175 Phoenix Way – Property Summary
Key Characteristics & Buyer Profile
This is a 1,492 sqft home built in 2019 on a 2,738 sqft lot. Its standout feature is the construction year: it ranks #1 on Phoenix Way and in the top 4% citywide for newer homes. That sets it apart in a neighborhood (West Kildonan Industrial) where the average home was built in 2021, and it’s dramatically newer than the citywide average of 1966. The living area is near the street average and slightly above the city average, while assessed value ($376k) sits close to the street norm and below the neighbourhood average of $442.9k. The lot is notably small—ranking in the bottom 8% citywide—which keeps maintenance low but means less outdoor space than typical Winnipeg homes.
The appeal lies in getting a very recent build with modern finishes and systems, at a price point that’s competitive for the wider city. For buyers who prioritize energy efficiency, lower immediate repair costs, and a move-in-ready layout over a large yard, this home removes the guesswork of an older house. It’s less suited for someone wanting a large garden, mature landscaping, or a sprawling property. Ideal buyers include first-time owners looking for something turnkey, downsizers wanting a newer home with minimal upkeep, or investors targeting a recently-built asset in a stable residential area.
Five Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The property’s assessed value is $376k, which is essentially the same as the average on Phoenix Way ($376.6k). It’s roughly 15% below the neighborhood average of $442.9k, and about 4% below the citywide average for comparable homes ($390.1k). This suggests the home is priced in line with street-level comps but offers relative value against the broader neighborhood and city.
2. Why does the lot size rank so low, and what does that mean day-to-day?
At 2,738 sqft, the lot is smaller than 92% of properties citywide. While this means less lawn care, snow shoveling, and gardening, it also limits expansion potential, outdoor entertaining, or storage for things like an RV or large shed. For someone who wants low outdoor chores, it’s a feature; for someone needing space for kids to play or a garden, it may feel tight.
3. Is the neighborhood considered older or newer?
West Kildonan Industrial is mixed, but the average construction year in the area is 2021—meaning many homes here are quite recent. This property (built 2019) is right in line with that trend. The street itself is dominated by newer builds, with no older houses. The immediate context is a relatively young housing stock, so the neighborhood character leans modern.
4. How does the living space compare to other homes in the area?
The 1,492 sqft is around the street average (1,430 sqft) and slightly above the city average (1,342 sqft). It’s below the neighborhood average of 1,591 sqft, meaning some nearby homes are roomier. The ranking is “around average” at every level, so you’re getting a typical amount of space for the price—not cramped, but not oversized either.
5. What are the biggest trade-offs with this property compared to older homes?
The main trade-off is lot size versus building age. You get a very new home with modern construction standards, likely better insulation, windows, and mechanicals, and no deferred maintenance from past decades. The cost is a compact lot and limited yard. For the same budget, an older home might offer double the land but require roof repairs, window replacements, or updated plumbing. If you value low-risk ownership and efficiency, this property leans in that direction; if you value space and character, it’s likely not the right fit.