47 Libra Street – Property Summary
Key Characteristics & Ideal Buyer Profile
This property at 47 Libra Street is a 2020-built home with 1,553 square feet of living space and a 2,868-square-foot lot. Its standout feature is living space relative to others on the same street—it ranks first out of 46 properties, placing it in the top 2 percent. This means it offers noticeably more interior room than its immediate neighbors, where the average living area is about 1,412 square feet. The house also benefits from being a relatively new build; city-wide, it lands in the top 3 percent of properties by construction year (the city average is 1966), so it avoids the maintenance concerns that come with older homes.
The lot size is modest by city standards—ranking in the bottom 10 percent city-wide—but is above average on Libra Street itself. The assessed value ($396,000) is slightly above the street average but below the broader community average, suggesting the home’s larger living area didn’t come with a premium relative to the surrounding area.
Who it suits: Someone who prioritizes interior space over yard size, and who wants a newer home without the wait or uncertainty of new construction. It would also appeal to buyers who value being on a street where the home’s square footage stands out—potentially a selling point if they plan to stay for a while. Less obviously, it may suit buyers who want a home that is newer than most in the city but aren’t interested in the premium often attached to brand-new builds in fringe developments. The moderate land area suggests less outdoor upkeep, which may be practical for buyers who travel, work long hours, or prefer low-maintenance living.
Frequently Asked Questions
1. How does the living space compare to typical homes in Winnipeg?
At 1,553 square feet, it’s about 16 percent larger than the city average of 1,342 square feet. On Libra Street, the advantage is even clearer—the average on the street is just over 1,400, making this one of the roomiest options on the block.
2. Is the property overvalued compared to its neighbors?
The assessed value is about $19,000 above the street average, but this aligns with the larger living area. In the broader community, the home is actually below the average assessed value ($443,000), which suggests it’s not overpriced relative to larger homes in the area. The value appears reasonable for what it offers.
3. Why is the lot size considered small, and is that a downside?
The lot (2,868 square feet) is below the city average of 6,570 square feet and below its community average of 3,839. It’s still slightly above the street average (2,747), so it’s not unusually small for the immediate neighborhood. For buyers accustomed to larger suburban lots, it may feel compact, but it also means less yard work and likely lower water bills. If outdoor space for gardening or play is a priority, this property may not be the right fit.
4. How old is the home, and what does that mean for maintenance?
Built in 2020, the home is roughly four years old. That places it among the newest 3 percent of homes in Winnipeg, meaning the roof, mechanical systems, windows, and foundation are all near the start of their expected lifespan. Major replacements aren’t likely for at least another 15–20 years for most items. For buyers, this lowers near-term maintenance risk, though it’s worth noting warranty coverage may already have expired or be close to expiring depending on the builder.
5. What’s the neighborhood like, and how does this property compare within West Kildonan Industrial?
The community (West Kildonan Industrial) is a mixed area with properties averaging 1,591 square feet and assessed values around $443,000. This home’s living space is close to that average, but its assessed value is noticeably lower, which could reflect differences in lot size, finish quality, or location within the area. Buyers should visit the street to confirm the immediate surroundings—industrial zoning nearby may influence noise, traffic, or future development. Checking the “Surrounding Map Analysis” tool on the listing page would help clarify how this home stacks up against specific neighbors.