63 Libra Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1,520 sqft home built in 2020, sitting on a 2,868 sqft lot in the West Kildonan Industrial area of Winnipeg. The property ranks well above average for living space on its street (top 17%) and across the city (top 29%). Its assessed value of $385,000 is slightly above the street average but below the community average, which suggests it offers good value relative to newer or larger homes nearby. The build year puts it in the top 3% citywide, meaning it’s significantly newer than most Winnipeg homes (average build year is 1966). The lot size is modest—above average on the street but well below city norms—so the appeal here is efficient, modern square footage rather than sprawling grounds.

This home would suit buyers who want a relatively new, move-in-ready property in an established neighbourhood without paying a premium for extra land or oversized community averages. It’s a practical fit for those who prioritize interior space and modern construction over outdoor footprint. It might also appeal to buyers who want something that stands out on the street (larger living area, newer build) but remains competitively priced within the broader community.

Frequently Asked Questions

1. How does this home’s value compare to others in West Kildonan Industrial?
The assessed value is about 13% below the community average, while the living space is close to the community average. So you’re getting a typical amount of interior space for the area, but at a lower assessed price point—possibly reflecting the smaller lot or subtle differences in finish or location within the neighbourhood.

2. Why is the lot size ranked so low citywide if it’s above average on the street?
On Libra Street, lots tend to be compact (averaging 2,747 sqft), so this property’s 2,868 sqft lot is on the larger side locally. But citywide, typical lots in Winnipeg are much bigger (6,570 sqft average), so the same lot ranks in the bottom 10% across the city. It’s not a small lot—it’s typical for the street—but expectations shift dramatically when compared to the whole city.

3. Is a 2020 build considered new for this area?
Very much so. Most homes in Winnipeg were built in the mid-1960s, so a 2020 construction places this property in the top 3% citywide. Within West Kildonan Industrial, the average build year is 2021, so it’s right in line with the newer homes in the community. It’s not unusual for the street, but it’s exceptionally new by broader city standards.

4. Does “above average” for living space mean this home feels spacious?
Above average relative to comparable homes on the same street and citywide—yes, it’s bigger than most. But “spacious” depends on layout and personal needs. At 1,520 sqft, it’s a solid size for a couple or small family, but not oversized. The rankings suggest efficient use of space rather than generous proportions.

5. What kind of ongoing costs should I expect?
The assessed value of $385,000 gives a rough basis for property taxes, but actual rates vary by municipality. The home’s age (2020) typically means newer systems and better insulation, which can keep utility and maintenance costs lower than an older home. However, because the lot is small, yard upkeep is minimal, and the modern build should mean fewer surprise repairs in the short term.