509 North Point Boulevard – Property Summary
Key Characteristics & Buyer Profile
This three-year-old home (built in 2022) offers 1,389 square feet of living space on a 2,984-square-foot lot. Its assessed value is $427,000. The property sits in the West Kildonan Industrial neighbourhood of Winnipeg.
What stands out: The year built is a major strength citywide—this home is newer than 99% of properties in Winnipeg, where the average home dates to 1966. Within its own neighbourhood, it’s also newer than roughly 80% of homes. The assessed value is above average for the street, ranking in the top 14%, suggesting the home holds good condition and finishes relative to immediate neighbours.
Where it’s more average: The living area is around the middle of the pack on the street and slightly below the neighbourhood average. The lot size, while generous for the street (top 14%), is small compared to citywide norms—most Winnipeg properties sit on much larger parcels. This is typical of newer infill or subdivision-style development.
Who it suits: Buyers who prioritise a newer, low-maintenance home with modern construction standards and don’t need a large yard. It may also appeal to someone who wants a property that benchmarks well for its street value—good for resale confidence. Less suited to buyers seeking a large lot, older character, or maximum square footage for the price.
Five Possible FAQs
1. How does this property’s value compare to others in the area?
It ranks above average on its street (top 14% for assessed value) and near the middle for the wider neighbourhood. That suggests it’s a stronger value relative to immediate neighbours, while still being in line with the broader area’s pricing.
2. Is the lot size a concern for resale?
The lot is smaller than the citywide average, but that’s common for newer construction. On its own street, it actually ranks in the top 14% for land area, meaning it’s on the larger side for similar homes. For local resale, the lot is not a disadvantage.
3. Why is the year built so much newer than the city average?
Winnipeg has a large stock of older homes built before the 1980s. A 2022 build places this property in the top 1% citywide for newness. That can mean fewer immediate repairs, better energy efficiency, and modern layouts—but it also means less mature landscaping or established neighbourhood feel.
4. How does the living area compare to similar homes nearby?
It’s around average for the street and slightly below the neighbourhood average of 1,591 sqft. The home isn’t unusually compact or oversized for its environment—it fits well within typical expectations for this area.
5. What does “ranked #9 out of 64” on the street actually mean?
It means that when all 64 comparable homes on North Point Boulevard are sorted by assessed value, this property sits at number 9—higher than roughly 55 of them. The ranking uses assessed value as a proxy for overall quality and condition, not just price. A top-14% rank on the street suggests good upkeep and finishes relative to direct neighbours.