Key Characteristics & Buyer Profile
This is a brand-new home built in 2024, placing it among the newest 1% of properties citywide and the top 3% on its street. Its 1,400 sqft living area sits close to the average for the neighbourhood and the city as a whole—neither notably large nor small, but a solid middle ground. The lot, however, is small: 2,028 sqft ranks in the bottom 1% citywide, well below typical lot sizes in the area.
The appeal here is mostly about the building itself, not the land. Buyers who value a modern, low-maintenance structure—one that doesn’t need immediate updates or repairs—will find that attractive. The assessed value is below the street and neighbourhood averages, which could mean lower property taxes relative to nearby homes, though it’s worth confirming how that aligns with the actual purchase price.
This property would suit someone who prioritizes a new, move-in-ready home and doesn’t need a large yard or outdoor space. It’s less ideal for buyers looking for generous lot size, future expansion potential, or a home in a neighbourhood where older, larger lots are the norm. The contrast between the new structure and the tight lot is the main trade-off here.
Frequently Asked Questions
1. Why is the land area so small compared to other homes in the area?
This is a 2024 build, and newer infill or townhouse-style developments often use smaller lots to maximize density. The street and neighbourhood averages include older homes with more generous land, which pulls the comparison numbers up. If you’re used to older Winnipeg properties with big yards, this will feel compact.
2. How does the assessed value compare to what I might actually pay?
Assessed value is used for property tax calculations and may not reflect the current market price, especially for a new home. It’s below average for the street and neighbourhood, but sale prices for new builds often exceed assessment. You’ll want to check recent sale data or ask your realtor for a market-based price estimate.
3. Is the living space enough for a family?
At 1,400 sqft, it’s close to the citywide average. It could work for a small family or couple, but the layout matters. Without a floor plan provided here, it’s hard to say how functional the space is—worth asking for room dimensions and storage details.
4. Does this property have a yard or outdoor living space?
The lot is 2,028 sqft, which is very small by local standards. There may be some outdoor space, but it won’t resemble a traditional backyard. If you want a garden, a playset, or room for pets, this likely won’t suit you.
5. How does the build quality compare to older homes in the neighbourhood?
It’s brand new, so it meets current building codes and energy standards, which often means better insulation, modern windows, and efficient systems. Older homes may have more character and bigger lots, but often come with maintenance needs and older infrastructure. The trade-off is between convenience and space, not necessarily overall quality.