87 Vega Street – Property Summary
Key Characteristics & Buyer Profile
This is a 2018-built home with 1,261 sqft of living space on a 2,573 sqft lot. Its standout feature is the year built: it ranks in the top 3% on Vega Street and the top 4% citywide in Winnipeg, making it one of the newer homes in an area where the average home was built in 1966. The assessed value is $371,000—above average for the street (top 18%) but below the neighborhood average of $442,900, suggesting good relative value within West Kildonan Industrial.
Where the property falls short is space. The living area is below average for both the street and neighborhood, and the land area is small even by citywide standards (bottom 6% in Winnipeg). This isn’t a house for someone needing a big yard or square footage.
The appeal lies in getting a very new, well-valued home on a modest footprint, in a neighborhood where many homes are older and larger. It would suit first-time buyers, downsizers, or investors looking for a low-maintenance, newer property without paying a premium for extra land. It’s less suited to families wanting room to grow or a large outdoor space.
Five Possible FAQs
1. Why is the assessed value above the street average but below the neighborhood average?
The street contains a mix of older and newer homes, so a 2018 build pushes it toward the top of Vega Street. But West Kildonan Industrial as a whole includes pockets of higher-value newer developments, pulling the neighborhood average up. You’re getting a strong street-level value without the neighborhood peak pricing.
2. The living area is below average for the street. Does that affect resale?
It could, depending on what buyers in the area typically look for. However, since the home is newer, the layout is likely more efficient than older homes of similar square footage. Smaller living area is often offset by higher quality finishes and more modern systems.
3. How does the small land area impact things like yard maintenance or future additions?
The lot is about 2,573 sqft—tight by city standards. Expect limited outdoor space, which means lower maintenance but also little room for expansions, a large garden, or outbuildings. It’s typical for newer infill builds, but worth noting if you plan renovations that require extra land.
4. Is the “year built elite” ranking actually meaningful in an older city like Winnipeg?
Yes. Being in the top 4% citywide means this home is newer than roughly 186,000 other properties in Winnipeg. That translates to better insulation, modern electrical and plumbing, and usually lower immediate repair costs. It’s a genuine advantage in a market with many aging homes.
5. What’s the neighborhood like, and is it walkable or car-dependent?
The data doesn’t cover walkability directly, but West Kildonan Industrial is a mixed-use area with residential and industrial zoning. You’d likely need a car for most errands, though some amenities may be nearby. Check the neighbourhood analysis map for specific proximity to shops, schools, and transit.