53 Lyra Gate – Property Summary

Key Characteristics & Buyer Profile

This is a newer, relatively compact home on an elite street within a neighbourhood that is still developing. Built in 2018, it ranks in the top 5% city-wide for newness—most homes in Winnipeg were built in 1966. On Lyra Gate itself, it’s the newest house and also the largest by living area (1,368 sqft), beating the street average of 1,232 sqft. The assessed value of $352,000 sits slightly above the street average but well below the neighbourhood average of $442,900, which suggests surrounding homes are either older, larger, or on bigger lots. The land is small (2,359 sqft), ranking in the bottom 3% city-wide, so outdoor space is limited.

The appeal lies in getting a nearly new, move-in-ready home on a street where few comparable options exist. For buyers who prioritize a modern build and lower maintenance over square footage or a large yard, this property stands out. It would suit first-time homeowners, downsizers, or anyone who wants a low-upkeep home in a rising area without paying a premium for land. The contrast between the street’s high rankings and the neighbourhood’s below-average stats hints at a pocket of newer infill homes surrounded by older, more varied housing—worth checking in person to see if the immediate block feels established or transitional.

Five Possible FAQs

1. Why is the assessed value lower than the neighbourhood average?
The neighbourhood average ($442,900) is pulled up by older, larger homes on bigger lots in West Kildonan Industrial. This property’s smaller land area and living space bring its value down relative to that group, but it’s priced competitively for its street and age.

2. How does the living area compare to similar homes nearby?
On Lyra Gate, this is the largest home (1,368 sqft vs. street average of 1,232 sqft). In the wider neighbourhood, it’s smaller than average (1,591 sqft), so you’re getting more space than your immediate neighbours but less than many homes in the area.

3. Is the small lot a concern for resale?
It depends on the buyer. Land area ranks in the bottom 3% city-wide, which may deter people wanting a large yard or future expansion. But for buyers seeking a newer home with minimal outdoor upkeep, the small lot can be a plus. Resale will likely depend on how the neighbourhood matures.

4. What does “elite” street ranking mean for this property?
The street ranking compares only the 22 homes on Lyra Gate. This home ranks #1 for living area and newness, and #3 for assessed value. It’s the standout property on its street, but that doesn’t necessarily translate to the broader market—it’s more about local desirability.

5. Should I be concerned that the neighbourhood is “below average” in living area and land?
Not necessarily. “Below average” here means the property is smaller than many others in West Kildonan Industrial, not that the area is undesirable. Many newer infill homes in older neighbourhoods show similar patterns. The key is whether the immediate surroundings meet your expectations—a quick visit will tell you more than the stats.