139 Phoenix Way – Property Summary

Key Characteristics & Buyer Profile

This is a well-balanced, modern home built in 2018 that stands out most for its strong assessed value relative to other homes on the same street. On Phoenix Way, it ranks in the top 4% for assessed value at $412,000—well above the street average of $376,600—while also offering a living area of 1,499 sqft that is slightly above both the street and citywide averages. The land area is a modest 2,738 sqft, which is below average for the neighborhood and the city, so this is not a property for someone looking for a large yard or outdoor space.

Where the property really shines is its age. Built in 2018, it places in the top 4% citywide for newer construction, a standout in a city where the average home was built in 1966. That means fewer immediate concerns around major systems or renovations, and a more modern floor plan and finish. On the street itself, however, it’s about average in age—many neighbors are similarly new.

This home would suit buyers who prioritize a modern, move-in-ready home with good value retention, and who are comfortable with a smaller lot. It’s a strong fit for couples or small families who want something newer without paying a premium for a massive property. The neighborhood ranking is middling (58th percentile for living area, 54th for assessed value), which may appeal to buyers who see it as a solid, not flashy, option in an established area—room for steady appreciation rather than a quick flip.

Frequently Asked Questions

1. How does this home’s living area compare to others nearby?
It’s right around the average for homes on Phoenix Way (1,430 sqft) and slightly above the citywide average for comparable homes (1,342 sqft). It’s not oversized, but it’s not cramped—a typical modern layout for a 1,500 sqft home.

2. Is a land area of 2,738 sqft considered small?
Yes, relative to the city. The citywide average lot is 6,570 sqft, so this lot is significantly smaller—in the bottom 8% citywide. Within the neighborhood, lots average closer to 3,800 sqft, so it’s still on the compact side. Good for low-maintenance, less so for gardening or expansion.

3. Why is the assessed value high for the street but average for the neighborhood?
The street itself has a mix of older and newer homes, and this one is among the newest and best-valued there. But the surrounding West Kildonan Industrial area includes a wider range of properties, some with larger lots or higher valuations, so the home falls closer to the middle of that broader group.

4. What does “top 4% citywide for year built” actually mean?
Out of nearly 200,000 homes in Winnipeg, only about 8,400 are newer than this one. That means most homes in the city are significantly older—often from the 1960s or earlier. Buyers looking to avoid immediate renovations or outdated systems will find this appealing.

5. Does a high street ranking for value mean the home is overpriced?
Not necessarily. It means the assessed value is strong relative to others on the same street, which often reflects newer construction or good upkeep. Compared to the larger neighborhood and city, the value is around average, suggesting the price is in line with the broader market, not inflated.