69 Lyra Gate – Property Summary
Key Characteristics & Buyer Profile
This is a 2018-built home with 1,044 sqft of living space on a 2,359 sqft lot, currently assessed at $302,000. Its standout feature is its age: it ranks in the top 5% for newness on Lyra Gate and the top 4% citywide—meaning it’s significantly newer than most homes in Winnipeg, where the average build year is 1966. The living area and assessed value sit around average for the street and city, but the land area is smaller than typical, both within the West Kildonan Industrial neighborhood (where average lots are 3,839 sqft) and across the city.
Where the appeal lies: If you want a relatively new, low-maintenance house without the premium price tag of a brand-new build, this fits. The 2018 construction means modern mechanicals, insulation, and finishes—things many older homes in the area lack. It’s a practical choice for someone who prioritizes a move-in-ready structure over square footage or a big yard.
Who it suits: First-time buyers looking for something current but affordable; downsizers who don’t want to deal with major renovations; or investors seeking a newer asset in an older, established neighborhood. It would be less suitable for someone who needs generous indoor or outdoor space, or who wants to be in a newer suburban development with larger lots.
Five Possible FAQs
1. How does the small lot size affect daily living or resale?
The 2,359 sqft lot is below average both locally and citywide. You won’t have a large backyard for gardening, dogs, or play equipment. On the plus side, less land means less mowing, snow clearing, and maintenance. Resale may appeal more to buyers who value low upkeep over outdoor space.
2. The assessed value is below the neighborhood average—does that mean the home is undervalued?
Not necessarily. The neighborhood average ($442,900) is skewed by larger, older homes with bigger lots. This property’s value reflects its smaller size and lot. It compares more fairly to similar newer homes on the street, where it sits slightly below the $329,400 average—suggesting reasonable pricing for what it offers.
3. Is the West Kildonan Industrial area actually residential?
Despite the name, this is a mixed zone that includes older residential pockets alongside industrial and commercial properties. It’s worth visiting in person to assess noise, traffic, and nearby amenities. The “industrial” label doesn’t mean it’s all warehouses, but the neighborhood character is different from purely residential subdivisions.
4. Why is the home so much newer than the neighborhood average?
Most homes in West Kildonan Industrial were built in the early 2000s or earlier (average 2021 is pulled down by a few much older properties). This home was built in 2018 on an infill lot—likely a vacant parcel or a tear-down. It’s a newer addition to an otherwise older streetscape, which can be a positive if you want modern construction without leaving the area.
5. How do the citywide rankings for living area and assessed value compare?
This home ranks in the top 68% citywide for both living area and assessed value—meaning it’s slightly above the median in both categories. That’s solid for a 1,044 sqft home, suggesting its newer build helps its value relative to size. The land area, however, ranks in the bottom 3% citywide, which is the main trade-off.