107 Phoenix Way – Property Summary

Key Characteristics & Buyer Profile

This is a 2019-built home with 1,530 square feet of living space on a 4,205-square-foot lot. Its standout feature is the year built. On Phoenix Way itself, it's the newest home (top 1%), and city-wide in Winnipeg, it ranks in the top 4% for newer construction, with the average city home built in 1966. The living area is above average both on the street (top 6%) and city-wide (top 29%), while the land area is generous for the street (top 6%) but below average compared to the wider city, where lots tend to be larger. The assessed value of $395,000 sits above the street average of $376,600 but below the neighborhood average of $442,900, reflecting a mix of newer construction and a less premium lot size relative to the immediate area.

The appeal here is a newer, well-sized home on a street where most properties are older and smaller in living space. The neighborhood (West Kildonan Industrial) is a mixed area, so the property stands out locally without commanding the highest prices in the broader region. This makes it a practical choice for buyers who want a modern, move-in-ready home without the premium of a top-tier neighborhood—first-time buyers, young families, or investors looking for something newer in an established, less trendy part of the city. It’s less suited for someone seeking a large yard or high-end resale value based on location alone.

Frequently Asked Questions

1. How does the property compare to others on Phoenix Way?
It ranks 5th out of 78 homes for living area (1,530 sqft vs. the street average of 1,430 sqft) and 1st for year built (2019). Assessed value is 12th at $395,000, above the street average of $376,600. So it's larger, newer, and slightly higher in value than most neighbors.

2. Is the lot size a drawback?
The lot is 4,205 sqft, which is above average for Phoenix Way (top 6%) but well below the city-wide average of 6,570 sqft. If you're comparing to newer suburban developments with larger lots, this is smaller. But it's generous for the street itself, and the home is newer, so the trade-off is a more compact, lower-maintenance yard.

3. Why is the assessed value below the neighborhood average?
The neighborhood average for assessed value is $442,900, while this home is $395,000. That gap is likely because the neighborhood includes more expensive properties—possibly larger lots or older homes in desirable pockets. The home is newer but in a less premium part of the area, and its value reflects that.

4. How does the age benefit this property?
Built in 2019, it's among the newest 4% of homes city-wide. That means modern construction standards, better energy efficiency, and less immediate maintenance than most homes in Winnipeg, which average 1966. You're avoiding the common issues of older homes (older roofs, wiring, foundations) without paying for a brand-new custom build.

5. Who would this home not suit?
Buyers wanting a large, private lot or a top-tier resale location may be disappointed. The land area is below average city-wide, and the neighborhood is industrial and mixed. It’s also not a fixer-upper or a property with character older homes, so it won't appeal to renovation enthusiasts or those chasing historic charm.