83 Libra Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1,438 sqft home built in 2021, with a land area of 2,869 sqft and an assessed value of $382,000. Its standout feature is age: it's the newest house on Libra Street (top 2% street-wide) and ranks in the top 2% city-wide for year built, meaning almost everything else in Winnipeg is older. The living area is slightly above the street average and above the citywide average, but within the neighborhood it sits a bit below typical size. The assessed value is in line with street-level figures but notably below the neighborhood average of $442,900—suggesting the property may offer better value relative to surrounding homes. Land area is generous for the street (top 7%) but small by city standards, which reflects the newer infill nature of the development.

The appeal here is a newer, move-in-ready home in an established area, without the premium price tag that often comes with brand-new construction in a hot neighborhood. It suits buyers who prioritize a modern build and lower maintenance over a large lot or square footage. It would also appeal to someone looking for comparative value in West Kildonan Industrial—getting a recently built home at a price below the neighborhood norm. Investors or first-time buyers who want something that doesn't need immediate work should take a close look.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
On Libra Street, the $382,000 assessment is close to the street average of $377,300, but it's about 14% below the neighborhood average of $442,900. That gap is worth exploring—it could mean the home is priced more conservatively than its neighbors, or that recent sales in the wider area have pushed averages higher.

2. Is a 2,869 sqft lot unusually small for Winnipeg?
Yes, relative to the city as a whole. A lot this size is in the bottom 10% city-wide, where the average is 6,570 sqft. However, on Libra Street it's actually above average (top 7%), so it's typical for this specific street and development pattern. If you're used to older Winnipeg neighborhoods with deep lots, this will feel compact.

3. Why is the living area ranked higher city-wide than in the neighborhood?
The citywide average for comparable homes is 1,342 sqft, so this house is about 100 sqft larger. But the West Kildonan Industrial neighborhood average is 1,591 sqft, making this property about 150 sqft smaller than the local norm. It's a reminder that "average" changes depending on the comparison group—this home is slightly bigger than typical city stock but slightly smaller than its immediate neighbors.

4. What does "top 2% for year built" actually mean in practical terms?
Out of nearly 200,000 residential properties in Winnipeg, only about 4,000 are newer than this one (built in 2021). That means you're getting a home with modern building standards, likely better insulation, updated electrical and plumbing, and less deferred maintenance than the vast majority of homes on the market. It also means the property is too new to have a long track record for things like foundation settlement or roof lifespan.

5. How should I interpret the ranking tiers (elite, above average, around average)?
These are relative comparisons within three scopes: the street, the neighborhood, and the city. "Elite" means the property outperforms 98% or more of its peers in that category. "Above average" typically means top 30% or better. "Around average" means it falls within the middle range—not a standout, but not below par. The rankings are useful for spotting where a property excels or falls short, but they don't replace seeing the home in person or checking recent sale prices.