Key Characteristics & Appeal
This is a 1,261-square-foot home built in 2018 on a 2,573-square-foot lot at 55 Vega Street. Across the board, the property’s standout feature is its age—it’s the newest house on its street (top 3%) and among the newest citywide (top 4%). The living space and lot size sit slightly below average within the immediate neighborhood (West Kildonan Industrial) and citywide, but the assessed value reflects that modest footprint: at $324,000, it’s notably lower than the community average of $443,000 and below the street average.
The appeal lies in getting a nearly new build without paying for extra square footage you might not need. Buyers who prioritize a modern shell, low deferred maintenance, and a manageable lot in a city where the median home was built in 1966 will find this efficient. It would suit a first-time buyer looking for something move-in ready, a downsizer who wants a newer layout without a big yard, or an investor after a relatively young asset in a middle-market neighborhood.
Five Possible FAQs
1. How does the property’s assessment compare to other recent sales on this street?
The assessed value is $324,000, which trails the street average of $355,000 and falls well below the community average. The home ranks 34th out of 38 on Vega Street for assessed value. This suggests the neighborhood has a mix of older, larger homes driving the average higher, and that this property sits at a lower price point for the street.
2. Is the lot big enough for additions like a garage or a garden?
At 2,573 square feet, it’s typical for the street but below average for the West Kildonan Industrial area. Citywide, it’s well below the average lot size of 6,570 square feet. It leaves limited room for a large detached garage or extensive landscaping, but could accommodate a small shed, patio, or planting beds.
3. Why is the community average for assessed value so much higher than this home’s value?
The community average assessed value is $443,000, while this home is assessed at $324,000. That gap partly reflects the neighborhood’s mix: newer builds in West Kildonan Industrial average around 2021, but many homes there are likely larger or on bigger lots. This property’s modest square footage and lot size mean its value is lower than the area’s typical home.
4. How reliable are the rankings for living space and lot size?
They’re based on comparable homes in the same category, not every single residence. The home ranks in the 91st percentile for its community in living space (smaller than most) and in the 74th percentile for lot size (also below average). These figures are useful for relative context, but actual floorplan usability depends on layout, which the data doesn’t capture.
5. Does the 2018 build mean any particular systems or warranties are still active?
Most homes built around 2018 would have typical builder warranties (often one year for workmanship, two for mechanicals, five for the building envelope). Specific transferability and remaining coverage depend on the builder and local regulations. A property inspection would confirm the condition of major systems, which at this age should still be in good shape.