394 North Point Boulevard – Property Summary
Key Characteristics & Buyer Profile
This is a newly built home (2023) in Winnipeg’s West Kildonan Industrial area, with 1,327 square feet of living space on a 2,142-square-foot lot. Its main appeal is the construction year: it ranks in the top 1% citywide for newness, which is unusual for this neighborhood where the average home was built in 2021 and the city average is 1966. The assessed value sits at $344,000—below the street and neighborhood averages, but right around the citywide median. The lot is small by local standards (bottom 1% citywide), and the living area is slightly below the neighborhood average but typical for the street. This property would suit a buyer who prioritizes a newer, low-maintenance home in a developing area, and who is less concerned with having a large yard or a property that stands out in terms of interior square footage. It may also appeal to someone looking for a more affordable entry point into a newer build compared to similarly aged homes in more central or established neighborhoods.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The assessed value of $344,000 is below the street average of $375,400 and well below the neighborhood average of $442,900. Citywide, it sits near the median—ranked in the top 56%—so it’s roughly in line with what you’d expect for a comparable home across Winnipeg, but lower than most homes in this immediate area.
2. Why is the lot size ranked so low, and does that matter?
The lot is 2,142 square feet, which is small for this neighborhood (top 92% means 92% of nearby lots are larger) and very small by city standards (top 99%). This is common for newer infill or compact subdivisions. It means less outdoor space and yard maintenance, but also less privacy from neighbors. Whether this is a drawback depends on your lifestyle—if you want a garden, space for kids to play, or room to expand, it may feel tight.
3. Is the living space smaller than typical for this area?
Yes, slightly. The living area is 1,327 sqft, compared to the neighborhood average of 1,591 sqft and the street average of 1,404 sqft. It’s closer to the citywide average for comparable homes (1,342 sqft). So it’s a compact home for the neighborhood, but not unusually small for the city as a whole.
4. How does being built in 2023 affect insurance or maintenance expectations?
A 2023 build typically means modern construction standards, better insulation, updated electrical and plumbing, and fewer immediate maintenance issues. It may qualify for lower home insurance premiums compared to older homes. However, being very new also means the property hasn’t been through a full seasonal cycle yet—watch for settling, warranty-covered issues, and how landscaping or drainage perform over time.
5. What does “West Kildonan Industrial” mean for the neighborhood feel?
The neighborhood classification suggests a mix of residential and light industrial or commercial uses. This can mean more traffic during work hours, less traditional suburban character, and potentially more noise. On the upside, it often means closer proximity to shopping, services, and major roads. It’s not a typical quiet cul-de-sac neighborhood, so it’s worth visiting at different times of day to see if the environment suits you.