536 North Point Boulevard – Property Summary

Key Characteristics & Ideal Buyer Profile

This is a brand-new home built in 2024, putting it in the top 1% of properties citywide for age. In a market where the average Winnipeg home was built in 1966, that alone sets it apart. The living area is 1,505 square feet—generous for its immediate street (top 19%) but only slightly above the citywide average. The assessed value of $398,000 lands right around the middle for both the street and the city, meaning you’re not paying a dramatic premium for the new construction relative to nearby homes.

Where this property really stands out is the land area. At 3,170 square feet, it’s in the top 6% for its street and notably larger than the street average of 2,598 square feet. However, compared to the broader city, that lot is on the smaller side (bottom 15% citywide). This suggests the home sits on a relatively generous lot for its immediate area, but not one that competes with sprawling suburban or older established lots.

The appeal here is twofold. First, you get the peace of mind and modern finishes of a brand-new build without the usual wait or custom-build hassle. Second, you avoid the inflated price tag that often comes with new construction in high-demand neighborhoods—the assessed value suggests it’s priced in line with the area’s existing stock.

This home would suit a buyer who values newness and efficiency over sheer square footage or a massive yard. It’s a good fit for someone moving up from a starter home, a downsizer who still wants decent indoor space but less outdoor upkeep, or a buyer who prefers a straightforward, turnkey purchase in a neighborhood that’s still developing. It’s less suited for someone who wants a large private lot or a home in a historically established area with mature trees.

Frequently Asked Questions

1. How does the assessed value compare to similar new homes nearby?
The assessed value of $398,000 is slightly above the street average ($375,400) but well below the neighborhood average ($442,900). This suggests the immediate street is more affordable than the broader West Kildonan Industrial area, so you’re getting a new home at a price that’s competitive within its own block, not inflated by the neighborhood’s higher-end listings.

2. Is a 3,170-square-foot lot typical for a new build in Winnipeg?
Not really. Citywide, the average lot is about 6,570 square feet, so this is noticeably smaller. But on its own street, it’s actually one of the larger lots (top 6%). That means the street itself consists of smaller parcels, so this home gives you more outdoor space than your immediate neighbors while still being on a compact lot by city standards.

3. Why is the home’s rank much stronger on its street than citywide?
The street (North Point Boulevard) has a mix of older and newer homes, so a 2024 build stands out there. Citywide, it’s competing against everything from century-old houses to brand-new subdivisions, so the advantage narrows. The same logic applies to the lot size: the street averages smaller lots, so a 3,170-square-foot lot looks large locally but small citywide.

4. Does the “West Kildonan Industrial” neighborhood name mean this is an industrial area?
The neighborhood label reflects zoning and historical use, but the specific street and assessed values suggest a residential pocket within that broader district. The presence of new builds (top 1% for year built) and assessed values in line with residential averages indicates this is a residential development, not an active industrial zone. Always check the immediate surroundings in person.

5. What should I be aware of with a 2024 build that I might not know?
New builds often have lower property taxes initially (based on the land value before the house was completed), but reassessment can happen within a year or two, potentially raising your taxes. Also, while the construction is new, landscape and fencing are often not included, so budget for those. On the upside, you’ll have full warranties and modern energy efficiency, which older homes rarely offer.