199 Phoenix Way – Property Summary
Key Characteristics & Buyer Profile
This is a 2018-built home with 1,520 square feet of living space on a 2,738-square-foot lot. The assessed value sits at $373,000. What stands out most is the year built. Citywide, this home ranks in the top 4% for newer construction—Winnipeg’s average home was built in 1966, so this is significantly newer than most. The living space is also above average across the city (top 29%), though the lot is on the smaller side (bottom 8% citywide). In its immediate neighbourhood, the home is around average for both size and value, meaning it doesn’t stand out dramatically on its street but fits in well.
The appeal here is a modern home with decent interior square footage, in a market where older, larger lots are the norm. It likely suits buyers who prioritize a newer, move-in-ready house over a large yard. First-time buyers or those downsizing from a bigger lot might find this practical. Families wanting generous outdoor space or a bigger piece of land should probably look elsewhere. The property’s value is close to the street average, which suggests it’s priced in line with its immediate neighbours—no obvious bargain or premium relative to what’s around it.
Five Possible FAQs
1. How does this home compare to others on Phoenix Way specifically?
On its own street, it ranks 7th out of 78 for living area (top 9%) and 49th for assessed value (top 63%). So while it’s one of the bigger homes on the street, its value is more middling. The year built is close to the street average, and the lot size is about average too.
2. Is the lot size a concern?
It depends on your perspective. The land area is below average citywide (bottom 8%) and slightly below the neighbourhood average. If you want room for a big garden, a shop, or expansion, this lot is tight. But for someone who doesn’t want to maintain much outdoor space, that could be a plus.
3. Why is the assessed value only “around average” when the house is newer than most?
Newer construction doesn’t automatically mean a higher assessed value—the market considers location, lot size, and neighbourhood prices. Here, the house is in an area where many homes are newer (some built as recently as 2021), so it doesn’t stand out value-wise despite being modern by city standards.
4. How does this home hold up against others built in 2018?
Citywide, 2018 is a very recent build year (top 4%), so in that broad comparison it’s excellent. But within the West Kildonan Industrial neighbourhood, the average year built is 2021, so this home is actually older than some neighbours. It’s not dated, but it’s not the newest on the block locally.
5. What’s the practical takeaway from the ranking data?
The home is strong on living space and age, but weaker on land area and not a standout on value. For someone who values interior square footage and a modern build over a big yard, it’s a solid match. If long-term land appreciation or outdoor space matters more, other properties might be a better fit.