1-27 Lynx Street – Property Summary

Key Characteristics & Ideal Buyer Profile

This is a brand-new home built in 2023, placing it in the top 1% citywide for new construction in Winnipeg. With 1,354 square feet of living area, it’s slightly above average for its street (ranked 1st out of 16 homes) but below the broader West Kildonan Industrial neighbourhood average of 1,591 square feet. The assessed value is $378,000—above the street average of $363,400, but below the neighbourhood average of $442,900. Land is a trade-off here: at 2,338 square feet, the lot is smaller than most in the area (bottom 9% neighbourhood-wide, bottom 2% citywide).

The appeal lies in its newness and competitive pricing relative to the immediate street, rather than offering spacious grounds or square footage. It suits buyers who prioritize a move-in-ready, modern home with low upkeep and a good value-per-square-foot ratio, especially first-time homeowners or small families who don’t need a large yard. The modest lot and compact footprint also make it a practical fit for those looking to minimize maintenance while staying within a budget below the neighbourhood median. However, buyers wanting generous outdoor space or a larger floor plan should look elsewhere.

Five Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
The home is assessed at $378,000, which is above the street average ($363,400) but below the neighbourhood average ($442,900). Citywide, it’s around average (top 44%). This suggests the property is priced competitively for its immediate block, though neighbourhood comps may be larger or on bigger lots.

2. Is the small lot size a concern?
It depends on your needs. The 2,338-square-foot lot is smaller than most in West Kildonan Industrial and citywide. That means less yard work and lower land costs, but also limited space for gardens, sheds, or outdoor activities. If you want a big backyard, this isn’t it.

3. Why is the living area below the neighbourhood average?
Many homes in West Kildonan Industrial are older and larger, often over 1,500 square feet. This property is newer and more compact, which aligns with recent trends toward efficient floor plans. It’s not undersized for its street—it’s actually the largest on Lynx Street—but the broader area has bigger homes.

4. What does “top 1% citywide for year built” actually mean?
Only about 1,300 out of nearly 195,000 comparable Winnipeg homes were built in 2023 or later, so this property is among the newest in the entire city. That typically means modern construction standards, better insulation, fewer immediate repairs, and higher energy efficiency.

5. How reliable are the ranking and bar chart metrics?
The rankings compare this home to a defined set of “comparable homes” for each scope (street, neighbourhood, city). The bar length shows what share of those peers it outperforms. Colors indicate performance tiers, and “Avg” is a rough median benchmark. These are useful for quick comparison but don’t account for unique features like renovations, layout, or location nuances, so they’re best used as a starting point, not a final verdict.