22 Dr. Michael K. Grace Lane

Property Overview

This home at 22 Dr. Michael K. Grace Lane in Winnipeg’s Peguis neighbourhood presents a modern, low-maintenance living option. Built in 2020, it offers a move-in-ready condition with the benefits of a newer construction, including contemporary building standards and likely fewer immediate repair concerns. With 1,332 sqft of living space, the home provides a practical layout for everyday life, sitting comfortably within the average range for similar homes in the city.

Its appeal is rooted in value and modernity within a specific context. The property’s assessed value of $368k stands out as above average for its immediate street (ranking in the top 10%), suggesting it is a premium home on this particular lane. However, it’s notably below the average assessed value for the broader Peguis area, indicating it may offer more modern amenities or better condition for the price compared to older, potentially larger homes nearby. The lot size of 2,716 sqft is generous for the street but smaller than typical city lots, pointing to a manageable yard with less upkeep.

This property would suit first-time buyers or downsizers seeking a modern home without the worries of an older property. It’s also a practical fit for professionals who value a newer build and prefer to spend weekends living in their home rather than maintaining it. The data suggests it’s a smart choice for someone looking for a well-regarded home on its block, who prioritizes interior condition and modern features over a large lot or being in the most expensive segment of the neighbourhood.

Frequently Asked Questions

How does the assessed value compare to likely market value?
The assessed value of $368k is for municipal tax purposes. While it’s a useful benchmark, market value is determined by current buyer demand. The fact it’s above average for its street but below average for Peguis suggests it may be competitively positioned, but a professional appraisal or comparative market analysis is needed for an accurate listing price.

What are the implications of the lot size?
At 2,716 sqft, the lot is larger than most on the street but smaller than the Winnipeg average. This means a more manageable yard for gardening or entertaining, with less maintenance than a large lot, but may limit potential for large additions or pools.

As a 2020 build, what should I expect regarding major systems?
Major components like the roof, HVAC, and appliances are likely only a few years old and should be under manufacturer warranties or still have significant functional life remaining. It’s always wise to review builder documentation and have a home inspection to confirm the condition.

The home sold in 2020. Why is that previous sale price shown as a range?
For privacy and data licensing reasons, the exact historical sale prices are not publicly displayed in detail. The provided range gives a general idea of its last transaction value. For precise figures, you can request a manual lookup from the site.

How does this home’s space compare practically?
At 1,332 sqft, it offers space comparable to the city-wide average for homes. It’s well-suited for a small family or couple. It’s slightly smaller than the average home in the Peguis area itself, which tends to have larger, older homes, so you’re getting a newer, more efficient layout potentially at the expense of some square footage.