89 Lyra Gate

89 Lyra Gate – Property Summary

Key Characteristics & Buyer Profile

This 1,327-square-foot home, built in 2018, sits on a 2,467-square-foot lot. Its standout feature is age: it’s among the newest homes on its street and in the top 4% city-wide for year built, which is notable in a city where the average home dates to 1966. The assessed value of $346,000 is roughly in line with the street and city averages, but well below the neighborhood average of $442,900—suggesting the immediate area includes more expensive properties. The land area is generous for the street (top 9%), but small relative to the wider neighborhood and city, where lots tend to be much larger.

The appeal here is subtle. You’re getting a modern build in an older context, with a compact footprint that may appeal to buyers who want a newer home without paying for extra land they don’t need. The property ranks average for living space and value, so it’s not a standout in size or price—but the combination of being relatively new, reasonably priced, and on a smaller lot could suit first-time buyers, downsizers, or anyone prioritizing low-maintenance living in a city where large lots are the norm. The neighborhood rank for living area and value is low, which may reflect the industrial zoning nearby—worth investigating if you value a quiet residential feel.

Frequently Asked Questions

1. How does the assessed value compare to what I might actually pay?
The assessed value of $346,000 is a baseline used for property taxes. Sale prices can differ, but this home is valued near the street and city medians, and well under the neighborhood average. It’s reasonable to expect a price in that range, though market conditions always apply.

2. Why is the land area ranked high on the street but low city-wide?
On Lyra Gate, lots average 2,156 sqft, so this home’s 2,467 sqft lot is above average. But city-wide, the typical lot is 6,570 sqft, and lots in West Kildonan Industrial average 3,839 sqft. The home offers a modest lot by wider standards, which may be a plus if you don’t want a large yard.

3. The neighborhood rank for living area is below average—does that mean the home feels small?
Not necessarily. The neighborhood averages 1,591 sqft, so this home is about 17% smaller. But on its own street, it’s around average. The difference likely reflects that the neighborhood includes larger homes nearby. For a single person or couple, 1,327 sqft is often perfectly comfortable.

4. Is the “industrial” in the neighborhood name a concern?
West Kildonan Industrial suggests a mix of residential and light industrial uses. That can mean more traffic or noise, but it can also mean lower land prices and proximity to services. A site visit at different times of day would clarify whether the immediate area feels residential enough for your needs.

5. What does “ranked #1 out of 22 on the street” for year built actually mean?
It means this home is the newest on Lyra Gate. All homes on that street were built in or around 2018, so the difference may be just a few months. The more meaningful comparison is city-wide: this home is in the top 4% for newness, which is rare for Winnipeg and likely means better insulation, modern systems, and fewer immediate repairs.