Property Summary: 52 Libra Street

Key Characteristics & Buyer Profile

This 1,213 sqft home, built in 2020, sits on a 2,557 sqft lot in Winnipeg’s West Kildonan Industrial area. Its main draw is the building's age—it’s among the newest 3% of homes citywide, in a market where the average property dates to 1966. That alone sets it apart from most listings in Winnipeg.

The trade-off comes in size. The living area is below average for both its street (ranked 43rd out of 46) and community, though it lands close to the citywide median. The lot is similarly compact—smaller than 94% of properties across Winnipeg—which is typical for newer infill homes in established neighbourhoods. The assessed value ($337,000) reflects this: below the street and community averages, but again near the city median.

The appeal here is pragmatic. You’re buying a newer, low-maintenance house in a city where most homes require significant updates. The trade-off is less square footage and a smaller yard. This property would suit first-time buyers who want modern construction without the premiums of a new development, or downsizers who value efficiency over space. It’s less suited to anyone expecting room to expand or a large private lot.

Frequently Asked Questions

1. How does the property compare to others on Libra Street?
It’s one of the smallest homes on the street—ranked 43rd of 46 by living area—and has the second-lowest assessed value. Build year is near the street average (2020). The lot size is slightly below the street average of 2,747 sqft.

2. Is the assessed value a reliable guide to the asking price?
Not directly. The assessment of $337,000 is for property tax purposes and reflects market conditions from a prior period. Asking prices are current. However, the assessment does indicate the home is valued below both its street and community medians.

3. Why is the lot size so small compared to other Winnipeg homes?
This is a newer infill property built within an existing neighbourhood. Many older Winnipeg lots are much larger (citywide average is 6,570 sqft). Newer builds on smaller lots are increasingly common, especially in established areas where land is subdivided.

4. What does the "ranked 3% citywide for build year" actually mean?
Out of nearly 200,000 residential properties across Winnipeg, this home is newer than about 97% of them. The city’s housing stock skews older, so a 2020 build is genuinely unusual and a major selling point for buyers wanting modern construction and fewer immediate repairs.

5. How does this property fit into the West Kildonan Industrial community?
The neighbourhood has a mix of older homes and newer infill. This property’s living area and assessed value are among the lowest in the community (bottom 10% or so), but its build year is typical—many homes in the area were built around 2020–2021. The lot is noticeably smaller than the community average.