Property Summary
Key Characteristics & Buyer Profile
This is a newly built home (2023) at 3 Lynx Street in Winnipeg’s West Kildonan Industrial area. The living area measures 1,327 square feet, which sits close to the street average and slightly below the neighbourhood average. The assessed value of $352,000 is below both the street and community medians, making it a relatively affordable option in this pocket.
Where this property stands out is the land: the lot is 3,145 square feet, the largest on its street and significantly above the street average of 2,175 square feet. The building is also among the newest in the area—ranking in the top 1% citywide for construction year. That combination of a fresh build and a generous lot is uncommon, especially at this price point.
The appeal lies in getting a brand-new house without paying a premium for a big home. The interior is modestly sized, but the yard offers breathing room that newer developments often lack. This would suit buyers who value outdoor space and a modern build over square footage indoors—first-time homeowners who want room to garden or entertain, or those downsizing from an older house who don’t want to lose their yard. It may also appeal to investors looking for a low-maintenance rental in a less competitive price bracket. The trade-off: the neighbourhood itself has older, larger homes, so the property won’t blend in with the character of the area, and the assessed value suggests it’s not in a high-demand zone.
Frequently Asked Questions
1. How does the property tax compare to similar homes nearby?
The assessed value of $352,000 is below the street average of $363,000 and well below the neighbourhood average of $443,000. That means property taxes should be lower than many comparable homes in West Kildonan Industrial, though exact figures depend on the current mill rate.
2. Is the living space considered small for a new build?
It’s close to the citywide average of 1,342 square feet, so it’s not unusually small. But within the neighbourhood, where the average is 1,591 square feet, it will feel compact. The trade-off is the larger lot, which gives you more outdoor flexibility.
3. Why is the land area much larger than the city average while the neighbourhood average is similar?
West Kildonan Industrial has a mix of lot sizes, with an average of 3,839 square feet—so the lot here is slightly below that. The big difference is within the street itself, where 3,145 square feet is the largest. Citywide, older homes often sit on much bigger plots, which is why the city average is 6,570 square feet.
4. What does “top 1% citywide for build year” actually mean in practical terms?
It means this home is newer than 99% of properties in Winnipeg. Very few houses built in 2023 are on the market, so you get modern construction standards, better insulation, and likely fewer immediate repair needs. On the downside, you miss out on the established landscaping and mature trees that older homes often have.
5. Would this property work well for someone looking to rent it out?
Possibly, but with some caveats. The assessed value is below neighbourhood averages, which could mean lower rental income potential compared to larger homes in the area. However, the new build and decent lot might attract tenants who want a modern, low-maintenance yard. Check local rental demand and comparable rents in West Kildonan Industrial before deciding.