163 Phoenix Way

163 Phoenix Way – Property Summary

Key Characteristics and Buyer Profile

This 1,400 sqft home, built in 2019, sits on a 2,852 sqft lot in the West Kildonan Industrial neighbourhood of Winnipeg. Its assessed value is $368,000.

The property’s main strength is its age. It ranks in the top 4% citywide for newer construction—built the same year as the newest home on its street (where it ranks #1). The living area is around average for the street, neighbourhood, and city, and the lot size is below average citywide (top 91%, meaning most Winnipeg lots are larger). The assessed value sits slightly below the street and neighbourhood averages, and around average for the city as a whole.

The appeal here is straightforward: a relatively new home in an older city, offering modern construction and finishes without paying a premium for the newest neighbourhoods. It suits buyers who prioritise a newer build over lot size or a central location. It’s also a practical option for someone who wants a home that’s unlikely to need major structural or mechanical work soon, but who isn’t looking for a large yard or a high-end interior footprint.

Frequently Asked Questions

1. How does the lot size compare to similar homes in the area?
While the lot is slightly smaller than the street and neighbourhood averages (2,852 sqft vs. 3,048 and 3,839 sqft respectively), it's typical for this immediate street. The bigger difference is citywide, where most Winnipeg lots are significantly larger—this is a notably compact property by local standards.

2. Why is the assessed value below the neighbourhood average if the home is new?
The neighbourhood average ($442,900) includes many newer homes built in 2021, and likely larger or more finished properties. This home’s value reflects its smaller lot and living area relative to those benchmarks, despite being newer than most of the city’s housing stock.

3. Is this home a good investment for a first-time buyer?
It could be, especially for buyers who value a lower-maintenance property and aren't concerned about a yard. The below-average assessed value relative to newer builds in the neighbourhood may keep the purchase price more accessible, though the smaller lot may limit future appreciation compared to larger properties in the area.

4. How does this property compare to new-build subdivisions outside Winnipeg?
Within city limits, this home offers a similar age and size to many suburban builds, but with a smaller lot and potentially more dated neighbourhood character. Buyers would ultimately be choosing city access over the larger lots typically found at the city’s edge.

5. What should I look out for during a viewing for a 2019 home?
With a home this new, major systems are likely sound, but it's worth checking for typical builder-grade finishes and any signs of settling, which can occur in the first few years. Also confirm whether the basement is finished and what the actual usable living space feels like, since the listed 1,400 sqft includes only the main floor.