541 North Point Boulevard

Key Characteristics & Buyer Profile

This is a 2023-built home with 1,389 sq ft of living space and a 2,984 sq ft lot, located on North Point Boulevard in the West Kildonan Industrial area of Winnipeg.

Its main draw is construction quality and recency. The home ranks in the top 1% city-wide for year built, meaning virtually everything is new—mechanicals, roof, finishes, insulation. That also translates to fewer immediate repair or upgrade costs compared to a typical Winnipeg home (the citywide average build year is 1966).

The assessed tax value sits at $469,000, which is among the highest on its street (top 3%), but more in line with the broader neighbourhood average. This suggests the home is a standout on its block but not overpriced for the area. The lot is generous for the street (top 14%) but small by city standards—something to note if you're used to deep yards.

The living space is right around the city average, but slightly below the neighbourhood norm of 1,591 sq ft. This is a well-built, efficient layout rather than a sprawling floor plan.

Who it suits: Buyers who prioritize low-maintenance, newer construction and want a solid home in a standard subdivision setting. It would work well for first-time buyers who can afford a step above entry-level, downsizers tired of older home upkeep, or anyone who values energy efficiency and modern building standards over acreage or a premium location. It's less suited for someone wanting a large lot, a character home, or a fixer-upper project.

Five Possible FAQs

1. How do property taxes compare to older homes in the area?
The assessed value of $469,000 puts it above the street average ($375,000) but close to the community average ($443,000). You'll pay somewhat more in tax than most neighbours on the block, but not significantly more than homes in the wider West Kildonan Industrial area. The upside is that newer construction often means lower maintenance costs, which can offset the higher tax bill.

2. Is the home actually smaller than others in the neighbourhood?
Yes, marginally. The living area (1,389 sq ft) is about 200 sq ft less than the community average. But city-wide, it's typical. The layout likely makes efficient use of the space given the recent build year, so you may not feel the difference in everyday use. Worth checking the floor plan for wasted space or awkward layouts.

3. Why is the assessed value so high for the street but average for the neighbourhood?
North Point Boulevard has a mix of older and newer homes, and many on the street are assessed lower. But the West Kildonan Industrial area overall includes a number of newer developments that push the average up. This home is a standout on its street but fits comfortably within the broader local market.

4. What's the lot actually like? Is it small or big enough?
It's 2,984 sq ft—generous compared to other homes on the same street (top 14%), but small when compared to typical Winnipeg lots, where the average is over 6,500 sq ft. If you're coming from an older neighbourhood with deep yards, it may feel compact. But for a 2023 home, this is a normal suburban lot size—enough for a small garden, a patio, and some green space, but not for extensive landscaping or large outbuildings.

5. How reliable is the ranking data?
The data compares the home against all other properties in the same street, neighbourhood, and city using city assessment records and MLS data. It's accurate as a snapshot of how this property sizes up in terms of living area, land size, build year, and tax value. Bear in mind that rankings shift as new homes are built and assessments are updated. For the most current comparisons, you can check the open map analysis link, which updates with live data.