528 North Point Boulevard – Property Summary
Key Characteristics and Buyer Profile
This is a newly built home (2024) in Winnipeg’s West Kildonan Industrial area, with 1,505 square feet of living space on a 2,670-square-foot lot. Its assessed value is $408,000.
The property’s strongest feature is its age. It ranks in the top 1% city-wide for year built—a genuine rarity in a market where the median home dates to 1966. For buyers who want modern construction without compromises, this is the main draw. The living space is slightly above the city average (top 30%), and the assessed value sits around the middle of the pack city-wide, suggesting reasonable value relative to size and newness.
The trade-off is the lot. At 2,670 square feet, it’s well below average for the area and in the bottom 7% city-wide. This isn’t a property for someone wanting a large yard or garden space. It suits buyers who prioritize a turnkey, low-maintenance home with modern finishes and efficiency over outdoor space. Given the land constraint, it would also appeal to those looking for a smaller footprint in an established neighbourhood, or investors seeking a newer asset with lower upkeep risk.
Frequently Asked Questions
1. How does this property compare to others on the same street?
It’s above average in living area and assessed value, and nearly the newest home on the block (ranked 2nd out of 64). Land area is around the street average.
2. Why is the assessed value considered “around average” city-wide when the home is brand new?
New construction in this neighbourhood doesn’t push the valuation significantly above the city median. The home ranks in the top 36% city-wide for value, but the neighbourhood average ($442,900) is actually higher. So while it’s newer and slightly larger than many homes, the assessed figure reflects local market conditions, not just age.
3. Is the small lot a problem for resale?
It depends on the buyer. In a city where large lots are common, this is a notable departure. However, the home’s newness and efficient layout may offset that for people who prefer less yard work. Resale would likely target the same niche: those who value a modern, move-in-ready home more than outdoor space.
4. What does “West Kildonan Industrial” mean for the neighbourhood feel?
The area is mixed-use, with some industrial and commercial properties nearby. It’s not a purely residential subdivision. Buyers should expect a more practical, less scenic environment than a newer suburban development, but with closer access to services and major routes.
5. How reliable are these rankings and averages?
The data comes from municipal assessments and comparable home groupings. The “Top X%” rankings are relative to similar property types within each scope (street, neighbourhood, city). They give a solid snapshot, but individual preferences—like layout, finish quality, or lot shape—aren’t reflected in the numbers.