Property Summary: 512 North Point Boulevard

Key Characteristics & Ideal Buyer Profile

This is a 2023-built home with 1,213 square feet of living space on a 2,675-square-foot lot, assessed at $371,000. Its standout feature is age: built in 2023, it ranks in the top 1% citywide for newness, meaning it’s newer than 99% of Winnipeg homes. That’s the property’s main draw—move-in readiness without the compromises of an older house (no knob-and-tube wiring, no knob-and-tube worries, no immediate roof or furnace replacements).

The trade-off shows up in living area and land. At 1,213 square feet, it’s below average for its street and neighborhood, though right at the citywide median. The lot is 2,675 square feet—small by city standards (bottom 7% citywide), but typical for newer infill builds in this part of West Kildonan Industrial. The assessed value hangs around the street and city averages, meaning the price isn’t inflated for the square footage or the land. You’re paying a premium for the new construction, not for space.

This property suits buyers who prioritize a turnkey, low-maintenance home over square footage or a large yard. First-time buyers wanting something that won’t need work for a decade, downsizers who are tired of yardwork, or anyone who values energy efficiency and modern finishes over character or elbow room would find it appealing. It would be a less obvious fit for someone wanting a big garage or workshop space, or a family that needs room to spread out.

Frequently Asked Questions

1. How does the assessed value compare to similar new builds in the area?
The $371,000 assessment sits near the street average ($375.4k) and slightly below the citywide average ($390k). However, the neighborhood average is significantly higher at $442.9k, likely because West Kildonan Industrial includes older homes on larger lots that drive the median up. This suggests the property is priced in line with other new, modestly sized homes nearby, not overvalued relative to the immediate street context.

2. The living area is below average for the street—does that make it harder to resell?
On this street, most homes are around 1,400 square feet, so this one is a couple hundred feet smaller. It’s not drastic, and the premium is in the newness. Resale would depend on whether future buyers value that new construction as much as current ones do. If the neighborhood continues to see infill builds, the gap might matter less; if it shifts toward bigger homes, it could be a slight drawback.

3. What does “West Kildonan Industrial” mean for the neighborhood character?
The area is a mix of older single-family homes and newer infill, with some industrial and commercial zoning nearby. It’s not a full-on quiet suburb—there’s more traffic and mixed land use than a purely residential area. Buyers should check the specific block for noise and nearby businesses, as the neighborhood label covers a broad range of conditions.

4. Is the small lot a dealbreaker for things like gardening or outdoor storage?
At 2,675 square feet, the lot is compact—enough for a small patio or garden, but not for a big shed, multiple vehicles, or a playset. Citywide, most lots are more than double that size. Buyers with serious outdoor hobbies or a need for off-street parking for more than two cars will likely find it restrictive.

5. How does the property’s age (2023) affect insurance and maintenance costs?
A 2023 build typically means lower insurance premiums (modern wiring, plumbing, and structural standards) and minimal maintenance for at least the first 5-10 years. Appliances, roofs, and HVAC should all be under warranty or in excellent condition. The downside: you won’t have a track record of repairs yet, so some minor construction-settlement issues (drywall cracks, nail pops) may appear in the first year or two, which is normal for new builds.