipeg
Key Characteristics & Buyer Profile
This is a brand-new home (built 2024) in Winnipeg’s West Kildonan Industrial area, with 1,358 sq. ft. of living space on a 3,196 sq. ft. lot. Its assessed value is $376,000.
The main draw is the construction year. It ranks in the top 1% citywide for newness, which means you’re getting modern building standards, updated systems, and likely better energy efficiency than the vast majority of homes in Winnipeg, where the average home was built in 1966. The lot size is also a standout feature relative to its immediate street—among the largest on North Point Boulevard—though it’s smaller than typical citywide lots. The living area and assessed value are around the average for the street and city.
This property would suit buyers who prioritize a move-in-ready, low-maintenance home with no immediate renovation needs. It’s a practical choice for first-time buyers who want modern finishes without the premium of a central, high-density development, or for investors looking for a newer asset with lower deferred maintenance risk. The trade-off is the neighborhood: the area ranks slightly below average for both living area and assessed value compared to wider Winnipeg, so it may appeal more to someone focused on the house itself rather than the existing prestige of the location.
Five Possible FAQs
1. How does the property's assessed value compare to similar homes nearby?
At $376,000, it’s almost exactly in line with the average for homes on North Point Boulevard ($375,400) and slightly below the citywide average for comparable homes ($390,100). It’s notably lower than the West Kildonan Industrial neighborhood average of $442,900, which suggests it’s one of the more affordable newer builds in that immediate area.
2. Is a 3,196 sq. ft. lot typical for a new build in Winnipeg?
Not for the city as a whole. Citywide, the average lot for comparable homes is 6,570 sq. ft., so this lot is about half that. However, it’s larger than the average on its own street (2,598 sq. ft.), so it’s a good-sized lot for its immediate block. The neighborhood average is 3,839 sq. ft., meaning this sits slightly below the local norm.
3. Why is the lot size ranked 'elite' on the street but 'below average' citywide?
This reflects how the property performs against different peer groups. On North Point Boulevard, most nearby lots are smaller, so this lot stands out. But Winnipeg has many older homes with very large lots (often 5,000+ sq. ft.), so citywide, a 3,196 sq. ft. lot falls well below the median. It’s not unusual for newer infill homes in older neighborhoods to have this pattern.
4. What does the 'top 1%' ranking for construction year actually mean in practice?
It means this home is among the newest 1% of all comparable properties in Winnipeg. For context, the citywide average construction year is 1966, so most homes are 50–60 years old. This one was built in 2024. That likely means modern electrical, plumbing, insulation, and windows, plus a newer roof and foundation—things that save money on insurance and utilities, and reduce the need for immediate repairs.
5. Is West Kildonan Industrial a residential area, or is it mixed-use?
The neighborhood name includes "Industrial," but this property is on North Point Boulevard. The rankings show it’s compared against other residential properties in that area. The "Below Average" ranking for living area and assessed value within the neighborhood suggests homes there vary widely—some may be older or larger. It’s worth checking the specific street context, but the data implies residential zoning with a mix of property ages and sizes in the vicinity.