62 Taurus Way – Property Summary
Key Characteristics & Buyer Profile
This is a 1,569 sqft home built in 2020 on a 4,015 sqft lot, with a current assessed value of $502,000. The property sits slightly below the average living area for its immediate street (ranked 31st out of 39 homes on Taurus Way), but it performs much better in broader comparisons. Within the West Kildonan Industrial neighbourhood, its living area is right around the average, while its assessed value ranks well above most nearby properties (154th out of 664, top 23%). Citywide, the home is in the top 27% for living area and top 19% for assessed value.
The real standout is the year built. At just four years old in 2024, this home ranks in the top 3% citywide—a significant contrast to Winnipeg’s average construction year of 1966. The lot size is on the smaller side both for the street (4,015 sqft vs. the street average of 5,153 sqft) and citywide, which is typical for newer infill builds.
Where the appeal lies: The home offers a relatively new, modern floor plan in a neighbourhood where most housing stock is older. For buyers who prioritize lower maintenance, energy efficiency, and contemporary finishes without moving to a far-flung suburb, this hits a practical sweet spot. The assessed value being above neighbourhood average suggests the home has held or gained value well since construction. A less obvious angle: homes built in 2020 often include better insulation standards and modern mechanical systems than even early-2010s builds—something worth considering for long-term ownership costs.
Who it suits: First-time buyers who want something move-in ready without the compromises of a fixer-upper. Also suits buyers downsizing from a larger older home who still want decent square footage but less land to maintain. Investors may find the newer construction and strong assessed value appealing for rental or resale, though the smaller lot limits future expansion.
Five Frequently Asked Questions
1. How does this home compare to others on Taurus Way specifically?
On its own street, the property is below average in living area (1,569 sqft vs. the street average of 1,885 sqft) and slightly below average in lot size. Its assessed value is close to the street average. It is newer than the street average (2020 vs. 2020—essentially tied), but some homes on the block are even newer. In short: it's a smaller, more modest home on a street with larger properties, but its value is competitive.
2. Is the lot size a drawback?
It depends on your priorities. At 4,015 sqft, the lot is smaller than the street average (5,153 sqft) and significantly smaller than the citywide average for comparable homes (6,570 sqft). If you want a big yard for gardening, kids, or a future addition, this may feel tight. But for low-maintenance living—less mowing, less snow clearing—it's actually a benefit. Many newer developments move toward smaller lots for exactly this reason.
3. Why is the assessed value higher than the neighbourhood average?
Newer construction typically commands a premium. The neighbourhood average assessed value for comparable properties is $442,900, while this home is assessed at $502,000—roughly 13% higher. This gap likely reflects the home's modern condition, contemporary finishes, and the fact that newer homes often have higher replacement costs for insurance and tax purposes. It's a sign the property has appreciated well since being built.
4. How does the home's age stack up against others in Winnipeg?
Exceptionally well. The citywide median construction year for comparable homes is 1966. Being built in 2020 places this property in the top 3% citywide. That means almost all other comparable homes in Winnipeg are decades older. This translates into better energy efficiency, updated building codes, and likely fewer immediate repair needs—things older homes rarely offer without significant renovation.
5. What does "Top 27%" for living area mean in practical terms?
It means the home's 1,569 sqft is larger than 73% of comparable homes across Winnipeg. For context, the average living area citywide is 1,342 sqft, so this home offers about 17% more space than typical. It's a solid size for a family of three or four without being cavernous. Combined with the newer construction, you're getting above-average space in a modern package—something that's relatively uncommon in the city's housing stock.
For a full comparison of this property against nearby homes—including lot size, living area, assessed value, and year built—open the neighbourhood analysis page.