38 Vega Street – Property Summary
Key Characteristics & Buyer Profile
This property is a 2018-built home with 1,254 sqft of living space on a 2,573 sqft lot. Its standout feature is the build year: among all homes citywide in Winnipeg, it ranks in the top 4% for newness, and on its own street it’s the newest house. The assessed value sits at $325,000, which is below both the street and neighbourhood averages but close to the citywide median.
The appeal here is a newer, relatively low-maintenance home in an older, established area. The living space is on the smaller side compared to other homes in the immediate neighbourhood (West Kildonan Industrial), but it’s not far off from the city average. The lot is also compact, which is typical for newer infill builds—less yard work, but also less outdoor space.
This property would suit a buyer who prioritizes a modern build over square footage or a large yard. First-time homeowners, downsizers, or someone looking for a turnkey property in a more established part of the city might find it a good fit. It’s less suited for someone wanting a big family home with a spacious lot or for those comparing primarily within this specific neighbourhood, where homes tend to be larger and older.
Frequently Asked Questions
1. How does the living space compare to other homes nearby?
On Vega Street, this is one of the smaller homes—ranking 37th out of 38. In the broader West Kildonan Industrial area, it’s also well below the average (1,254 sqft vs. 1,591 sqft). Citywide, however, it’s much closer to the norm, ranking near the middle. So it depends on your frame of reference: small for the street and area, but typical for Winnipeg overall.
2. Is the assessed value of $325,000 a good deal?
The assessment is below both the street average ($355,000) and the neighbourhood average ($443,000), and slightly under the citywide average ($390,000). A lower assessment often translates to lower property taxes, but it also reflects the smaller size and lot. It’s not a “bargain” per se—it’s priced in line with what the property offers relative to comparables.
3. What’s the lot like, and is it a problem that it’s small?
The lot is 2,573 sqft, which is close to the street average but well below the neighbourhood (3,839 sqft) and citywide (6,570 sqft) averages. That means less outdoor maintenance and a more compact footprint, which some buyers prefer. If you’re after a large backyard or room for expansion, this likely won’t work.
4. Why is the build year such a strong point?
Most homes in the neighbourhood were built around 2021, and the citywide median build year is 1966. A 2018 build means newer construction standards, modern systems, and likely fewer immediate repairs. On Vega Street, it’s tied for the newest home, which gives it a clear edge in an area with many older properties.
5. How does this house compare to others on the same street?
On Vega Street, this home is the newest (tied) but one of the smallest in both living space and lot size. Its assessed value is also below the street average. If you’re comparing strictly within the street, you’re trading newness for space and a higher assessed value. It’s a distinct profile—not the typical Vega Street home, which tends to be older and larger.