Property Overview & Key Characteristics
This two-storey home at 207 Phoenix Way in Winnipeg's West Kildonan Industrial area presents a compelling, modern option. Built in 2019, it offers the significant advantage of newer construction, meaning less immediate concern for major system replacements and likely higher energy efficiency. With 1,520 sqft of living space and an attached garage, it provides practical family-sized accommodation. The property sits on a notably large lot (2,738 sqft) for its age and area, offering valuable outdoor space and future potential.
Its appeal lies in a strong balance of modern comforts and tangible value growth. Having sold for $299,000 in 2019 and $451,000 in July 2024, it demonstrates robust appreciation. The home ranks in the top tiers for its street and city in both lot size and newness, suggesting it's a standout property within its immediate context. The unrenovated basement presents a clean slate for future customization.
This home would suit first-time buyers seeking a move-in-ready modern property without the premium of a brand-new build, or growing families looking for a solid, contemporary home in a practical neighbourhood. It’s also a sensible choice for value-conscious buyers who appreciate metrics, as the data shows a clear history of equity building and favourable rankings against comparable properties.
Frequently Asked Questions
1. What does the "West Kildonan Industrial" neighbourhood name imply for daily living?
While the name suggests an industrial zone, the immediate context of Phoenix Way appears to be a residential pocket. Prospective buyers should visit at different times to assess traffic, noise, and the general living atmosphere to ensure it matches their expectations for a family home.
2. The basement is noted as "not renovated." What condition is it in?
The listing specifies it is unrenovated, meaning it is likely a clean, functional concrete space with essential utilities but without finished walls, ceilings, or flooring. This represents both a cost-saving at purchase and an opportunity to customize the space to your needs in the future.
3. How significant is the lot size?
At 2,738 sqft, the lot is larger than over 50% of those on its street and ranks in the top 8% across all of Winnipeg. For a 2019 home, this is a notable feature, providing more private outdoor space than many newer builds and potential for gardening, play, or expansion.
4. The 2024 sold price is significantly higher than the assessed value. Why?
Assessed value is for municipal tax purposes and often lags behind the current market. The recent sold price of $451,000 is the true market value determined by a buyer and seller, reflecting the home's modern age, condition, and the broader real estate market at that time.
5. What do the ranking percentages next to the home's stats mean?
These rankings show how this property compares to others. For example, being in the "Top 1%" for year built on its street means it is one of the newest homes there. A "Top 9%" rank for living area indicates it is larger than 91% of homes on the same street, providing a quick, data-driven sense of its relative strengths.