Here is a clean, standalone summary of the property at 7 Libra Street in Winnipeg.

Key Characteristics & Buyer Profile

This home offers a notable contrast in value. At 1,553 sq. ft. of living space, it ranks elite on its street (top 2%) and above-average citywide. The trade-off is a smaller lot—2,869 sq. ft. is generous for the immediate street (top 7%) but well below the citywide average for comparable homes. Built in 2020, the home is new enough that it places among the newest 3% of all similar properties in Winnipeg.

The assessed value of $390,000 sits roughly at the street average and citywide average, but notably below the neighborhood average of $442,900. This gap is the property’s core appeal: you get a recently built home on a street with larger floor plans than most, without paying a premium for the surrounding area. The disconnect between the high street-level ranking and the more modest neighborhood standing suggests the street itself is an anomaly—a pocket of newer construction within an established or lower-valued area.

Who this suits: A buyer who prioritizes interior space and a modern build over a large yard or a trendy neighborhood name. Ideal for someone who wants a move-in-ready home on a quiet street without the inflated price tag of the broader neighborhood. Less suited to buyers seeking a large private lot or a location where neighboring properties match or exceed the assessed value of this one.

Five Frequently Asked Questions (FAQs)

1. Why is the assessed value high for the street but low for the neighborhood?
The street (Libra Street) has a relatively high average value ($377.3k), so this home’s $390k sits comfortably above that. But the broader West Kildonan Industrial neighborhood average is $442.9k, meaning many homes nearby are worth more. This home is a relative bargain compared to its neighbors, but a premium choice on its own block.

2. How does the lot size compare to other local properties?
On Libra Street, this lot is one of the largest (top 7%, average 2,747 sq. ft.). However, the neighborhood average is 3,839 sq. ft., and the citywide average for comparable homes is 6,570 sq. ft. You get ample space relative to direct neighbors, but not much yard by Winnipeg standards.

3. Is the construction year a selling point?
Yes. Built in 2020, it’s citywide elite (top 3% among comparable homes, average build year 1966). On its street and in the neighborhood, it’s considered average because most homes there are also recent (2020–2021). This means you get a modern floor plan without standing out negatively among your immediate peers.

4. How does the living area stack up against other homes nearby?
The 1,553 sq. ft. layout is larger than the street average (1,412 sq. ft.) and the citywide average (1,342 sq. ft.), but slightly smaller than the neighborhood average (1,591 sq. ft.). You’re getting a home that feels spacious compared to most similar Winnipeg properties, but not oversized within West Kildonan Industrial.

5. What does the “top 91%” ranking for lot size citywide really mean?
It means this lot is in the bottom 10% citywide—only 9% of comparable homes have smaller lots. That’s a clear signal: if you value a generous yard, this property is not a strong match. The lot is only generous relative to the specific street, not Winnipeg as a whole.