524 North Point Boulevard – Property Summary

Section 1: Key Characteristics, Appeal, and Ideal Buyer

This 1,505 sqft home was built in 2024, making it one of the newest properties in Winnipeg. On its own street, it ranks #2 out of 64 for year built (top 3%), and citywide it sits among the top 1% of homes by age. The assessed value is $408,000, which is above average for the street but roughly in line with the neighbourhood and city medians.

The living area is slightly above the street average and well above the citywide average, but the land area is notably small—2,671 sqft. In the immediate neighbourhood, most lots are larger, and citywide this lot ranks in the bottom 7% by size.

The main appeal here is the novelty and efficiency of a brand-new build on a modest lot, likely in a newer subdivision or infill development. It suits buyers who prioritize a modern, low-maintenance home with current finishes and systems over yard space or a larger property footprint. First-time buyers, downsizers, or investors looking for a newer asset with predictable upkeep would find this property well-aligned. It may be less appealing to families wanting a large outdoor area or anyone seeking character or established landscaping.

Section 2: Five Possible FAQs

1. How does the small land area affect use or value?
   The lot is significantly smaller than both the neighbourhood and city averages. This generally means less outdoor maintenance and a smaller yard, which can be a trade-off for a newer home. The assessed value remains competitive, suggesting the home's age and condition offset the smaller lot in the current market.

2. Is this home in a new development?
   The year built (2024) and the fact that many comparables on the street are also from 2022 or newer suggest this is a newer subdivision or an infill area within West Kildonan Industrial. You may want to check whether surrounding lots are still being developed and what future building plans exist nearby.

3. How does the assessed value compare to similar newer homes?
   The assessment is above the street average ($375,400) but below the neighbourhood average ($442,900). This likely reflects the smaller lot size relative to neighbours, even though the house itself is new. Citywide, it sits near the median for comparable homes, indicating fair pricing.

4. What does "West Kildonan Industrial" as a neighbourhood mean for living here?
   The name suggests a mixed-use area that may include light industrial or commercial properties alongside residential. It's worth verifying the immediate surroundings—whether the area is primarily residential, has nearby amenities, and how traffic or noise levels feel day-to-day.

5. Why is the property ranked higher on the street than in the broader neighbourhood or city?
   Rankings are relative to the comparison group. On this street, there are only 64 homes, so a high rank is easier to achieve. Neighbourhood and city rankings include many more properties, often with larger lots or higher assessments, which pulls this home's position down. The rankings are most useful when comparing within a similar context, not across very different areas.