Property Overview
14 Prairie Crocus Drive presents a well-maintained, modern home in Winnipeg's Peguis neighbourhood. Built in 2018, it offers a move-in-ready opportunity with less than a decade of wear. The 1,206 sqft living space is comfortably sized for a smaller household, while the 4,120 sqft lot provides a manageable outdoor area. Its assessed value of $470k positions it as a premium property on its own street and citywide, suggesting above-average finishes or desirability within its category.
The appeal lies in its contemporary construction, offering buyers modern building standards and systems without the need for immediate updates. It suits first-time buyers looking for a newer, low-maintenance home, or downsizers seeking a manageable property without compromising on modern amenities. A thoughtful perspective is its relative value: while the home is above average in cost for its immediate street, it's priced around the neighbourhood average and represents strong value compared to the much older average home city-wide. This positions it as a solid, modern asset in a stable area.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,206 sqft, the living area is slightly below average for the broader Peguis area but is very close to the average size for homes on its own street and city-wide. It’s designed for efficient living rather than spaciousness.
2. Why is the assessed value higher than the street average?
The assessed value of $470k is above the street average (~$447.7k), likely reflecting its newer build year (2018) compared to neighbouring homes. Being one of the newest homes on the block can command a premium for modern features and systems.
3. What does the sold price history indicate?
The home last sold between $300k-$350k in late 2019. The significant increase to its current $470k assessment mirrors broader market appreciation over the past five years, highlighting the strong equity growth for the current owner.
4. Is the lot size a drawback?
The 4,120 sqft lot is standard for its street and neighbourhood. While it’s below the city-wide average lot size, this typically translates to less yard maintenance—a plus for many modern buyers.
5. How does its age compare to other homes?
Built in 2018, this is one of the newest homes on its street (top 4%) and is significantly newer than the average Winnipeg home (built in ~1966). This suggests fewer age-related issues and potentially better energy efficiency.