195 Phoenix Way – Property Summary
1. Key Characteristics & Buyer Fit
This is a 2018-built home with 1,520 sqft of living space on a 2,738 sqft lot, located on Phoenix Way in Winnipeg’s West Kildonan Industrial area. Its strongest feature is its age: citywide, it ranks in the top 4% for newer construction (average build year across Winnipeg is 1966). On the street itself, it sits around the middle of the pack, with the average home on Phoenix Way built in 2019.
Living space is above average compared to similar homes citywide (top 29%), though the lot is notably small by city standards—it ranks in the bottom 8%. The assessed value of $373,000 is roughly average for the street and slightly below the neighbourhood average of $442,900, which may reflect the smaller lot size relative to surrounding properties.
Who it suits: Buyers who prioritize a newer, move-in-ready home over a large yard. This property would work well for someone looking for efficient, modern square footage without the maintenance demands of a big lot. It’s less suited to buyers who want space for gardening, garages, or future expansion. The location offers a balance—not the priciest street, but with newer stock than much of the city.
2. Frequently Asked Questions
How does the lot size compare to other homes in the area?
The lot is slightly smaller than the average on Phoenix Way (2,738 sqft vs. 3,048 sqft) and significantly smaller than the West Kildonan Industrial neighbourhood average of 3,839 sqft. Citywide, it’s in the bottom 8% for lot size among comparable homes.
Is the assessed value in line with the market?
The $373,000 assessment is close to the street average ($376,600) and notably lower than the neighbourhood average ($442,900). This gap is likely driven by the smaller lot—while the home itself is newer than many in the area, the land value pulls the total down.
How does this home compare to the newest builds on the street?
The home is one year older than the average build year on Phoenix Way (2019 vs. 2018). That places it right in the middle of the street’s newer homes—neither the newest nor one of the older ones. On the street, about half the homes are newer, half are older.
What does “top 4% citywide for build year” actually mean in practical terms?
It means this home is newer than roughly 96% of comparable homes across Winnipeg. Most citywide inventory dates from the 1960s–1980s, so this is a genuinely modern build relative to the broader market. Buyers coming from older homes will notice differences in insulation, layout, and mechanical systems.
Would this property appeal to investors or first-time buyers?
It could suit either, but for different reasons. First-time buyers may appreciate the newer construction and manageable square footage, with fewer immediate repairs. Investors might see value in the lower-than-neighbourhood assessment and newer building systems, though the smaller lot limits long-term land appreciation compared to larger properties in the area.