28 Libra Street – Property Summary

Key Characteristics & Buyer Profile

This is a 2021-built home with 1,342 square feet of living space on a 2,557-square-foot lot. Its standout feature is the construction year: the home is ranked #1 on Libra Street (top 2% citywide) for being newly built, which gives it a clear advantage over the surrounding older housing stock. The assessed value of $380,000 sits close to the street average and slightly below the neighbourhood average, reflecting solid but not exceptional market positioning.

The living area is slightly below the neighbourhood median (1,591 sqft) but aligns closely with the citywide average. The lot is noticeably smaller than typical for the area—ranking in the bottom 20% locally and bottom 6% citywide—which is common for newer infill builds in established neighbourhoods.

The appeal lies in getting a modern, recently built home in a mature area where most houses are decades older. This makes it suitable for buyers who prioritize energy efficiency, lower maintenance, and contemporary finishes over large yards or sprawling interior space. It would work well for first-time homeowners, downsizers, or investors looking for a relatively turnkey property in a convenient location. Someone wanting a bigger lot or more square footage in the same area would need to look at older, likely unrenovated properties.

Frequently Asked Questions

1. How does this property compare to typical homes in West Kildonan Industrial?
It's newer than about 70% of homes in the neighbourhood, but smaller in both living area and lot size. The assessed value is roughly $63,000 below the neighbourhood average, which partly reflects the reduced square footage and lot dimensions.

2. Is the assessed value of $380,000 a reliable indicator of market price?
It's a starting point, not a guarantee. The home ranks near the middle of streets in the area (52nd percentile) and slightly below the citywide average. Recent sales of comparable 2021-built homes nearby would give a clearer picture, but the assessment suggests this is a competitively priced property relative to its immediate surroundings.

3. Why is the lot size so much smaller than the citywide average?
The citywide average lot size is heavily influenced by older suburban and rural properties. In established inner-ring neighbourhoods like West Kildonan Industrial, lots tend to be smaller. This is a typical infill lot—enough for a home and a modest yard, but not for extensive outdoor space.

4. How does the 2021 build year affect insurance and maintenance costs?
Generally, newer construction qualifies for lower insurance premiums and has fewer immediate maintenance issues. Builds from 2021 should meet modern building codes, including current insulation, electrical, and plumbing standards. However, the specific materials and workmanship of the individual builder would still matter—something a home inspection would clarify.

5. What does "below average" mean for the living area and lot rankings?
It simply means the home is smaller than most others in its neighbourhood for those metrics. For a buyer, this could be a trade-off: you get a newer house on a smaller footprint, which often means less yard work and lower utility bills, but also less space for large furniture or family gatherings. The rankings help you see where this property sits relative to its competition.