26 Ara Way – Property Summary

Key Characteristics & Buyer Profile

This is a newly built home (2024) with 1,971 square feet of living space on a 4,251-square-foot lot. Its assessed value of $563,000 places it well above average on its street, in its neighbourhood, and across Winnipeg. The living area ranks in the top 12–13% city-wide, and the assessed value sits in the top 7–11% depending on the comparison group.

The property’s main appeal is its combination of new construction and generous interior space relative to similar homes. Most houses in the West Kildonan Industrial area average around 1,591 square feet, so this one offers noticeably more room without being oversized. The land area is slightly above the neighbourhood average but smaller than typical city-wide lots, which is common in newer developments where efficient use of space is prioritised. The year built is essentially brand-new—ranked in the top 1% both in the neighbourhood and across the city—meaning this home avoids the maintenance and updating older homes often require.

This property would suit buyers who want a move-in-ready home with a contemporary floor plan, larger-than-average rooms, and a location in a developing area where new construction is still relatively uncommon. It may also appeal to those who value assessed value growth potential, as the home already outperforms its immediate street and neighbourhood benchmarks. Families or professionals looking for a newer home without the premium of a custom build could find it a practical choice. The lot size is modest, so it’s less suited to buyers seeking extensive outdoor space or gardening areas.

Five Possible FAQs

1. How does this home compare to other new builds in the area?
There are very few new homes in West Kildonan Industrial—only three out of 664 neighbourhood properties were built in 2024. So this home is not just new relative to older stock; it’s one of the newest in the entire area. That means you’re unlikely to find many direct competitors nearby.

2. Is the assessed value accurate for a home this new?
Assessed values for new builds are based on recent sales data and comparable properties. The $563,000 figure ranks first on the street and top 11% city-wide, which suggests it’s slightly above average for its size and location. Keep in mind that assessed value isn’t always the same as market price, but it gives a solid baseline.

3. Why is the land area smaller than the city average?
The city-wide average lot size in Winnipeg is 6,570 square feet, which reflects many older properties with larger yards. This home’s 4,251-square-foot lot is more typical of newer subdivisions where land is used more efficiently. It’s still above the neighbourhood average of 3,839 square feet, so it’s not tight—just not sprawling.

4. Are there any hidden costs with a 2024 build?
New homes often have lower immediate maintenance costs, but you should still budget for landscaping, window coverings, and any unfinished areas. Since the home is very new, there’s also a possibility of minor settling or warranty-related issues that builders typically address within the first year.

5. How does the living area compare to similar homes in Winnipeg?
The 1,971 square foot floor plan is above the city average of 1,342 square feet for comparable homes. It’s also larger than the neighbourhood average by about 380 square feet. In practical terms, this means more breathing room in living spaces without crossing into oversized territory that can feel empty.