47 Taurus Way — Property Summary

Key Characteristics & Ideal Buyer Profile

This is a newer single-family home (built 2021) on a lot of 4,723 square feet, with 1,871 square feet of living space and an assessed value of $519,000. What stands out is how the property compares across different scales. On its own street, Taurus Way, it sits roughly in the middle of the pack—average for lot size and assessment, and just around the median for living area. But zoom out to the neighbourhood (West Kildonan Industrial) and the city of Winnipeg, and the picture shifts. The home ranks in the top 18% locally and top 17% citywide for assessed value, and the living area is above average in both the neighbourhood and city. The build year is the strongest stat: it ranks in the top 2% citywide, meaning this is one of the newer homes in the broader market.

The appeal here isn’t about being the biggest or most expensive on the block. It’s more about consistency and recency. A buyer gets a home that holds its own against newer builds nearby, while offering a living area that beats the city average by a notable margin (1,871 sqft vs. 1,342 sqft citywide). The lot is modestly sized—slightly under the street average but larger than most in the neighbourhood. This makes sense for someone who wants outdoor space without the upkeep of a sprawling yard.

This property would suit a buyer who values a newer, low-maintenance home in a solid neighbourhood, and who is less concerned with being the top property on the street. It’s a strong fit for a growing family looking for above-average square footage, or for someone relocating to Winnipeg who wants a relatively recent build without the premium of a brand-new custom home. It also works for buyers who plan to hold long-term, as newer construction tends to track well with citywide appreciation trends.

Frequently Asked Questions

1. How does this property compare to others on Taurus Way?
It’s generally in the middle range for the street. The lot size, living area, and assessed value all fall within the average band, though the home is one of the newer ones on the block (built in 2021, ranking 3rd out of 39 on the street). So neighbours are a mix of similar and slightly older homes.

2. Is the assessed value of $519,000 close to market value?
Assessed value in Winnipeg is based on a city-wide valuation, not necessarily the current sale price. It gives a baseline, but market value will depend on condition, upgrades, and demand at time of sale. This home sits slightly below the street average for assessment, which may suggest conservatism in the city’s valuation more than a discount.

3. What’s the neighbourhood like in West Kildonan Industrial?
Despite the name, this area is primarily residential, with a mix of older and newer homes. It’s close to the Red River and Kildonan Park, and offers decent access to main routes. The neighbourhood average for living area and lot size here is actually smaller than at the city level, so this home is on the larger side for the area.

4. How does the lot size affect the property’s value?
At 4,723 square feet, the lot is slightly below average for the street but above average for the neighbourhood. Citywide, it’s actually on the smaller side. Larger lots tend to rank better, but here the lot is not the standout feature. For most buyers, this is a manageable size—enough for a garden or play space, without the maintenance of a half-acre.

5. Why is the build year ranking so strong citywide?
Winnipeg has a large stock of older homes, many built in the mid-20th century. A home from 2021 places in the top 2% across the entire city. This means the property benefits from modern building standards, insulation, and mechanicals—something that tends to appeal to buyers who want to avoid renovation costs or older system replacements.