192 Phoenix Way

192 Phoenix Way – Property Summary

Key Characteristics & Buyer Profile

This is a 2019-built home with 1,261 sq ft of living space on a 2,572 sq ft lot. Its main appeal is the construction year: within its street (Phoenix Way), it ranks as the newest property (top 1%), and city-wide it falls in the top 4% for age, compared to a city average build year of 1966. The assessed value sits at $327,000, which is below the street, neighbourhood, and city averages. The lot is smaller than typical for the area—ranking in the bottom 20% locally and bottom 6% city-wide. The home itself offers a modern layout in an older, established part of Winnipeg.

This property would suit buyers who are less concerned with square footage or lot size and more focused on the low-maintenance advantages of a newer build—things like energy efficiency, fewer immediate repairs, and modern finishes. It may also appeal to someone who wants a foothold in West Kildonan Industrial without buying an older home that needs updating. The below-average assessment could be a practical entry point for first-time buyers or those looking for predictable costs relative to newer builds in pricier neighbourhoods. It’s worth noting that while the house is new, the surrounding area may have an older character—something to consider if you value a consistent streetscape or a larger yard.

Frequently Asked Questions

1. How does the property’s assessment affect annual property taxes?
   The assessed value of $327,000 is below the street average ($377,000) and neighbourhood average ($443,000). Property taxes are calculated based on this assessment, so you can expect them to be lower than for many comparable newer homes in the wider area. It’s always a good idea to confirm the exact mill rate with the municipality.

2. Is a smaller lot like this one a disadvantage for resale?
   It depends on the buyer pool. In this neighbourhood, most homes sit on larger lots (average 3,839 sq ft), so a 2,572 sq ft lot may limit appeal to those who want outdoor space or room for expansion. However, smaller lots often mean less yard maintenance, which can be a plus for busy households or those downsizing.

3. Why is the home’s living space below the street and neighbourhood averages?
   The property’s 1,261 sq ft is about 12% smaller than the street average and 21% smaller than the neighbourhood average. This is partly because the home was built in 2019, when many new infill builds in older areas tend to be more compact—prioritizing efficient floor plans over sheer size.

4. What does a “top 1%” ranking for build year actually mean on this street?
   It means that among the 78 properties on Phoenix Way, this is the newest one built. Most homes on the street were constructed around 2019 as well (the street average is also 2019), so while it’s technically tied for the top spot, it’s not dramatically newer than many neighbours. The real standout is compared to the city, where the average build year is 1966.

5. How does this home compare to other 2019 builds in Winnipeg?
   City-wide, a 2019 build is still relatively rare—only about 4% of homes are that new or newer. However, within the West Kildonan Industrial community, the average build year is 2021, so this home is slightly older than the local newer inventory. You’re getting a nearly new home, but in a pocket where even newer options exist.