56 Lennox Avenue

Property Overview & Key Characteristics

56 Lennox Avenue is a modern, two-storey home built in 2024, offering a turnkey living experience in Winnipeg's St. George neighbourhood. Its primary appeal lies in its new construction status, which means minimal immediate maintenance, modern building standards, and a blank canvas for interior decor. The home features a renovated basement and a living area of 1,522 sqft on a notably spacious 2,494 sqft lot, ranking it among the larger properties on its street.

The data reveals a less obvious but significant perspective: this property represents a rare opportunity in its immediate area. It ranks in the top 1% of its street for being newer, having a larger lot, and a higher assessed value. This suggests it's a standout, modern property on a street with mostly older homes, potentially offering a unique value proposition for the area. It would suit first-time buyers or professionals seeking a modern, low-maintenance home without the wait and uncertainties of a new build. It's also a practical fit for those who value a larger outdoor space but don't want the upkeep of an older, larger house.

Frequently Asked Questions

1. What does the assessed value ranking mean?
The home's assessed value is in the top 1% on its street and top 2% in the St. George neighbourhood. This generally indicates that the municipal assessment is significantly higher than most surrounding properties, often reflecting its new construction and desirable attributes compared to older homes in the area.

2. Is the property part of a new development?
Given its 2024 build date and that the directly neighbouring property (54 Lennox Ave) is an identical new build, it is very likely part of a small, recent infill development, replacing one or two older homes with new constructions.

3. What are the potential benefits of buying a recently built home like this?
Key benefits include modern energy efficiency, compliance with current building codes, and the remainder of the original builder warranty (typically 1-2 years remaining on a 2024 build). You also avoid the immediate major repair costs often associated with older homes.

4. Why is the lot size considered a standout feature?
With a land area of 2,494 sqft, the lot is in the top 3% on its street. In established neighbourhoods, newer infill homes are often built on subdivided, smaller lots. This property offers the modern home without the typical compromise on outdoor space, which is a notable advantage.

5. What is the likely community context?
The data suggests a street in transition. With this home and its neighbour being brand new among a roster of much older homes (as seen in the "related homes" list), the street likely has a mix of original residents and new homeowners, which can bring a blend of established community character and fresh investment.