68 Libra Street – Property Summary

Key Characteristics & Buyer Profile

This is a 2021-built home with 1,386 sq ft of living space on a 2,556 sq ft lot. Its assessed value is $359,000.

The property's strongest point is its age. It's the newest house on Libra Street (top 2% city-wide), which means modern construction standards, likely better insulation and mechanicals, and less immediate maintenance than the average Winnipeg home built in 1966. The living space sits right around the average for both the street and city, so it's a straightforward, functional layout without feeling cramped or oversized.

Where it appeals is to someone who values a newer, efficient home over a large yard or a prestigious address. The lot is small—bottom 13% on the street and bottom 6% city-wide—so there's not much outdoor space for gardening, large gatherings, or expansion. The assessed value is also below both the street and neighbourhood averages, which could mean lower property taxes relative to neighbours, but may also reflect less square footage or a less premium location within the area.

This property would suit first-time buyers, downsizers, or investors looking for a low-maintenance, modern home in a solid middle-of-the-pack neighbourhood. It's less ideal for families wanting a big yard or someone seeking a "fixer-upper" with upside potential from renovations. The house is already done—you're paying for what's there, not for future potential.

Five Possible FAQs

1. How does this home's size compare to others nearby?

It's almost exactly average for the street (ranked 23rd out of 46) and slightly below the neighbourhood average. For the city as a whole, it's in the top 36% for living area—so it's a solidly mid-sized home, not small, not large.

2. Is this property a good deal for the assessed value?

The assessed value is below the street and neighbourhood averages, which means your property taxes will likely be lower than many neighbours. But "good deal" depends on what you're after. If you want a newer home without paying a premium for a big lot or a top-tier location, the value is reasonable. If you're expecting rapid appreciation from a low-priced entry point, you might want to check recent sale prices in the area—assessment alone doesn't tell the full market story.

3. Why is the land area so small, and does that matter?

The lot is smaller than average for the street, neighbourhood, and city. This is common with newer infill homes or compact subdivisions where land is at a premium. It matters if you want a big backyard for kids, pets, or gardening. If you just need parking and a small outdoor space, it's fine. Also, smaller lots usually mean less yard maintenance and lower water bills.

4. What does the "combined rankings" system actually tell me?

Each ranking compares this property to others in three groups: same street, same neighbourhood (West Kildonan Industrial), and all of Winnipeg. The progress bar shows what percentage of comparable homes it beats. For example, a bar at 98% for build year means it's newer than 98% of homes city-wide. The colour gradient (red to blue) just makes it easier to see at a glance—blue means strong in that category, red means weaker. It's a relative snapshot, not a score out of 10.

5. Should I be concerned that the assessed value is lower than the neighbourhood average?

Not necessarily. A lower assessed value can mean lower taxes, which is a plus. But if you're buying, the sale price may differ from the assessed value—especially in a hot market. If the sale price ends up significantly higher than the assessment, your taxes might increase after reassessment. It's worth checking recent sales on Libra Street or nearby to see what buyers have actually paid. Lower assessment relative to neighbours doesn't mean the house is a bad investment—it could just reflect a smaller lot or less square footage.