87 Phoenix Way – Property Summary
Key Characteristics and Buyer Profile
This is a 1,402 sqft home built in 2018, sitting on a 3,600 sqft lot in the West Kildonan Industrial neighbourhood of Winnipeg. Its assessed value is $374,000.
What stands out most is the lot size. On Phoenix Way itself, this property ranks in the top 12% for land, meaning it has noticeably more outdoor space than most other homes on the street. The house itself is also relatively young—built in 2018, placing it in the top 4% citywide for newer construction. That’s an unusual combination in an older city like Winnipeg: a newer home on a larger-than-average lot within its immediate street context.
The living area and assessed value are both around average for the street and neighbourhood. This isn’t a standout in terms of square footage or price relative to its immediate neighbours, but it also isn’t an outlier. The home falls into a fairly typical middle band for both metrics.
This property would suit a buyer who values newer construction but doesn’t want a cookie-cutter infill on a tiny lot. It’s a good fit for someone who wants a reasonably modern home with more yard space than what’s typical on this street—perhaps for gardening, kids, or pets. Because the assessed value is in line with the neighbourhood average, it may appeal to buyers looking for a solid, unflashy entry point into a newer home without paying a premium for the “newest on the block.”
Five Possible FAQs
1. How does this home compare to others on Phoenix Way?
It’s very much in the middle for living area and assessed value. The main difference is the lot: it ranks 9th out of 78 homes on the street. You’re getting more land than most of your immediate neighbours.
2. Is the neighbourhood mostly newer or older homes?
The neighbourhood average build year is 2021, so this home (2018) is slightly below that average. However, citywide this home is much newer than the typical Winnipeg home (average build year 1966). You’re in a pocket of newer development within an older city.
3. Why is the lot ranked high on the street but low citywide?
The citywide average lot size in Winnipeg is 6,570 sqft—nearly double this property. But on Phoenix Way, the average lot is 3,048 sqft, so this home’s 3,600 sqft lot is generous for the immediate area. It’s a case of “big fish, smaller pond.”
4. What does the assessed value of $374k tell me?
It’s right around the street average ($376.6k) and slightly below the neighbourhood average ($442.9k). That suggests the home is priced consistently with nearby comparables, not overvalued relative to its immediate surroundings.
5. How should I interpret the “top 4% citywide” for build year?
Only about 4% of homes in Winnipeg are newer than this one. If having a newer roof, furnace, windows, and foundation is important to you, this property ranks very high by that measure across the entire city. You’re unlikely to find many older homes with the same level of recency.