517 North Point Boulevard – Property Summary

Key Characteristics & Buyer Profile

This 1,389 sqft home, built in 2022, sits on a 2,984 sqft lot in West Kildonan Industrial. Its standout feature is the year built – ranking in the top 1% citywide, which puts it among the newest homes in Winnipeg. The lot size is notably larger than average for the immediate street (top 14%), though below average citywide, which is typical for newer developments where lots tend to be smaller but more efficiently used.

The assessed value of $403k sits slightly above the street average but below the neighbourhood average, meaning you're paying a modest premium for the street itself rather than for the broader area. The living area is close to both street and city averages – not oversized, but functional and in line with what most buyers look for.

Where the appeal lies: The combination of recency (brand new a couple years ago) and a larger-than-typical lot for the street gives this property a practical advantage. You get modern construction with slightly more outdoor space than neighbours, without paying for an overly large house you don't need.

Best suited for: First-time buyers or small families who want a newer home without the premium of a fully detached house on a large city lot. Also a solid fit for someone who values low maintenance (new builds require less immediate upkeep) and wants a property that compares well with other new construction on the street, rather than trying to match older, larger homes in the neighbourhood.

Frequently Asked Questions

1. Why is the assessed value above street average but below neighbourhood average?
The street itself has slightly lower-valued homes than the broader West Kildonan Industrial area. This property's value is above the street median, but the neighbourhood includes older, larger homes (average age 2021, but with bigger lots) that push the area average higher. You're paying for a premium position on this particular street, not for the whole neighbourhood.

2. How does the 1,389 sqft living area compare to other new builds in Winnipeg?
It's almost exactly at the citywide average for comparable homes (1,342 sqft). For a 2022 build, this is a standard, efficient footprint – not cramped, but not sprawling. The advantage is that you're not paying for square footage you don't use, which keeps both the purchase price and future utility costs manageable.

3. Is the 2,984 sqft lot a benefit or a limitation?
It depends on your priorities. On the street, it's well above average (top 14%), giving you more yard space than most neighbours. Citywide, it's small (top 90%) because Winnipeg has many older homes on much larger lots. For a newer home, this lot is generous – you get a usable yard without the maintenance burden of a half-acre property.

4. What does "top 1% citywide for year built" actually mean in practical terms?
Out of nearly 200,000 properties in Winnipeg, only about 2,800 are newer than this home. That means you're buying one of the newest houses in the entire city. You'll have modern building codes, energy efficiency standards, and materials that won't need replacing for years. It also means any issues with the home are likely still under warranty.

5. How does this property rank against homes on the same street overall?
It's above average for both assessed value (top 28%) and lot size (top 14%), average for living area, and about average for year built (top 55%, since many homes on this street are also relatively new). So you're getting a property that's slightly better than the street median in key metrics, without being an outlier that feels out of place.