44 Libra Street – Property Summary

Key Characteristics & Buyer Profile

This is a relatively new home (built 2021) with 1,298 square feet of living space on a 2,557-square-foot lot in Winnipeg's West Kildonan Industrial area. Its assessed value is $350,000.

Where the appeal lies: The property's standout feature is its age. It ranks in the top 2% citywide for newer construction, meaning it's substantially more modern than most Winnipeg homes (citywide average build year is 1966). On its own street, it's the newest house. This matters for maintenance expectations, energy efficiency, and general move-in readiness. The living area and assessed value are generally in line with city averages, though both fall below street and neighborhood medians. The lot is notably small—ranking in the bottom 6% citywide—which is the trade-off for the newer build in this particular location.

Who it would suit: First-time buyers or downsizers who prioritize a newer, lower-maintenance home over yard space. Someone who values modern construction standards and wants to avoid the renovation costs or deferred maintenance common in older Winnipeg housing stock. It's less suited for buyers wanting a large lot, a garden, or expansion space, or those looking for a home that sits above neighborhood value averages. The street itself shows below-average living area and value relative to the immediate area, which could indicate a transitional or mixed-character block—worth understanding in person.

Frequently Asked Questions

1. How does this home compare to others on Libra Street?
It's easily the newest home on the street (ranked #1 of 46 by year built), but it's below average in living area (40th out of 46) and assessed value (44th out of 46). So it's a bit smaller and valued lower than most of its immediate neighbors, but much newer.

2. Is the assessed value of $350,000 close to market value?
Assessed value and market value aren't the same thing, but they're related. The assessment suggests it's priced below both the street average ($377K) and neighborhood average ($443K). In a competitive market, the newer construction could command a premium; in a slower market, the smaller living area and lot size might limit upside. It's around average compared to similar homes citywide.

3. Why is the lot size considered "below average"?
The lot is 2,557 square feet. Citywide, the average for comparable homes is 6,570 square feet, and in the neighborhood it's 3,839 square feet. It's genuinely small by Winnipeg standards, which tend toward larger lots, especially in older areas. This means less outdoor maintenance but also less privacy and outdoor living space.

4. What is West Kildonan Industrial like as a neighborhood?
The neighborhood ranking data shows below-average living area, assessed value, and lot size compared to the broader West Kildonan Industrial area. The average home there is from 2021, so this is a pocket of newer construction. It's worth visiting to understand the actual character—whether it's more residential or truly mixed industrial/residential, and what amenities are nearby.

5. Would this home be a good investment?
That depends on what you're after. The newer build reduces the risk of major immediate repairs, which is a plus. But the small lot and below-average value ranking on the street suggest it may not appreciate as quickly as homes with more land or in stronger-demand areas. It could work well as a long-term starter home or a low-maintenance hold, but it's not an obvious flip or high-appreciation play based on this data alone.