34 Ara Way – Property Summary

Key Characteristics & Buyer Profile

This is a brand-new home, built in 2024, on a 4,251 sqft lot in Winnipeg’s West Kildonan Industrial area. Its living area of 1,674 sqft sits slightly below the average for its own street but well above both the neighbourhood and citywide averages. The assessed value of $515,000 reflects that – it’s roughly in line with other homes on Ara Way, but significantly higher than most homes in the wider area.

The appeal here is balance. You get a newer, more spacious interior than typical for the neighbourhood and city, without paying a premium over comparable houses on the same street. The land itself is generous by local standards (top 20% on the street) but modest compared to older Winnipeg properties, which tend to have larger lots. The home isn’t the biggest on the block, but it is the newest – and that matters for buyers who want modern construction, lower maintenance, and energy efficiency from the start.

This property suits buyers who prioritize a turnkey, recently built home in an established but evolving neighbourhood. It’s a good fit for families or professionals who want more square footage than the city average offers, but don’t need the extra land that comes with an older home. The location likely appeals to those who work in or near the north end of Winnipeg and want a house that’s competitive with newer subdivisions but grounded in a more mature area.

Frequently Asked Questions

1. How does the assessed value compare to what I’d actually pay?
The assessed value is $515,000, which ranks around the middle on Ara Way but well above the neighbourhood and city averages. Assessments are based on market conditions as of a specific date, so the actual sale price may vary. However, being “around average” on the street suggests the pricing is realistic for this pocket.

2. Is the lot size small compared to other homes in Winnipeg?
It depends on what you’re used to. At 4,251 sqft, this lot is above average for the neighbourhood and the street, but well below the citywide average of 6,570 sqft. That’s typical for newer infill homes – they trade a bigger yard for a newer house in an established area.

3. Why is the home’s rank on the street lower for living area than for assessed value?
Living area on Ara Way averages 1,741 sqft, so this home is slightly smaller than many of its immediate neighbours. But its assessed value is $515,000 versus a street average of $509,800 – essentially on par. That suggests the home’s newer construction and finishes are compensating for the slightly smaller footprint.

4. Is West Kildonan Industrial a residential neighbourhood?
Despite the name, this area includes established residential streets like Ara Way. The industrial zoning mostly applies to nearby commercial corridors. For homebuyers, the practical effect is often lower land prices than purely residential subdivisions, which can mean better value for a new build.

5. What does “comparable homes” mean in these rankings?
The data compares this property to homes with similar characteristics – likely single-family detached houses – within the same street, neighbourhood, and city. It’s not comparing a 1,674 sqft house to a 500 sqft condo or a 3,000 sqft estate, so the rankings give a fair picture of how this home stacks up against its actual competition.