85 Lyra Gate

85 Lyra Gate – Property Summary

Key Characteristics & Buyer Profile

This home is a 2018-built property with 1,044 square feet of living space on a 2,466-square-foot lot. Its standout feature is its age: it ranks within the top 5% of homes on the street and top 4% citywide, making it one of the newer builds relative to Winnipeg’s average of 1966. The assessed value is $303,000, which falls below the street average of $329,400 and well below the neighborhood average of $442,900. The living area is about average for the street and city, but the neighborhood itself (West Kildonan Industrial) skews larger, so this is a more compact footprint in that context. The land area is generous for the street (top 14%) but small by neighborhood and city standards.

The appeal here is balance: a newer home at a below-average price point, in a neighborhood where many properties are newer but pricier and on bigger lots. It suits buyers who prioritize a recent build and want to avoid older homes or major renovations, but who are not looking for maximum space—either because they’re a small household, first-time buyers, or downsizers. The area’s industrial context means it may not suit someone seeking a traditional residential feel with large yards or established greenery.

Five Possible FAQs

1. How does this home’s size compare to typical homes in Winnipeg?
It’s close to the citywide average for comparable homes (1,342 sqft). On its own street, it’s slightly below average (1,232 sqft). So it’s not unusually small or large—just on the compact side, especially within its immediate neighborhood, where homes tend to be bigger.

2. Why is the assessed value lower than the neighborhood average?
The West Kildonan Industrial area has a high average assessed value ($442,900) because homes there tend to be newer and on larger lots. This property is both smaller in living area and on a smaller lot, which brings its value down relative to neighbors—even though it’s one of the newer homes on the street.

3. Is the lot size considered small or large?
On the street, it’s above average (ranked 3rd out of 22). But compared to the neighborhood and city, it’s below average. So if you want a yard that’s manageable to maintain and stands out locally, that’s fine. If you expect a spacious lot typical of Winnipeg, this is tighter.

4. What does “Top 4% citywide for year built” actually mean for livability?
It means you’re getting a build from 2018, which is newer than 96% of homes across Winnipeg. That typically translates to modern construction standards, better insulation, and fewer immediate maintenance issues than a house from the 1960s or 1970s. But it also means the property hasn’t gone through decades of settling, so some minor defects may still surface.

5. Is this a good fit for someone who wants to live in a quiet, residential area?
This depends on your comfort with the West Kildonan Industrial area. The neighborhood name and ranking (top 99% for newer builds) suggest it’s a more industrial or mixed-use area rather than a traditional suburban zone. It could be practical if you value proximity to work or transport routes, but it may not have the park-heavy, low-traffic feel of purely residential districts.