55 Libra Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1,553 sqft home built in 2020 on a 2,868 sqft lot. Its standout feature is location within an elite street: Libra Street ranks in the top 2% citywide for living area and top 4% for assessed value among comparable homes. The property itself is newer than 97% of homes across Winnipeg, though it sits in the West Kildonan Industrial neighbourhood, which is more middle-of-the-pack in terms of size and value.

The appeal lies in the contrast. You get a relatively modern, well-sized house on a street that clearly performs well compared to others, but at a price point that doesn't reflect a premium neighbourhood premium—the assessed value of $400k is actually below the neighbourhood average of $442.9k. That’s unusual. The lot is small by city standards (bottom 9%) but typical for the immediate street. This isn't a sprawling family estate; it's a efficient, newer home in a location that punches above its weight.

Who it suits: Buyers who prioritize a modern build and a strong street-level ranking over a large lot or a trendy neighbourhood name. It’s ideal for someone who wants a move-in-ready home that feels newer, in a street that's likely to hold its value relative to others. Less suited to those wanting a big yard or a prestigious neighbourhood reputation—the street is elite, but the surrounding area is average.

Five Possible FAQs

1. How does the assessed value compare to the rest of the street?

The property is assessed at $400k, ranking 2nd out of 46 homes on Libra Street (top 4%). The street average is $377.3k, so this home is valued above the street norm, which aligns with its larger-than-average living area on that street.

2. What’s the neighbourhood like?

West Kildonan Industrial ranks around the middle (#372 out of 664 neighbourhoods) for both living area and assessed value. It's not a standout district, but it’s not below average either. The home’s street is the primary differentiator here, not the broader area.

3. Is the lot considered small?

By citywide standards, yes—it ranks in the bottom 9% (top 91%) at 2,868 sqft. The city average is 6,570 sqft. However, on Libra Street itself, the lot is above average (top 28%), meaning it’s a normal or slightly generous size for this specific street.

4. How does the build year affect the property’s ranking?

Built in 2020, the home is newer than 97% of all comparable homes in Winnipeg, which have an average build year of 1966. On Libra Street and in the neighbourhood, it's essentially average—most nearby homes were also built around 2020–2021. So it’s modern locally, but exceptionally new compared to the city overall.

5. What does "Elite" ranking on the street actually mean for resale?

A top-2% ranking on Libra Street suggests the home is among the best on that street in terms of living area. This can be a strong point for resale, as it implies the property is a standout within its immediate context. However, since the neighbourhood ranking is only average, the home’s value will likely be more influenced by the street’s reputation than the broader area.