51 Phoenix Way – Property Summary

Key Characteristics & Buyer Profile

This is a 1,524 sqft home built in 2018 on a 3,150 sqft lot, with an assessed value of $377,000. Its standout feature is age: city-wide, it ranks in the top 4% for newer construction, against an average build year of 1966. That makes it significantly newer than the vast majority of Winnipeg homes.

Living space is above average for its street (top 8%) and city-wide (top 29%), though roughly on par with the broader West Kildonan Industrial neighbourhood. The land, however, is where the property is most modest—it’s below average city-wide (top 86%), sitting on a lot that’s about half the citywide median. The assessed value holds around average across all three scopes, suggesting it’s priced in line with its immediate competition rather than being either over or under-valued relative to its street or neighbourhood.

What’s the appeal? The combination of a 2018 build with manageable size and a straightforward assessment makes it a low-surprise property. You get the benefits of a newer home—better insulation, modern mechanicals, lower immediate maintenance risk—without paying a premium for a huge lot or elaborate finishes. It’s practical, not flashy.

Who would it suit? First-time buyers who want something turnkey and don’t need a large yard. Also downsizers who are used to a newer home but want less square footage to maintain. It’s less suited to anyone looking for land value appreciation or a spacious lot for additions, garages, or gardening.

Frequently Asked Questions

1. How does the lot size compare to typical Winnipeg homes?
It’s noticeably smaller. The citywide average land area for comparable homes is 6,570 sqft—this lot sits at about half that. On its street, however, it’s above average (top 14%), so the immediate neighbours tend to have similarly compact lots. If you’re expecting a deep backyard, this isn’t it.

2. Is the assessed value likely to increase soon?
The assessment is around average for the street and slightly below the neighbourhood average ($377k vs $442.9k). That gap isn’t huge, but it does mean the property isn’t pushing upward pressure on its block. Value growth would depend more on broader market trends in West Kildonan Industrial than on any unique upside here.

3. How old are the neighbouring homes?
The street average build year is 2019, and the neighbourhood average is 2021, so the 2018 build fits right in. City-wide, however, most homes are decades older. That means this property sits in a pocket of newer construction, which could help with resale appeal as the area ages.

4. What’s the living space like for a home this age?
At 1,524 sqft, it’s above average for the street and city but right around average for the neighbourhood. It’s not a compact home, but it’s also not spacious by newer-build standards. Likely a three-bedroom, two-bathroom layout typical of early-2000s-to-late-2010s suburban infill.

5. Does the “below average” city-wide land ranking matter?
It depends on your priorities. If you want a low-maintenance yard and higher energy efficiency, the smaller lot is actually a benefit. If you’re hoping to build an extension or a large detached garage, you’ll have limited room. The ranking mostly matters if you’re comparing this to older homes with deep lots—otherwise, it’s a neutral feature.