486 North Point Boulevard – Property Summary

Key Characteristics & Buyer Profile

This is a relatively new home, built around 2022, in Winnipeg’s West Kildonan Industrial area. The living area is slightly below average for both its street and the broader neighborhood, but still consistent with citywide norms. The land parcel is modest—about 2,463 square feet—ranking below average at the street, neighborhood, and city levels. The assessed value of $91,000 is markedly lower than comparable homes on the same street ($375,400), in the neighborhood ($442,900), and across Winnipeg ($390,100).

The property’s appeal lies in its newness and affordability relative to its surroundings. A newer build means fewer immediate maintenance concerns and modern construction standards, but the low assessed value may reflect a smaller footprint or a location within a less developed part of the industrial zone. This property likely suits first-time buyers or investors looking for a low-entry-cost newer home in a transitional area, or someone willing to trade lot size and prestige for a move-in-ready property without the premium attached to newer builds in more established neighborhoods. It’s less suited for buyers prioritizing outdoor space or resale value tied to land.

Frequently Asked Questions

1. Why is the assessed value so much lower than the neighborhood average?
Assessed value reflects the municipality’s estimate of market value based on recent sales, property condition, and characteristics like living area and lot size. Here, the low assessment stems from a combination of a smaller-than-average land area and a living area that’s below the neighborhood median, plus possible market factors in this specific part of West Kildonan Industrial.

2. What does "Top 100%" in the rankings actually mean?
It means the property ranks among the lowest in that category. For example, being ranked #65 out of 64 on the street (Top 100%) indicates it’s the lowest-ranked property for assessed value on that street. The bar fill and tier color (red/blue/amber/gray) visualize how many comparable homes you outperform—here, very few or none.

3. Is the small land area a problem for future resale?
It depends on what buyers in this area value. In Winnipeg overall, larger lots tend to sell at a premium, but a newer home on a smaller lot can still attract buyers who prioritize low upkeep and a modern interior. The land size does limit potential for additions or major landscaping, which may narrow the buyer pool.

4. How does this property compare to typical new builds in Winnipeg?
Most new suburban builds in Winnipeg have larger lots (often 3,000–5,000 sqft) and higher assessed values. This property is smaller than the average new build in the city, but its 2022 construction date is newer than the citywide average of 1966, offering a much more modern interior and systems.

5. What should I know about the "West Kildonan Industrial" neighborhood?
This is primarily an industrial and commercial zone, not a typical residential suburb. While there are some homes, the area is mixed-use with warehouses, light industry, and limited amenities like parks or schools within walking distance. Buyers should verify current zoning, noise levels, and future development plans before purchasing.