504 North Point Boulevard – Property Summary
Key Characteristics & Buyer Profile
This is a 1,505 sqft single-family home built in 2023, sitting on a 2,678 sqft lot. The property stands out most for its age: it ranks in the top 1% city-wide in Winnipeg for newer construction, and in the top 9% within its neighbourhood. Living area is above average on the street (top 19%) and city-wide (top 30%), but the lot size is relatively compact—below average for the city and only around average for the neighbourhood.
The assessed value of $406,000 is slightly above the street average but falls below the neighbourhood average of $442,900. This suggests the home offers newer construction without commanding a premium relative to older, larger-lot homes nearby.
The appeal here is primarily for buyers who prioritize a modern, move-in-ready home with efficient use of space over a large yard. It suits first-time buyers or downsizers who want new finishes and lower maintenance, rather than someone looking for a sprawling lot or an older character home in an established area. The trade-off is clear: you get a brand-new build in a neighbourhood where many homes are older, but you also get less land than the city norm.
Five Possible FAQs
1. How does this home's lot size compare to others in Winnipeg?
The land area is 2,678 sqft, which is below average city-wide. It ranks in the bottom 7% for lot size across Winnipeg. Within the neighbourhood, it's fairly typical—about average for West Kildonan Industrial.
2. Is the assessed value high for what you get?
The assessed value is $406,000. That's above the street average ($375,400) but below the neighbourhood average ($442,900). So you're paying a bit of a premium for the new build compared to other homes on the same street, but less than many older homes in the wider area.
3. What's the neighbourhood like in terms of home ages?
The neighbourhood (West Kildonan Industrial) has a mix, but this home is one of the newest. It ranks in the top 9% locally, meaning most surrounding homes are older—typically built around 2021 on average. City-wide, this property is among the newest 1% of all homes.
4. Is this a good option for someone who wants low upkeep?
Yes, generally. Being built in 2023, major systems (roof, HVAC, windows) are brand new. The smaller lot also means less yard work. However, newer homes can sometimes have minor settling or warranty issues in the first few years, so it's worth having a inspection focused on workmanship.
5. How does the living space compare to other homes on the street?
The 1,505 sqft is above average for North Point Boulevard, where the typical home is about 1,404 sqft. You're getting roughly 100 extra square feet compared to most neighbours, which is noticeable but not a dramatic difference.