36 Libra Street – Property Summary
Key Characteristics & Buyer Profile
This is a newer home (built 2021) in a well-established Winnipeg neighbourhood, with a living area of 1,298 sqft and a total assessed value of $370,000. The lot is modest at 2,557 sqft.
What stands out here is the age of the build. It ranks in the top 2% city-wide for newness—most homes in Winnipeg were built around 1966. That gives this property a major advantage in terms of modern construction standards, energy efficiency, and lower immediate maintenance needs. On the other hand, its living space and lot size are below average for both the immediate street and the wider West Kildonan Industrial area, though they land close to the city-wide median for square footage.
The appeal is practical: a newer, move-in-ready home without the premium price tag of a larger lot or oversized layout. It’s not trying to be the biggest house on the block—it’s a solid, efficient option for someone who values contemporary build quality over square footage or land.
Best suited for: First-time buyers, downsizers, or anyone looking for a low-maintenance newer home in a stable, mid-value area. Less ideal for buyers seeking a large yard, major upside for expansion, or a house that stands out on square footage alone.
Frequently Asked Questions
1. How does this home compare to others on Libra Street?
It’s one of the newest homes on the street (ranked 1st out of 46), but it’s smaller than average in both living area and lot size, and its assessed value is slightly below the street’s average. So it’s the newer, more compact option among older, larger neighbours.
2. Is the assessed value of $370,000 realistic for this property?
Yes—it’s close to both the street average ($377,000) and the city-wide average ($390,000), so it’s in the normal range for a home of this type. The value reflects its newer construction more than its size.
3. How does the lot size affect the property’s usability?
At 2,557 sqft, the lot is on the smaller side—especially compared to the community average of 3,839 sqft. It’s a compact urban lot, so outdoor space is limited. That’s typical for many newer infill builds and fine for low-maintenance living, but not ideal for large gardens or extensive outdoor entertaining.
4. Why is the living area below the community average but close to the city average?
The West Kildonan Industrial area has larger-than-average homes (1,591 sqft), which raises the local baseline. City-wide, the average is 1,342 sqft, so this home is more in line with typical Winnipeg housing. It’s not a small home—just smaller than its immediate neighbours.
5. What are the practical advantages of a 2021 build over an older home?
Beyond general newness, a 2021 home typically means better insulation, updated windows and HVAC, modern electrical and plumbing, and fewer immediate repair costs. Compared to Winnipeg’s average build year of 1966, you’re looking at decades of deferred maintenance avoided. That’s often the main trade-off for a smaller lot or floor plan.