402 North Point Boulevard

Key Characteristics & Appeal

This is a 2023-built home with 1,358 sq ft of living space on a 2,586 sq ft lot. Its standout feature is the construction year: it ranks in the top 1% citywide for newness, far ahead of Winnipeg’s average build year of 1966. Locally, it’s also newer than most of its street and neighbourhood. The assessed value sits at $353,000, which is slightly below the street average and notably below the neighbourhood average. The living space is close to the city average but smaller than the local community average, while the lot size is on the smaller side—typical for newer infill and developments.

The appeal here is for buyers who value modern construction—better energy efficiency, lower immediate maintenance, and contemporary layouts—without the premium price tag of a home in a fully established, higher-value neighbourhood. The property offers a newer build at a price point that undercuts much of the surrounding area. It suits first-time buyers, downsizers, or investors looking for a move-in-ready home that doesn’t carry the cost or quirks of an older property. The trade-off is a modest lot and a location where the housing stock was historically older and larger; you’re getting newer and more efficient, but not more spacious.

Frequently Asked Questions

1. How does the property’s assessed value compare to what I might actually pay?
Assessed value is set by the municipality for tax purposes and may not reflect current market value. In this case, the assessed value of $353,000 is lower than both the street and neighbourhood averages. Depending on market conditions and recent sales, the actual sale price could be higher or lower—this is a starting point, not a price tag.

2. The lot size is in the bottom 6% citywide—is that a problem?
It’s small relative to most Winnipeg properties, especially older homes with large yards. But it’s typical for newer infill builds and many townhouse or rowhome developments. If you value outdoor space for gardening or large gatherings, it’s a limitation. If you prefer lower maintenance and a modern footprint, it’s likely fine.

3. Why is the living space below the neighbourhood average but close to the city average?
West Kildonan Industrial has many older, larger single-family homes averaging over 1,500 sq ft. Citywide, the average dips closer to 1,340 sq ft because of older stock and smaller units. This home sits in a middle ground—bigger than many city dwellings, but smaller than the established local norm.

4. Does being in the “West Kildonan Industrial” community mean it’s near industrial areas?
The neighbourhood name can be misleading. It refers to a defined statistical area and may include residential pockets near commercial or light industrial zones. Check the specific street context: North Point Boulevard is residential, but surrounding land use could include industrial or mixed-use properties. A site visit is worthwhile.

5. What does “接近平均” or “接近平均” actually mean for the street-level comparison?
It means the home’s stats align closely with the median or average for that specific street. For example, the living space and land size are near the street average, and the assessed value is slightly below. The main differentiator on this street is the construction year—newer than most neighbours.