33 Lyra Gate – Property Summary
Key Characteristics & Buyer Profile
This is a newer home, built in 2018, with 1,368 square feet of living space on a 1,930-square-foot lot. Its strongest feature is its year of construction—among the newest homes in Winnipeg citywide (top 4%) and the newest on its street. The assessed value of $351,000 sits above the street average but significantly below the neighborhood average, which suggests the surrounding area includes higher-value properties. The land area is on the smaller side, both locally and citywide.
The appeal here is a solid, modern home in a location where it stands out in terms of age relative to older stock. It would suit a buyer who wants a relatively new, move-in-ready property without paying for a large lot they don't need. It’s less suited for someone who prioritizes yard space or wants to match the scale of neighboring homes in West Kildonan Industrial, where lots and living areas tend to be bigger. For a buyer looking for value in a newer build that ranks well on its immediate street, this property offers a clear contrast to the older, larger inventory typical of the area.
Five Frequently Asked Questions
1. How does this home compare to others on Lyra Gate?
It ranks first for living area (top 5%) and second for assessed value (top 18%) on the street. The lot size is right at the average for the street. It’s a standout property in its immediate block.
2. Why is the assessed value below the neighborhood average?
The neighborhood (West Kildonan Industrial) has a higher average assessed value of $442,900, likely due to larger homes and bigger lots in the surrounding area. This property’s smaller land area and living space bring its value below that benchmark, which could mean a lower purchase price relative to neighbors.
3. Is the 1,930-square-foot lot unusually small?
It’s average for the street, but well below average for the neighborhood and citywide. Winnipeg’s typical home sits on a lot over three times this size. If you’re used to a spacious yard, this will feel compact. If you prefer lower maintenance, it’s a practical size.
4. How reliable are these rankings?
The data uses a median benchmark for “comparable homes” within each geographic scope. The rankings show where this property sits relative to that middle point. Fill colors on the original charts—red, blue, amber, gray—indicate performance tiers, but the “average” figures are rough medians, not exact percentiles.
5. Where can I see how this property sits relative to nearby homes?
There is an interactive neighbourhood map available that lets you compare year built, living area, assessed value, and lot size with surrounding properties. This gives a clearer sense of the home’s position block by block, beyond the summary rankings.