Here is a clean, standalone summary of the property at 408 North Point Boulevard.
Key Characteristics & Buyer Profile
This is a brand-new home built in 2024, placing it in the top 1% of Winnipeg homes for age. Its main appeal is the combination of a new build with a compact, low-maintenance footprint. The living area (1,358 sq. ft.) is slightly below the neighborhood average but right in line with citywide norms, making it a practical, modern space without excess.
The property’s biggest trade-off is its lot size. At 2,115 sq. ft., it ranks in the bottom 1% citywide. This is an intentional feature, not a flaw. The appeal lies in owning a brand-new, turnkey home without paying for or maintaining a large yard. The assessed value of $360,000 is slightly below both the street and neighborhood averages, reflecting the smaller lot and modest square footage.
Who it suits: Buyers who prioritize a modern, efficient home with low upkeep—especially first-time homeowners, couples, or those downsizing from a larger property. It is less suited for families needing a big yard or investors looking for a large land component. The location in West Kildonan Industrial is worth noting: the neighborhood skews newer but has smaller lots. This property will appeal to someone who values the building itself over the land underneath it.
Five Possible FAQs
1. How does the property’s size compare to similar homes nearby?
The living area is typical for the street and city, but the lot is significantly smaller than average. On North Point Boulevard, the average lot is 2,598 sq. ft., while the citywide average for comparable homes is over 6,500 sq. ft. This is the main distinguishing feature of the property.
2. Why is the assessed value below the neighborhood average?
The neighborhood average ($442,900) is driven up by larger lots and older, more established homes with bigger square footage. This property’s $360,000 assessment reflects its new construction but small lot size, placing it on the lower end for West Kildonan Industrial.
3. Is this home considered a good value for its age?
Yes. A 2024 build ranks in the top 1% citywide. New construction usually carries a premium, and the assessed value here is lower than many older homes in the area, which suggests a reasonable entry point for a brand-new property.
4. What does "Top 1%" for construction year actually mean?
It means that out of nearly 200,000 comparable homes in Winnipeg, only about 128 are newer than this one. You are essentially buying one of the newest houses available in the city, which impacts long-term maintenance costs and energy efficiency.
5. Is the small lot a problem for resale?
Not necessarily, but it narrows the buyer pool. The property will appeal to a specific segment: people who want a new home with minimal yard work. It will not attract buyers looking for a large garden, extra parking, or expansion space. Its strongest resale advantage will be its age and condition.