7 Phoenix Way – Property Summary
Key Characteristics & Suitability
This is a 2018-built home with 1,492 sq ft of living space on a 3,150 sq ft lot. Its strongest feature is its age—within the top 4% of homes citywide for newer construction, which is uncommon in a market where the average build year is 1966. The property sits in the West Kildonan Industrial area of Winnipeg.
The living area is solidly middle-of-the-pack: slightly above the city average (1,342 sq ft) but a bit below the community average (1,591 sq ft). The assessed tax value of $387,000 is notably lower than the community average of $443,000, which suggests this home may be a more affordable entry point relative to the immediate neighbourhood. The lot size is generous for the street (top 14%) but modest compared to citywide standards—not unexpected for a newer development.
The appeal here is pragmatic. It offers a relatively new home in an area where much of the housing stock is decades older, at a tax assessment that undercuts the community norm. It would suit buyers who want newer construction without paying a premium for a larger lot or square footage. It may also appeal to those who value being near the top of the citywide age ranking—less maintenance risk, better energy efficiency—and are comfortable with a lot size that’s smaller than the city average.
Five Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value is $387,000, which is slightly above the street average ($377,000) but well below the community average ($443,000). That gap suggests this property may be priced more accessibly than many of its immediate neighbours, possibly due to its smaller lot or living area relative to older homes in the area.
2. What’s the significance of a 2018 build year in this market?
In Winnipeg, the average home was built in 1966, so this is an exceptionally new property. That means lower likelihood of major structural or mechanical issues in the near term, and typically better insulation, wiring, and layout standards. It also means the home is unlikely to have the character details found in older homes—something to weigh if that matters to you.
3. Is the lot size a limitation?
The lot is 3,150 sq ft—generous for the street but small by citywide standards. It’s typical for newer infill or subdivision builds. If you want a large yard or room for extensive landscaping, this likely isn’t the right property. But if you prefer lower outdoor maintenance and a more compact footprint, it’s a reasonable trade-off.
4. What’s the neighbourhood like for resale value?
The community average assessed value is $443,000, higher than this home. That could work in your favour if values in the area continue to rise, but it also means this home sits at the lower end of the pricing spectrum locally. The street itself ranks in the top third for assessed value, so the immediate block is relatively stable.
5. How does this property compare to the city overall?
For living area and assessed value, it’s close to the city median—nothing remarkable. The standout stat is the build year: top 4% citywide. The lot size ranks in the bottom 14% (i.e., smaller than 86% of Winnipeg homes). So the trade-off is a very new home on a compact lot, at a moderately priced point compared to the broader urban market.