Key Characteristics & Buyer Profile
This is a 1,213 sqft home built in 2022 on a 2,550 sqft lot in Winnipeg's West Kildonan Industrial area. The property is new relative to its surroundings—it ranks in the top 1% city-wide for construction year, while the Winnipeg average is 1966. Its assessed value is $339,000, which is below both the neighborhood ($443,000) and city ($390,000) averages.
Where the appeal lies:
The home offers new construction at a below-average price point. The living space is slightly smaller than the neighborhood norm but essentially average for the city—meaning you're not sacrificing square footage compared to a typical Winnipeg home. The land is compact (bottom 6% city-wide), which is common for newer infill builds and keeps yard maintenance low.
Who it suits:
Buyers who want a newer, move-in-ready home without paying a premium for "new" in an established area. It would work well for someone who prioritizes modern construction and energy efficiency over lot size or location prestige. First-time buyers, downsizers, or investors looking for a low-maintenance rental could find it practical. It may not suit someone seeking a large yard, a highly walkable neighborhood, or strong resale value within the immediate area.
Frequently Asked Questions
1. How does the property tax compare to similar homes nearby?
The assessed value ($339,000) is below the street average ($358,000) and significantly below the neighborhood average ($443,000). This usually means lower annual property taxes than most comparable homes in West Kildonan Industrial.
2. Is the small lot a disadvantage?
It depends on your needs. The lot is small even by city standards, so there's limited outdoor space. However, newer homes on compact lots often require less maintenance and may be more affordable to heat and cool.
3. What does "ranked top 1% for construction year" mean practically?
Very few homes in Winnipeg were built more recently than 2022. This suggests the home meets current building codes, likely has modern insulation, windows, and mechanical systems, and may have lower immediate repair costs than older stock.
4. How does the living space compare to other homes on the street?
It's slightly above average for Sagitta Street, where the typical home is around 1,266 sqft. Within the broader neighborhood, however, it's on the smaller side. This is common for infill homes in older areas.
5. Why is the assessed value lower than the neighborhood average if the home is new?
New builds on smaller lots in established neighborhoods often have lower assessments than older homes sitting on larger parcels. Land value drives a significant portion of assessed value, and this property's land is well below the neighborhood average in size.