65 Lyra Gate: Property Summary
Key Characteristics & Buyer Profile
This is a 1,044-square-foot home built in 2018, sitting on a 1,930-square-foot lot. The property stands out most for its age: it's the newest home on Lyra Gate and ranks in the top 4% citywide for year built, which is notable in a city where the average home dates to 1966. The assessed value is $296,000, which is below both the street average ($329,400) and the neighborhood average ($442,900). The living area is slightly smaller than the street average of 1,232 square feet, and the land area is also below average for the area—but consistent with a newer infill property.
The appeal here is practicality rather than space. Buyers get a modern, low-maintenance home in an industrial-adjacent neighborhood (West Kildonan Industrial) without paying a premium for a large lot or extra square footage. That also means the property may feel compact compared to older homes nearby, both inside and outside.
This would suit first-time buyers looking for something move-in ready with modern construction, or investors drawn to the below-average assessed value in a newer build. It's less ideal for families needing yard space or anyone wanting a home that feels spacious by Winnipeg standards.
Five Possible FAQs
1. Why is the assessed value so much lower than the neighborhood average?
The neighborhood (West Kildonan Industrial) includes many larger, older homes on bigger lots, which push the average assessed value up to $442,900. This property is newer but smaller in both living area and land area, so its $296,000 assessment reflects the actual size and type of the home, not a deficiency.
2. Is the small land area a problem?
It depends on your expectations. The lot is 1,930 square feet, which is small for the area and ranks in the bottom 94% neighborhood-wide. However, this is common for newer infill homes in Winnipeg. You get a modern house, but outdoor space is limited. If you want a garden or room to expand, this likely isn't the right fit.
3. How does the 2018 build compare to older homes in the area?
The neighborhood average year built is 2021, so this home is slightly older than the most recent builds in the immediate area. But citywide, a 2018 construction is extremely modern—recall that the city average is 1966. The home should meet current building codes and energy standards.
4. Is West Kildonan Industrial a residential neighborhood?
The name is misleading. This area includes a mix of industrial, commercial, and residential properties. It's not a traditional quiet suburb, so buyers should be comfortable with the nearby commercial activity. This can be a plus for convenience but a drawback for those seeking a purely residential feel.
5. How was the "rank" determined for each category?
Rankings compare this property to "comparable homes" within a given scope (street, neighborhood, city). For example, on Lyra Gate, it ranks #1 for year built (best), but #19 out of 22 for assessed value (below average). The bar fill shows roughly what percentage of peers you outperform. "Avg" is a median benchmark for that group. Larger is better for land, living area, and assessed value; newer is better for year built.