62 Vega Street – Property Summary
Key Characteristics & Buyer Profile
This 2018-built home on Vega Street, in Winnipeg’s West Kildonan Industrial area, offers 1,344 sq. ft. of living space on a 2,680 sq. ft. lot. Its assessed value (for tax purposes) is $364,000.
The property stands out most clearly for its age. Within its own street, it is the newest home (top 3%). City-wide, it is newer than 96% of homes—a significant advantage in a market where the average building year is 1966. It is also spacious relative to its immediate neighbours, ranking 5th out of 38 homes on the street for living area.
However, context matters. While the home is large for its street, it is smaller than average for the wider West Kildonan Industrial community, where the typical living area is 1,591 sq. ft. Similarly, its lot (2,680 sq. ft.) is modest by community and city standards. The assessed value sits slightly above the street average but below the community average.
Where the appeal lies: The home offers a modern floor plan and construction quality in a location where many neighbouring houses are older and larger. It may appeal to buyers who value a newer, move-in-ready home over maximum square footage or lot size. The combination of a 2018 build and a competitive street-level price point (relative to assessment) is its clearest strength.
Who it suits: First-time buyers or downsizers who want a newer, efficient home without the premium of a brand-new build. It would also suit someone looking for a property that is distinctly newer than most homes in the wider city, with a manageable lot and a comfortable, not oversized, living space.
Five Possible FAQs
1. How does this home’s size compare to others nearby?
It depends on the comparison. On Vega Street itself, this is one of the larger homes (top 13%). But in the broader West Kildonan Industrial community, it is smaller than average—about 250 sq. ft. less than the typical home there. City-wide, it sits almost exactly at the average size for all homes.
2. Why is the assessed value lower than the community average?
The community average assessed value ($443,000) is significantly higher, likely because many homes there are older and substantially larger in both living area and lot size. This home’s value is higher than the street average but reflects its smaller footprint relative to the community norm.
3. Is a 2,680 sq. ft. lot considered small?
It is very small by Winnipeg standards—only about 7% of city properties have a smaller lot. However, it is very close to the average lot size on Vega Street. Buyers looking for a large yard should look elsewhere, but for low-maintenance outdoor space, it is perfectly adequate.
4. How unusual is it to find a home built in 2018 in this area?
Highly unusual. Within West Kildonan Industrial, most homes are newer (average 2021), but on Vega Street and across the city, a 2018 build is exceptionally recent. This home is the newest on its street and newer than 96% of all homes in Winnipeg.
5. What does “assessed value” mean for a buyer?
It is the value the city assigns for property tax purposes—not necessarily the market value or sale price. This home’s assessment of $364,000 gives you a solid reference point for likely tax levels, but the sale price could be higher or lower depending on market conditions and buyer interest.