23 Libra Street – Property Summary
Key Characteristics & Buyer Profile
This is a relatively new home, built in 2020, with 1,520 square feet of living space on a 2,869-square-foot lot. The living area is above average both on its street (top 17%) and citywide (top 29%), which means it offers more interior space than many comparable Winnipeg homes. The assessed value sits at $379,000—essentially at the street average and slightly below the citywide average—suggesting reasonable pricing relative to local benchmarks.
Where this property stands out most is its age. It ranks in the top 3% citywide for newer construction, which is notable in a city where the average home was built in 1966. That means fewer immediate maintenance concerns and more modern building standards compared to older stock. The land area, however, is well below the citywide average (top 91%, meaning most properties have larger lots), and while it's generous for the street (top 7%), it’s not spacious by neighbourhood or city standards.
Who it would suit: Buyers who prioritize a newer, move-in-ready home with decent interior space rather than a large yard. It may appeal particularly to first-time buyers, downsizers, or anyone who values lower maintenance and modern finishes over lot size. Because the assessed value is close to the street and city medians, it could also be a reasonable entry point for someone wanting a newer build without paying a premium for the neighbourhood's newer homes.
Five Possible FAQs
1. Why is the land area so small compared to other Winnipeg homes?
The lot is 2,869 square feet, which is smaller than the citywide average of 6,570 square feet. This is common for newer infill or subdivision builds, where lots are often divided to create more housing. It’s among the larger lots on Libra Street itself (top 7%), so while it’s compact by city standards, it’s typical for the immediate area.
2. How does the assessed value compare to similar newer homes?
At $379,000, the assessed value is around the street average and slightly below the citywide median for comparable homes. However, in the broader West Kildonan Industrial neighbourhood, the average assessed value is $442,900, so this home is well below that benchmark. That could reflect the smaller lot size or differences in finishes, but it also means the property is priced less aggressively than some nearby homes.
3. Is the neighbourhood considered "established" or newer development?
The average year built in the neighbourhood is 2021, and on Libra Street it's 2020, so this is a newer pocket of West Kildonan Industrial. That doesn’t mean everything is brand new—there’s a mix—but the home sits in a cluster of relatively recent construction, which can mean newer infrastructure and fewer older- home surprises.
4. How does the living space compare to other homes of the same vintage?
Citywide, the average living area for comparable homes is 1,342 square feet, so this home is about 13% larger. For a 2020 build, that’s a solid amount of space—enough for three bedrooms and a main living area without feeling cramped. It’s not oversized, but it’s above average for both the street and the city.
5. Why is the property ranked differently on the street versus citywide?
Rankings shift depending on the comparison group. On Libra Street, only 46 homes are compared, so small differences matter more—this home ranks #8 for living area and #3 for land area. Citywide, with nearly 200,000 properties, the land area drops to the bottom 9% because the pool includes many large older lots. The same home can be a standout on its street but average or below in a broader context—nothing unusual, just a matter of scale.