92 Libra Street – Property Summary

Key Characteristics & Who It Suits

This is a 2021-built home with 1,345 sq ft of living space on a 2,663 sq ft lot, assessed at $377,000 for property tax purposes. What stands out most is the construction year: it’s the newest house on Libra Street (top 2% citywide), which means modern build quality, likely better insulation, fewer immediate maintenance concerns, and contemporary finishes. Buyers who prioritize a move-in-ready home with low initial renovation risk will find that appealing.

The living space is close to the city average but notably smaller than the surrounding West Kildonan Industrial neighbourhood average of 1,591 sq ft. Similarly, the lot is below the community and city averages—this isn’t a property for someone seeking a large yard or expansion room. The assessed value sits near the street average and slightly below the city average, which reflects a moderate price point relative to the wider market.

This property would suit a buyer who values a newer, efficient home over square footage or land. It’s a practical fit for first-time homeowners, downsizers, or anyone looking for a low-upkeep house in a built-up area where the trade-off is less indoor and outdoor space in exchange for a more modern structure and potentially lower utility costs. It’s less suited to families needing generous room to grow or buyers who want a large private lot.

Five Possible FAQs

1. How does the build quality compare to older homes in the area?
Homes from 2021 generally meet updated building codes and energy standards, so you’re likely looking at better windows, insulation, and mechanical systems than the typical Winnipeg house, which averages 1966. That can mean lower heating bills and fewer surprises with major systems like the roof or furnace for the first decade or so.

2. The lot is below average—what does that really mean day-to-day?
The lot is about 2,663 sq ft. In a neighbourhood where lots average over 3,800 sq ft, you’ll have less lawn to mow and less exterior upkeep overall. But it also limits outdoor entertaining space, gardening, or adding a garage or shed later without sacrificing yard area. It’s a trade-off for lower maintenance.

3. Is the assessed value a good indicator of market price?
Assessed value is used for property tax calculations and tends to lag behind market conditions. In this case, it’s close to both the street and city averages, which suggests the home is priced in a fairly typical range for a new build of this size. However, assessments don’t account for specific interior finishes, upgrades, or current buyer demand, so a realtor’s market analysis would give a clearer picture.

4. How does this property compare with newer townhouses or condos in the same price range?
You’re getting a single-family house rather than a condo, so no monthly strata fees or shared walls. The trade-off is a smaller lot and living area than some townhouses offer. If you value privacy and ownership of land (even a small lot) over square footage, it’s a stronger choice. If you want more space for the same budget, a newer townhouse might give you that.

5. What should I look for in a 2021 build that I might not think about?
Check the builder’s reputation and whether any warranties are still active (typically one- to five-year coverage on different components). Also, newer homes sometimes use lesser-known materials to cut costs—look at the quality of cabinets, flooring, and trim. And because the lot is small, pay attention to drainage and how water runs off the property; newer grading is usually fine, but it’s worth confirming with a walkaround after a rain.