60 Libra Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1,327 sqft home built in 2021 on a 2,556 sqft lot. What stands out most is the construction year: it's one of the newest homes on Libra Street (ranked #1 out of 46) and within the top 2% citywide for age. The living area and assessed value ($370k) sit slightly below the street and neighbourhood averages, but are right around the middle of the pack for Winnipeg as a whole. The lot is notably smaller than typical for the area—ranking in the bottom 6% citywide—which is common for newer infill builds where land is at a premium.

The appeal here is practical rather than aspirational. You get a modern build without paying a premium for extra square footage or a large yard. It suits buyers who prioritize a newer, low-maintenance home over space—first-time owners, downsizers, or anyone wanting to avoid the work that comes with an older property. The trade-off is clear: you trade land and interior size for a recent build in a street where most homes are decades older. It's a solid entry point for someone who wants "new" without stretching into a higher price bracket.

Five Possible FAQs

1. How does the assessed value compare to similar newer homes in Winnipeg?
The $370k assessment is around the citywide average for comparable homes ($390k), but it's notably lower than the West Kildonan Industrial neighbourhood average ($442.9k). That likely reflects the smaller lot size and living area relative to older, larger homes nearby.

2. Is the small lot a disadvantage for resale?
It depends on the buyer pool. In a neighbourhood where most lots are significantly larger (the average here is 3,839 sqft), a 2,556 sqft lot may limit appeal among families wanting outdoor space. But for buyers focused on a newer home with lower maintenance, the smaller lot is often a feature, not a drawback.

3. Why is the home ranked so high for year built but only average for value?
New construction tends to cluster in specific price tiers. Being in the top 2% citywide for year built means this home is among the newest in Winnipeg—but newness alone doesn't drive up assessed value if the size and location are modest. Value rankings are more influenced by living area and lot size, where this property is below average.

4. What does "neighbourhood map analysis" add that the summary doesn't?
It lets you see this property alongside nearby homes on a map, so you can directly compare lot shapes, street frontage, and how the house sits relative to neighbours. The data alone won't tell you if the yard feels cramped or if the street has a consistent character—the map helps fill that in.

5. How does this home compare to others built in 2021 within West Kildonan Industrial?
Within the neighbourhood, there are a number of homes built around 2021 (the neighbourhood average year built is actually 2021). So while this house is the newest on its street, it's not unusual for the broader area. The key difference is that many of those newer neighbourhood homes sit on larger lots—this one is more of a compact infill.