167 Phoenix Way – Property Summary

Key Characteristics & Buyer Profile

This is a 2019-built home with 1,492 sq ft of living space on a 2,853 sq ft lot. Its strongest feature is age: it’s the newest house on Phoenix Way (top 1% on the street) and ranks in the top 4% city-wide in Winnipeg, where the average home was built in 1966. The living space is slightly above the street average (1,430 sq ft) and below the neighbourhood average (1,591 sq ft), but falls comfortably in the middle across the city. The assessed value of $377,000 is right at the street average, below the neighbourhood average of $443,000, and slightly below the city average of $390,000. The lot is smaller than typical for the area—especially compared to older Winnipeg homes—which is common for newer infill builds.

The appeal here is straightforward: a relatively new home with modern construction standards, located in a street where most houses are similar in size and value. It avoids the maintenance and renovation costs that come with older properties. The trade-off is a smaller lot and a price that doesn’t stand out as a bargain relative to the neighbourhood. This would suit buyers who prioritize a newer, move-in-ready home over yard space or future appreciation driven by scarcity. First-time buyers, downsizers, or anyone looking for a lower-maintenance property in a stable, middle-of-the-road area would find it practical. It’s less suited for someone seeking a large lot, a fixer-upper opportunity, or a home that’s significantly undervalued compared to its neighbours.

Frequently Asked Questions

1. How does this home compare to others on the same street?
It’s very close to the street average in both size (1,492 sq ft vs. 1,430 sq ft average) and assessed value ($377,000 vs. $377,000 average). It ranks in the top half for living area and value, but not dramatically above. The standout difference is its build year—it’s the newest house on the street by a clear margin.

2. The lot seems small. Is that normal for this area?
Yes, for newer infill homes in Winnipeg. The average lot size in West Kildonan Industrial is 3,839 sq ft, and this property is below that at 2,853 sq ft. City-wide, most houses sit on much larger lots (6,570 sq ft average), so a smaller lot is typical for a recent build in an established neighbourhood.

3. Why is the assessed value lower than the neighbourhood average?
The neighbourhood average ($443,000) is pulled up by older, larger homes on bigger lots. This house is newer but smaller in both living area and land, which brings its value closer to the street norm. It’s not necessarily over- or under-priced—it just reflects the different profile of a newer infill property.

4. How reliable are the rankings and comparisons shown?
They’re based on city-wide assessment data, which uses standardized criteria like living area, lot size, build year, and assessed value. The “average” figures are median references for comparable properties in each geographic range. They give a solid general picture, but don’t capture unique features like finishes, layout, or recent renovations.

5. Is this a good investment for resale value?
Newer homes tend to hold value well in the short term due to lower deferred maintenance, but this property doesn’t have strong upside potential from being undervalued—it’s already at market rate for its street. Over time, its advantage will be relative age, not scarcity. If the neighbourhood sees new development or rising demand, it could appreciate steadily, but it’s not a high-risk, high-reward play.