525 North Point Boulevard – Property Summary

Key Characteristics & Buyer Profile

This is a newly built home (2022) in Winnipeg’s West Kildonan Industrial area, with 1,470 sq ft of living space on a 2,984 sq ft lot. What stands out most is how the property compares across different scales:

• Living space is slightly above the city average (1,342 sq ft) and roughly in line with others on the same street. It’s not a large home by community standards (where the average is 1,591 sq ft), but it’s solidly mid-range city-wide.
• Land size is generous for the immediate street (top 14%), but well below the city average. This is typical for newer infill construction—you get a manageable yard, not a sprawling lot.
• Assessed value sits at $443,000, which is notably high for the street (top 6%) but right at the community average. This suggests the home is one of the more valuable properties on its block, but not out of step with the surrounding neighbourhood.
• Build year is a clear strength. At just two years old, it’s newer than 99% of homes city-wide. That means modern construction standards, updated systems, and less immediate maintenance.

Who it suits: Buyers who want a newer, move-in-ready home without the premium of a major renovation project. It’s a good fit for someone who values efficiency and lower upkeep over character or a large lot. The house sits in a part of town where the housing stock is older on average, so it offers a contrast to nearby properties. It may also appeal to those who want to be on a street where assessed values are climbing—this home is already above its immediate neighbours in that regard.

Frequently Asked Questions

1. How does the property’s size compare to similar homes nearby?
Living area is about average for the street but smaller than the typical home in the wider West Kildonan Industrial community. The lot is larger than most on this block, but small relative to the city average—a trade-off common with newer builds.

2. Is the assessed value of $443,000 a fair reflection of the market?
It aligns with the community average, suggesting the assessment is consistent with the local market. The home is valued higher than most on its street, which could indicate it’s one of the nicer or better-maintained properties in that immediate area.

3. How old is the property, and what does that mean for maintenance?
Built in 2022, so it’s essentially new. Roof, furnace, windows, and major systems are all recent. You’re unlikely to face big-ticket repairs in the short term, which is a meaningful advantage over most homes in Winnipeg (average build year is 1966).

4. Why is the land size listed as “above average” on the street but “below average” city-wide?
The street has relatively small lots (average 2,598 sq ft), so this property stands out there. But across Winnipeg, lots are much larger on average (6,570 sq ft), partly due to older homes and suburban sprawl. The city comparison highlights that this is a compact urban lot.

5. What type of buyer would find this home a poor fit?
Someone looking for a large yard, original character, or a long-established neighbourhood might prefer an older home. Also, if you want to be in a community where your home is comparable in size and value to most others, this street may feel like a mixed bag—the property is ahead of several neighbours on value, which could be a positive or a point of friction depending on your perspective.