Key Characteristics & Buyer Profile
This is a 2018-built home with 1,044 sq ft of living space on a 1,930 sq ft lot. Its most standout feature is the construction year—among the newest on its street and in the top 4% citywide. The property is assessed at $296,000, which is below the average for its street, neighbourhood, and city. While the living space is fairly typical for the street and city overall, it's notably smaller than the neighbourhood average. The lot is also on the smaller side, especially when compared to citywide norms.
The appeal lies in the trade-off between age and cost. You get a very new house at a price point that sits below many older comparables. For the right buyer, that could mean lower immediate maintenance concerns or a more modern floor plan without paying a premium. This property would suit someone who prioritizes a newer build over square footage or a large yard—perhaps a first-time buyer, a downsizer, or someone looking for an efficient, lower-upkeep home in a neighbourhood where most houses are older and larger.
Five Possible FAQs
1. How does this home's size compare to others nearby?
The living area is right around average for the street, but it’s much smaller than the typical home in the wider West Kildonan Industrial area, where the average is over 1,500 sq ft. The lot size is similar to others on Lyra Gate but well under the neighbourhood and city averages.
2. Why is the assessed value lower than the average in the area?
It appears the assessment reflects both its smaller size and its location within a street and neighbourhood where many homes are larger and have higher valuations. Being newer doesn’t seem to have pushed the assessed price above older, bigger houses nearby.
3. Is a 2018 build considered new for this part of Winnipeg?
Yes, very much so. Most homes in Winnipeg were built around 1966 on average. On this street, 2018 is the newest year recorded. Even within the neighbourhood, most homes are newer than this one, but citywide, this is a very young house.
4. What does the "top 4%" ranking for build year actually mean?
Out of nearly 200,000 homes citywide, this property ranks in the top 4% for newest construction. That means only a small fraction of homes in Winnipeg are newer than this one. It’s a significant advantage if you want a modern build.
5. Could this property be a good investment for someone looking to renovate?
Probably not in the traditional sense. The home is already very new, so there’s little need for major upgrades. The value would likely come from holding it as a more affordable, modern house in an area where most homes are older and larger, rather than from a fix-and-flip scenario.