20 Libra Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,345 sqft home built in 2020 on a 2,557 sqft lot, located in the West Kildonan Industrial area of Winnipeg. Its appeal lies in being a relatively new build in a city where the median home was constructed in 1966—ranking it in the top 3% citywide for age. The living space is close to the city average, though slightly smaller than the neighbourhood norm. The assessed value of $372,000 sits near the street average but below the broader community average of $443,000.
The property suits buyers who prioritise a newer, low-maintenance home over a large lot or spacious square footage. It would work well for first-time homeowners, downsizers, or anyone looking for a modern build without paying a premium for extra land. The lot size is notably compact, even by local standards, so it’s less ideal for those wanting a large yard or space for additions. What’s less obvious is that the home’s value, relative to its street, is fairly aligned with the median—meaning it’s not overpriced for its immediate context, even if it looks modest against the wider neighbourhood.
Frequently Asked Questions
1. How does this home’s size compare to others in the area?
The living area is slightly below the community average (1,591 sqft) but consistent with the street average (1,412 sqft) and the city average (1,342 sqft). It’s not a standout for space, but it’s not unusually small for its immediate surroundings.
2. Is the property considered good value for its assessed price?
The assessed value of $372,000 is close to the street average and below the community average. This suggests the home is priced in line with its direct neighbours, though it’s more affordable than many homes in the broader West Kildonan Industrial area.
3. Why is the land area so small compared to citywide homes?
At 2,557 sqft, the lot is significantly smaller than typical Winnipeg properties (average 6,570 sqft). This is common in newer, more compact subdivisions where land is used efficiently. Buyers should expect minimal outdoor space.
4. How new is the construction relative to other homes in Winnipeg?
Built in 2020, it ranks in the top 3% citywide for newness. Most homes in Winnipeg date from the mid-1960s, so this property offers modern construction, energy efficiency, and fewer immediate repair concerns.
5. What type of buyer would this property not suit well?
It may not suit buyers seeking a larger lot for gardening, expansion, or privacy, or those wanting a home with significant square footage. It’s also less ideal for someone looking for a fixer-upper or a property in a higher-value neighbourhood.