6 Ara Way

Property Summary: 6 Ara Way

Key Characteristics & Buyer Profile

This is a 2024-built home with 1,501 sq ft of living space on a 4,251 sq ft lot. Its strongest asset is its age—among the newest homes in the city (top 1% citywide), and tied for the newest on its street. The living space is slightly below average for the immediate neighborhood but above average for Winnipeg as a whole. The assessed value sits at $486,000, which is below the street average but above both the community and city medians.

The appeal here is straightforward: you're getting a brand-new house in a neighbourhood where most homes are older, without paying a premium for the street's top-end valuations. The trade-off is that the lot is modest by city standards (bottom 30%), so this isn't a property for someone wanting extensive outdoor space or room to expand. It suits buyers who prioritize a modern, low-maintenance home in an established area, and who are comfortable with a smaller yard. It's less suited to families looking for a big garden or buyers who want maximum square footage for the price.

Five Possible FAQs

1. How does this home compare to others nearby in terms of value?
On the street, it's one of the lower-valued homes (12th out of 15), but that's partly because it's newer and smaller than some. Across the wider community and city, the assessed value sits comfortably above average—so you're getting a newer build without the highest price tag on the block.

2. Is the lot size a concern?
The lot is 4,251 sq ft, which is slightly above average for the community but smaller than the typical Winnipeg property. If you're used to a large suburban lot, this will feel compact. For someone moving from a condo or wanting less yard work, it's likely a plus.

3. Why is the assessed value below the street average if the house is brand new?
Street averages include older, larger homes that may have higher valuations due to size or renovations. This home's value is based on its specific livable area and lot, plus the fact that new construction doesn't always immediately match the top-end comps on the street. It's still above the city norm.

4. What does "top 1% for build year" actually mean for resale?
It means the home is among the newest 1% of all properties in Winnipeg. That can be an advantage if buyers continue to prefer modern construction, but it also means comparable new builds are rare in the area—so pricing could be less predictable when you sell.

5. Would this be a good rental property?
Possibly, but the numbers are tight. The assessed value is $486k, and rental income would need to cover that along with taxes and maintenance. Given the smaller lot and modest square footage, it may appeal more to owner-occupiers than investors looking for high yield. A rental market analysis would be wise before assuming.