1-23 Lynx Street – Property Summary

Key Characteristics & Buyer Profile

This is a recently built home (2023) with 1,354 square feet of living space on a 1,912-square-foot lot. It sits on Lynx Street in the West Kildonan Industrial neighbourhood of Winnipeg.

What stands out most is the year built. The home ranks in the top 1% citywide for newness, making it one of the freshest options in Winnipeg. On its own street, it’s the newest house by a clear margin (top 6%). The living area is also slightly above average for the street, though the lot is notably small—ranking in the bottom 2% within the neighbourhood and bottom 100% citywide. The assessed value of $372,000 is around average for the street and lower than the neighbourhood average, which reflects the smaller lot size and possibly the industrial-adjacent location.

The appeal here is straightforward: you get a brand-new home without the premium of a large lot or a high-assessed-value neighbourhood. This suits buyers who prioritize a modern, low-maintenance structure over outdoor space or a quiet suburban setting. It may also appeal to investors or first-time buyers looking for something move-in ready with fewer upkeep surprises. The location in West Kildonan Industrial means proximity to commercial and industrial areas, not a leafy residential enclave—worth noting for anyone expecting a traditional neighbourhood feel.

Five Possible FAQs

1. How does the lot size compare to other homes in Winnipeg?
   The lot is 1,912 square feet, which is well below the citywide average of 6,570 square feet. It ranks near the bottom citywide, so outdoor space is limited. This is typical for newer infill builds on smaller lots.

2. Is the assessed value likely to increase?
   The assessed value is $372,000, which is slightly below the citywide average for comparable homes. Because the home is new, it may appreciate as the area develops, but the surrounding industrial zoning could limit rapid gains. It’s not a high-appreciation neighbourhood by current data.

3. What’s the neighbourhood like for everyday living?
   West Kildonan Industrial is exactly what it sounds like—mixed commercial and industrial. It’s not a typical residential community with parks and schools within walking distance. Convenient for commuting or access to services, but less suited for those seeking a quiet, walkable neighbourhood.

4. Does the small lot affect resale value?
   It can. Smaller lots often appeal to buyers who want less maintenance, but they also limit expansion or outdoor living. In a city where larger lots are common, this may narrow the buyer pool. Conversely, new construction on a small lot can attract those priced out of larger homes.

5. How does this home compare to others on Lynx Street?
   It ranks #1 out of 16 homes for newness and is above average for living area. The assessed value is around average for the street, and the lot size is slightly below average. So it’s the standout for modernity, but not for space or value relative to neighbours.