505 North Point Boulevard – Property Summary
Key Characteristics & Buyer Profile
This is a 1,389 sqft home built in 2022 on a 4,375 sqft lot, located on North Point Boulevard in Winnipeg's West Kildonan Industrial area. Its assessed value is $411,000.
The property’s strongest standout feature is its lot size. On its own street, it ranks in the top 3%—almost double the street average of 2,598 sqft. This is unusual for a newer home, where lots tend to be smaller. The home itself is also very new by city standards: built in 2022, placing it in the top 1% of Winnipeg homes by construction year, where the citywide average is 1966. The assessed value is above average for its street (top 19%), which reflects both the newer build and the larger lot.
The living area and overall value rank around average at the neighbourhood and city levels, so the home isn't oversized or overpriced relative to its broader context. It’s a well-proportioned, modern house on a notably generous lot for its street.
This property would suit buyers who want a newer, low-maintenance home but also value outdoor space—something harder to find with recent builds. It could also appeal to someone looking for a home that stands out on its block in terms of lot size, without paying a premium for extra square footage inside. It's less suited for buyers who need a large interior footprint or who prioritize being in a top-tier neighbourhood for assessed value.
Frequently Asked Questions
1. How does the lot size compare to other homes nearby?
On North Point Boulevard, this lot is in the top 3%—roughly 1,800 sqft larger than the street average. At the neighbourhood level (West Kildonan Industrial), it’s closer to the average, though still slightly above. Citywide, it's smaller than typical, which is common for newer infill lots.
2. Is the assessed value reasonable for what this home offers?
The assessed value of $411,000 is above the street average ($375k) but below the neighbourhood average ($443k). This suggests the home is valued higher than its immediate neighbours, likely due to the newer construction and larger lot, while still being priced under the broader neighbourhood norm.
3. How does the living area compare to other homes this new?
At 1,389 sqft, the living area is slightly below the citywide average for comparable homes (1,342 sqft is the average, so it's a touch above) and slightly below the street average of 1,404 sqft. It's about 200 sqft smaller than the West Kildonan Industrial average. It's not a large home, but it's in line with what you'd expect for a 2022 build in this area.
4. What's the condition or age of the home like?
Built in 2022, the home is essentially new. It's newer than 99% of homes citywide. At the street level, it's around average (top 55%), meaning several nearby homes are also recent builds. At the neighbourhood level, it's above average (top 19%), as the surrounding area includes older construction.
5. How does this property rank overall in Winnipeg?
Citywide, the home ranks in the top 36% for both living area and assessed value, and the top 1% for year built. The lot ranks in the bottom third citywide (top 68%), but that's because many older homes sit on much larger lots. In its immediate context, the lot is the property's most distinctive asset.