196 Phoenix Way – Property Summary
Key Characteristics & Buyer Profile
This is a 2019-built home with 1,261 sq ft of living space on a 3,720 sq ft lot. Its standout feature is the construction year—2019 makes it newer than 96% of homes citywide (Winnipeg’s average build year is 1966), and it’s tied for the newest on its street. The land is also a relative strength: the lot is bigger than 90% of others on Phoenix Way, though it’s smaller than the city average.
The trade-off comes in size and valuation. The living area is below the street and community averages, and the assessed value (33.5万) is low compared to the neighbourhood (average 44.3万) and the street (average 37.7万). That doesn’t mean it’s overpriced—it means the property is priced more in line with city-wide medians (39万) while offering a newer build and a larger lot than many similar-priced homes.
Where the appeal lies: Buyers who want a modern, low-maintenance home in an older neighbourhood without paying a premium for square footage they don’t need. The new construction means fewer immediate repairs or upgrades, and the above-average lot gives outdoor space that newer infill homes often lack.
Who it suits: First-time buyers looking for something turnkey, downsizers who want a newer, manageable home, or anyone who prioritises a recent build date and a decent yard over maximum interior space. It’s less ideal for buyers who need a large floorplan or who want to match the higher assessment values typical of the West Kildonan Industrial area.
Five Possible FAQs
1. Why is the assessed value lower than the neighbourhood average, even though the house is new?
The assessment reflects comparable sales in the area, which include older homes that have appreciated in value over time, plus larger newer builds. This house is smaller than many nearby, so its value is lower—even though it’s newer. That can be an advantage for property taxes.
2. The living area is below average for the street—will that be noticeable?
The street average is 1,430 sq ft, so this home is about 170 sq ft smaller. Whether that’s noticeable depends on layout. In a well-designed floorplan, the difference can be less significant than the number suggests. Worth visiting to see if the space feels right for you.
3. How does the lot size compare to typical new builds in the city?
Many new homes in Winnipeg sit on lots around 3,000–3,500 sq ft. At 3,720 sq ft, this lot is on the larger side for a newer home, especially on this street. It’s not oversized by older city standards, but it’s more generous than what you’d often find in a new subdivision.
4. Is the “West Kildonan Industrial” area mostly industrial, or is it residential?
Despite the name, this is a mixed-use area with established residential streets. The industrial zoning applies to portions of the district, but the immediate vicinity of Phoenix Way is residential. It’s worth checking the specific street and neighbouring properties to see what’s nearby.
5. Would this home be a good investment for resale later?
Newer homes tend to hold their value well, and the below-average assessment means there may be room for appreciation if the area develops. However, the living area is on the smaller side for the street, so future buyers may also be looking for a trade-off between age and size. The land size is a plus in a market where lot values matter.