418 North Point Boulevard
Key Characteristics & Buyer Profile
This is a brand-new home built in 2024, ranking among the newest 1% of properties citywide and within its neighbourhood. The living area is 1,358 square feet—slightly above the city average but below the neighbourhood average, placing it in a middle tier for size. The assessed value is $360,000, which is below both the street and neighbourhood averages but close to the citywide median. The lot is 2,064 square feet, notably smaller than typical for the area—ranking in the bottom 1% citywide for lot size.
The appeal here is straightforward: you're getting a recently constructed home in an established area without paying a premium for a large yard. For buyers who prioritise a modern build, lower maintenance, and energy efficiency over outdoor space, this property offers a trade-off that makes sense. It would suit first-time homeowners, downsizers, or anyone who values a turnkey interior and doesn't mind a compact lot. The neighbourhood, West Kildonan Industrial, is not a high-end residential district, but the home itself stands out for its age relative to surrounding stock.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The assessment is $360,000, which is below the street average of $375,400 and well below the neighbourhood average of $442,900. It sits right at the citywide median, so it's priced in line with broader market norms rather than the local upward trend.
2. Is the lot size a concern for resale?
It could be for some buyers. At 2,064 square feet, the lot ranks in the bottom 1% citywide and bottom 20% on this street. That said, new construction on smaller lots is increasingly common, especially in infill developments. The trade-off is less yard work and a more efficient footprint, which appeals to a specific segment.
3. What makes this property stand out compared to others in the area?
The year built is the defining feature. Most homes in West Kildonan Industrial date to the early 2020s or earlier, and this one ranks #3 out of 664 in the neighbourhood for newness. If you want a modern build without the wait of new construction elsewhere, this is a rare find.
4. How does the living space compare to other homes at this price point?
At 1,358 square feet and $360,000, you're getting slightly above-average space for the city median home. Within this immediate street, the living area is near the average of 1,404 square feet. It's a functional, efficient layout rather than a spacious one.
5. Why is the neighbourhood rank for living area below average?
The average living area in the neighbourhood is 1,591 square feet, so this home is about 230 square feet smaller. That gap reflects a mix of older, larger homes and newer infill builds. For context, this home is newer and smaller than the local norm, which is not uncommon for recent construction in established areas.