Key Characteristics & Buyer Profile

At 1,327 square feet, this property sits close to the street average on North Point Boulevard and slightly below the broader West Kildonan Industrial community average. Its assessed value of $327,000 also falls below both street and community medians—ranking in the bottom 6% on the street and bottom 3% in the area. That lower valuation is partly explained by the relatively small land size: 2,066 square feet places it in the bottom 20% on the street and bottom 7% in the community. Across Winnipeg, it's in the bottom 1% for lot size.

The strongest selling point is the building itself. Constructed in 2019, it ranks in the top 4% city-wide for age—most comparable Winnipeg homes were built around 1966. This means newer construction, updated systems, and fewer immediate maintenance concerns than the vast majority of city listings. The living area is slightly above the Winnipeg average, though below the West Kildonan Industrial norm.

This property suits buyers who prioritize a newer, move-in-ready home over land area or a high-profile street location. It would likely appeal to first-time buyers, downsizers, or anyone looking to avoid the renovation costs and older infrastructure typical of Winnipeg's housing stock. The trade-off is a compact lot in a community where larger properties are the norm—so it may not suit those wanting a big yard, but it could work well for someone seeking lower upkeep and modern efficiency.

Five Possible FAQs

1. How does the property's assessed value compare to similar newer homes in the area?
The $327,000 assessment is well below the West Kildonan Industrial average of $443,000. This partly reflects the smaller lot size and square footage compared to older, larger homes in the community. However, newer construction often has lower deferred maintenance costs, so the effective value may be higher than the assessment suggests when factoring in future repair bills.

2. Why is the land area so much smaller than other homes in the community?
This property was built in 2019, when new subdivisions often prioritize narrower lots and higher density. The 2,066 sqft lot is typical of newer infill or modern planned developments, not the older, more spacious lots common in West Kildonan Industrial. It's a deliberate design choice that reduces yard work but limits expansion or gardening potential.

3. Is the lower-than-average listing price a red flag?
Not necessarily. The lower valuation is driven by lot size and neighborhood position, not by the home's condition. A 2019 build is relatively young, so major systems (roof, mechanicals, windows) should have many years of life left. Buyers should still get an inspection, but the low price relative to the community average is likely a reflection of size and location, not defects.

4. How does this property hold up in a resale context?
Newer construction does not always appreciate faster than older stock, especially on a smaller lot. The resale market here would attract buyers who want modern finishes without the premium for land. Over time, the home's value growth may lag behind larger-lot properties in the same area, but it could also hold value better if newer homes remain scarce in Winnipeg's overall market.

5. What kind of ongoing costs should I expect compared to an older home?
Lower maintenance and energy costs are likely given the 2019 construction date (better insulation, modern windows, efficient systems). However, property taxes are based on the $327,000 assessment, which is below the community average, so tax bills should be moderate. Condo or HOA fees, if any, are not mentioned in this data, so buyers should confirm directly.