64 Libra Street – Property Summary

Key Characteristics & Buyer Profile

This 1,327 sqft home sits on a 2,556 sqft lot in the West Kildonan Industrial area of Winnipeg. Built in 2020, it's a relatively new property that ranks in the top 3% city-wide for construction year—meaning you're getting modern building standards, likely better insulation, and fewer immediate maintenance concerns compared to Winnipeg’s average home (built in 1966).

The assessed value is $372,000, slightly below the city average of $390,000. The property's living space is close to Winnipeg's typical size, though both its floor area and lot size are smaller than most homes in its immediate neighborhood. On Libra Street, it's in the lower third for square footage.

Where the appeal lies: This isn't a property that stands out on size. Its value is in being a newer, well-located residence in an area where most homes are older and larger—which can mean lower heating costs, less yard maintenance, and more predictable repairs. Buyers looking to avoid the quirks of an older Winnipeg home (old windows, outdated electrical, knob-and-tube wiring) will find that worthwhile. The assessment suggests the property is priced realistically relative to the street and city, but notably lower than the broader community average—possibly because it's smaller than neighboring lots, not because it's in poor condition.

Who it suits: First-time buyers who want a turnkey property without a massive yard to manage. Also, downsizers moving from a larger older home who want something newer and more efficient but aren't ready for a condo. It could work for investors targeting the rental market for young professionals or small families who prefer a newer build over space. Less ideal for someone seeking a large garden, a workshop, or a home that ranks high on lot size.

Frequently Asked Questions

1. How does the property's size compare to typical Winnipeg homes?
The living area is 1,327 sqft, which is almost exactly the city average (1,342 sqft). The lot is smaller—2,556 sqft compared to Winnipeg's average of 6,570 sqft. So it's typical inside, but on a compact lot.

2. Is the assessed value of $372,000 a reliable indicator of market price?
Assessments are a baseline used for property tax calculations. They don't always match market price, but in this case, the assessment is close to the street average ($377,000) and slightly below the city average. It suggests the property is not overvalued relative to its location and size.

3. How new is the construction, and does that matter in Winnipeg?
Built in 2020, it's newer than 97% of homes city-wide. In Winnipeg's climate, this means better insulation, modern windows, and newer mechanical systems—things an older home would likely need upgrading. It also likely meets current building codes for energy efficiency.

4. Why is the lot size so small compared to the neighborhood?
It's in the bottom 17% on Libra Street and the bottom 83% in West Kildonan Industrial. That's a trade-off for a newer build: newer subdivisions often have smaller lots to maximize density. If you want space for gardening, sheds, or expansion, this property won't offer that. But less yard means less upkeep.

5. What kind of resale value should I expect?
Hard to predict directly, but the property is already smaller than its neighbors on both lot and living area. That could limit appreciation compared to larger homes on the same street. However, its recent construction means it may hold value better than older homes that need major repairs. The balance will depend on whether the neighborhood becomes more desirable over time.