225 North Point Boulevard – Property Summary

Key Characteristics & Buyer Profile

This is a 1,180 sqft home built in 2019 on a 1,886 sqft lot, located in Winnipeg’s West Kildonan Industrial area. Its strongest feature is its construction year: it ranks in the top 4% citywide for newer homes, which is unusual for the neighbourhood and means it avoids the maintenance and retrofit costs typical of older Winnipeg housing stock.

The appeal here is practical and somewhat contrarian. The living area and lot size are both below average for the street, neighbourhood, and city—this is not a spacious property. However, the assessed value of $311,000 is significantly below the street average ($375,400), the neighbourhood average ($442,900), and even the citywide average ($390,100). That pricing gap suggests potential value for a buyer who prioritizes a modern build and lower entry cost over square footage and land. The home ranks at the very bottom of its street for lot size (63 out of 64) and assessed value (64 out of 64), so it stands out as the most affordable and compact option on North Point Boulevard.

This property would suit a first-time buyer, someone downsizing, or an investor looking for a newer, low-maintenance asset in a mixed industrial-residential area. It’s less appropriate for families needing significant indoor or outdoor space, or for buyers who prioritize resale upside tied to lot size or living area growth. The location—West Kildonan Industrial—may appeal to those who work nearby or value proximity to commercial/industrial zones over a quiet residential street.

Five Possible FAQs

1. Why is the assessed value so low compared to other homes on the same street?
The home’s living area and lot size are both below average for North Point Boulevard. Assessment value is heavily influenced by those factors, plus the specific condition and finish of the property. Being the smallest and most affordable home on the street explains the ranking gap.

2. Is a 1,886 sqft lot unusually small for Winnipeg?
Yes. The citywide average lot size for comparable homes is 6,570 sqft, and the neighbourhood average is 3,839 sqft. This lot is roughly half the size of the neighbourhood norm. Outdoor space is limited, so this matters if you garden, have dogs, or want a large yard.

3. What does “West Kildonan Industrial” mean for day-to-day living?
It’s a mixed-use area with industrial businesses nearby. Expect more traffic, noise, and truck activity than a purely residential neighbourhood. On the plus side, it often means lower property prices and shorter commutes for people working in the area.

4. How much does the 2019 build year matter in practice?
A lot. Most homes in this neighbourhood were built in the early 2020s or late 2010s, but citywide the average is 1966. A 2019 build means modern insulation, wiring, plumbing, and building codes—fewer surprise repairs and lower heating/cooling costs compared to older homes. It also means you’re paying for newer construction rather than a renovated older structure.

5. Should I be concerned about its ranking at 64 out of 64 for assessed value?
Not necessarily. That ranking confirms you’re buying the cheapest house on the street, which can be a strategic entry point. The risk is that future appreciation may be limited if neighbouring homes are significantly larger and more expensive. The reward is paying less upfront for a newer home in a street where most options are pricier.