123 Phoenix Way – Property Summary
Key Characteristics & Buyer Profile
This is a 1,400 sqft home built in 2019 on a 2,737 sqft lot in the West Kildonan Industrial neighbourhood of Winnipeg. Its strongest feature is the build year: the property ranks 1st on its street and in the top 4% citywide for newer construction. That’s uncommon for this area, where the neighbourhood average build year is 2021 and the citywide average is 1966. In practical terms, it means a modern floor plan, likely up-to-date systems, and fewer immediate maintenance concerns.
The assessed value is $367,000, which is below the street average ($376,600) and significantly below the neighbourhood average ($442,900). This suggests the home is priced modestly relative to its immediate area, though it sits close to the citywide average ($390,100). The lot size is smaller than typical for the neighbourhood and city, which may be a trade-off for buyers who prioritize a newer home over yard space.
The home’s appeal lies in its combination of recent construction and relatively lower assessed value—something that’s not easy to find in West Kildonan Industrial. It would suit buyers who want a newer, low-maintenance property without paying a premium for lot size or street prestige. First-time homeowners, downsizers, or anyone looking for a turnkey option in a mid-range price bracket would likely find this a practical fit. It may be less suitable for those needing a large yard or seeking a property that stands out in square footage or land area.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
The home is assessed at $367,000, which is below the street average ($376,600) and well under the neighbourhood average ($442,900). It’s slightly below the citywide average for comparable homes ($390,100). This means, relative to its surroundings, the assessed value is on the lower side.
2. Is the lot size a concern for this property?
The lot is 2,737 sqft. It’s around average for the street but smaller than the neighbourhood average (3,839 sqft) and significantly smaller than the citywide average (6,570 sqft). In the broader Winnipeg market, it ranks in the bottom 8% for lot size. If outdoor space is a priority, this may feel tight.
3. How new is the home compared to others in the area?
It was built in 2019, making it the newest home on its street (ranked 1 out of 78). It’s also in the top 4% citywide for newer construction. While the neighbourhood average build year is 2021 (slightly newer on the whole), the home is still very modern by local standards.
4. Would this property be a good investment for resale value?
The combination of a newer home and a below-average assessed value could be appealing to future buyers, especially those who want modern features without a premium price tag. However, the smaller lot and mid-range square footage may limit appreciation potential compared to properties with more land or larger living areas. It’s a solid, practical choice rather than a high-growth play.
5. Where exactly is West Kildonan Industrial, and what’s the area like?
West Kildonan Industrial is a mixed-use area in north Winnipeg, with a blend of residential, commercial, and industrial properties. The neighbourhood is more affordable than many central Winnipeg districts, and homes here tend to be older on average. This property’s modern build stands out in that context, though the area may not have the same walkability or amenity density as newer suburban developments.