Key Characteristics & Buyer Profile

This is a recently built home (2022) with a living area of approximately 1,149 square feet and a lot size of around 2,945 square feet. Its standout feature is the construction year—newer than nearly all homes in the city, offering modern building standards, efficiency, and lower immediate maintenance concerns. The tax-assessed value sits at roughly $377,000, which is actually on the higher side compared to properties citywide, reflecting the premium attached to its age and condition.

The appeal lies in its "turnkey" readiness. A buyer here isn’t inheriting someone else’s deferred upkeep or outdated systems. The trade-off is modest interior space and a lot that’s on the smaller side relative to the surrounding area. This property suits a buyer who prioritizes a low-maintenance, contemporary home over square footage or a large yard—likely a first-time homeowner, a downsizer looking to simplify, or someone who values energy efficiency and minimal renovation needs. The price point, while slightly above the city median, places it competitively for those seeking a newer build without stepping into a significantly higher bracket.

Five Possible FAQs

1. How does the 1,149 sq ft living area compare to other homes in this neighborhood?
It’s on the smaller side. On this street, the average living area is around 1,410 sq ft, so this home is about 20% smaller than the typical nearby property. If you’re coming from an apartment or a smaller home, it will feel adequate; if you’re used to a larger suburban house, the rooms may feel compact.

2. The lot is listed as “Bottom 9%” citywide. Is that a problem?
It depends on your expectations. The lot is roughly 2,945 sq ft, which is unusually small for Winnipeg. This means less outdoor upkeep but also limited space for additions, gardening, or privacy fencing. It’s a common trade-off in newer infill developments where land is maximized for the structure itself.

3. Why is the assessed value higher than many older homes despite the smaller size?
Assessed value reflects market conditions and replacement cost, not just square footage. A 2022 build has modern insulation, wiring, plumbing, and appliances—systems that are more expensive to install today than those in a 1980s home. Buyers are willing to pay a premium for not having to replace a roof or furnace for another 15–20 years.

4. What are the likely maintenance costs in the first five years?
For a 2022 build, major systems should be under warranty (check the transferability). Expect routine expenses like lawn care, gutter cleaning, and filter changes. The real savings come from avoided repairs: you likely won’t face foundation cracks, outdated electrical panels, or leaky windows in the near term, which older homes often require within a year of purchase.

5. How does this home perform in resale value compared to older homes on the same street?
Newer homes typically hold value better in the first decade, as they lag behind the street average less dramatically than they lead it. However, when comparable newer homes eventually appear nearby, this one will compete primarily on features rather than age alone. If the neighborhood sees more infill builds, today’s premium for “new” could shift to a premium for “efficient design” or “location within the street.”