1-25 Lynx Street Property Summary

Key Characteristics & Buyer Profile

This home is a 2023 build with 1,354 square feet of living space on a 2,338-square-foot lot, located in the West Kildonan Industrial area of Winnipeg. Its strongest asset is its construction age—ranked in the top 1% city-wide among nearly 200,000 properties, compared to a city average build year of 1966. This means near-new construction, modern building standards, and minimal immediate maintenance concerns.

Living space is a strong point locally: it ranks 1st out of 16 homes on Lynx Street and sits slightly above the city average. However, within the broader West Kildonan Industrial community, it's below average in size (485th out of 664), suggesting many nearby homes are larger. Land is where this property diverges most sharply from local norms—at 2,338 sqft, it's well below the community average of 3,839 sqft and city average of 6,570 sqft, ranking in the bottom 2% city-wide. Buyers should expect a compact lot, typical of newer infill development.

The assessed value of $378,000 is slightly above the street average but below the community average of $443,000, reflecting the trade-off between a newer build and a smaller footprint. This property would suit buyers who prioritize a move-in-ready, modern home with efficient use of space over a large yard. It's less suited to those needing a big lot or seeking a home that blends with the area's older, larger-lot character. The value proposition is strongest for someone who wants new construction without paying new-construction premiums in pricier neighbourhoods.

Frequently Asked Questions

1. How does the property's size compare to other new builds in the city?
While its living area is near the city average for all homes, comparing it specifically to other 2023 builds would be more relevant—but those figures aren't provided here. What the data shows is that among all city homes, this one has a small lot and mid-range living space, which is typical for recent infill construction in established neighbourhoods.

2. Why is the land size so small compared to the community average?
The West Kildonan Industrial area contains a mix of older homes on larger lots and newer infill developments on subdivided parcels. This property sits on a lot that's less than two-thirds the community average, which is consistent with infill trends where builders maximize density. Buyers should confirm if the lot shape or size restricts additions or accessory structures.

3. Is the assessed value of $378,000 a fair price for this home?
The assessment places it above the street average ($363,000) but below the community average ($443,000). Assessment doesn't equal market value, but it suggests the home is priced competitively for its location when you factor in its new construction. The lower community assessment average for this property likely reflects its smaller size relative to older, larger homes nearby.

4. What is the surrounding neighbourhood like?
West Kildonan Industrial is exactly what it sounds like—a mixed-use area with industrial and residential properties. Buyers should expect proximity to commercial and light industrial uses, not a purely suburban setting. This can mean more traffic noise and less green space, but also better access to major routes and less restrictive zoning than strictly residential areas.

5. How would this property compare to a similarly priced older home on a larger lot?
An older home at the same price point in Winnipeg might offer double the lot size and more square footage, but it would likely come with older mechanicals, windows, and insulation, plus potential renovations. This property trades land and existing equity in improvements. Which is the better value depends on whether you value modern efficiency or future expansion potential more.