416 North Point Boulevard – Property Summary

Key Characteristics & Buyer Profile

This is a newly built home (2024) in the West Kildonan Industrial area of Winnipeg. At 1,327 square feet of living area on a 2,079-square-foot lot, it's a compact house that prioritizes modern construction over land. The assessed value of $356,000 sits slightly below the street average ($375K) and the citywide average for comparable homes ($390K), which makes it relatively affordable for a brand-new build.

The property's real strength is its age. Citywide, 77% of homes were built before 2000, and the median year built is 1966—this house ranks in the top 1% for newness across the entire city. That's the main draw: you get a zero-maintenance, up-to-code structure in a market where newer construction is rare.

The trade-off is land. The lot is small (bottom 1% citywide), and both the land area and living area are below neighborhood averages. This isn't a house for someone looking for a big yard or room to expand. It's best suited for buyers who value efficiency, don't want renovation headaches, and prefer to spend on location or finishes rather than square footage. First-time buyers, downsizers, or investors looking for a low-fuss rental would find it practical. Families needing space or hobbyists wanting a large workshop should look elsewhere.

Five Possible FAQs

1. How does the assessed value compare to recent new builds in the area?
The assessed value is $356K, which is about 20% below the West Kildonan Industrial neighborhood average of $443K. That gap is partly due to the smaller living area and lot size—neighbors tend to have bigger houses on more land. However, it's also a newer home than most in the area (neighborhood average year built is 2021), so you're not paying a premium for age.

2. Is the small lot a dealbreaker for resale?
It could be for certain buyers, but the fact that the house itself is new offsets it somewhat. Lots under 2,100 square feet are common in denser parts of Winnipeg, and this home sits in a street where the average lot is 2,598 sqft, so it's not an outlier. Resale will depend more on how the interior and location hold up than the land alone.

3. What does "West Kildonan Industrial" mean for the neighborhood feel?
It's a mixed-use area with industrial and residential properties nearby. This isn't a quiet suburban enclave with large yards—expect more traffic, less green space, and closer proximity to commercial buildings. That said, it also means quicker access to major routes and services, and property values here are lower than purely residential zones.

4. How energy-efficient or cost-effective is a 2024 build compared to older homes?
New builds typically have better insulation, modern windows, and more efficient HVAC systems, so heating and cooling costs should be lower than the city average. Winnipeg's older housing stock (median 1966) often needs significant upgrades. You'll likely save on utilities and avoid immediate repair costs, though property taxes may be slightly higher due to the newer assessment.

5. What are the closest amenities (shopping, schools, transit)?
The property is in West Kildonan, close to Main Street and the Perimeter Highway. Shopping is available at Garden City Shopping Centre (a 10-minute drive), and there are several schools within a few kilometers. Public transit routes run along Main Street, but this area is car-dependent overall. For specific distances, it's best to check the neighborhood map linked in the full listing—walkability is limited.