516 North Point Boulevard – Property Summary

Key Characteristics

This is a newly built home (2024) with 1,505 square feet of living space on a 2,674-square-foot lot. Its assessed value is $432,000.

The property stands out most for its age. It ranks in the top 1% citywide for year built—a rare position in Winnipeg, where the average home dates to 1966. That new-construction status also shows in its assessed value: on its own street, it ranks in the top 8%, and the value sits noticeably above both the street average ($375,400) and the citywide average ($390,100). The living area is above average at the street and city levels, though the lot size is modest by city standards—ranking in the bottom 7% citywide.

The appeal here is practical rather than flashy. You get a brand-new home without the wait or uncertainty of building from scratch, and the living space is generous enough for a small family. But the compact lot means less yard maintenance, which could be a plus for buyers who want new construction without a big property to manage. The home would suit first-time buyers who want something turnkey, downsizers looking for a low-maintenance newer build, or anyone who prioritizes energy efficiency and modern finishes over older character homes. It's less ideal for buyers who want a large yard or a more established, tree-lined neighbourhood feel—West Kildonan Industrial is an area where lot sizes and home ages vary widely.

Five Frequently Asked Questions

1. How does the assessed value compare to similar newer homes nearby?
The $432,000 assessment is above average for this street (top 8%), but around average for the broader West Kildonan Industrial neighbourhood. Newer homes in the area tend to carry higher values, so this property sits in a competitive but not overpriced position for its age.

2. Is the 2,674 sqft lot considered small for the area?
On the street itself, the lot is around average (top 38%). But in the wider neighbourhood and city, it's noticeably smaller—the neighbourhood average is 3,839 sqft, and the city average is 6,570 sqft. You're trading yard space for a newer build, so expect a compact outdoor area.

3. What does "West Kildonan Industrial" mean in terms of neighbourhood feel?
This is a mixed-use area with a range of housing ages and styles—some industrial/commercial pockets, but also residential streets with both older and very new infill builds. It's not a uniform subdivision; buyers should visit to get a sense of the immediate block.

4. How does the home's size (1,505 sqft) compare to other new builds in Winnipeg?
It's above average citywide, but around the middle of the pack for the neighbourhood. For a new build, this is a comfortable three-bedroom-plus-den range—not oversized, but not cramped either. The layout matters more than the number here.

5. Why is the lot rank so low citywide if it's average on the street?
Many Winnipeg homes were built on much larger lots in the mid-20th century, especially in older suburbs. Newer infill homes like this one often sit on smaller parcels. The street rank (top 38%) shows that this lot size is typical for its immediate context; the city rank (top 93%) just reflects how common larger lots are citywide.