Property Overview: 26 Donna Wyatt Way, Peguis, Winnipeg
Key Characteristics & Buyer Appeal
This home presents a practical balance in a modern Winnipeg neighbourhood. Built in 2016, it is a relatively newer property, ranking among the top 7% newest on its own street and the top 6% city-wide. This suggests lower immediate maintenance costs and contemporary building standards. With 1,385 sqft of living space, it offers a comfortably sized interior that is very close to the average for its immediate street and slightly above the city-wide average, fitting well for small families or couples.
The appeal lies in its value positioning. The assessed value of $388k is notably below the averages for both its street and the broader Peguis area, yet it aligns closely with the city-wide average. This indicates you may get a newer, well-sized home for a price that is competitive on a city scale, but potentially a relative value within its own desirable neighbourhood. The lot, at just under 3,000 sqft, is smaller than typical for Peguis and the city, which translates to less yard maintenance—a perk for some, but a limitation for others seeking expansive outdoor space.
This property would suit first-time buyers or downsizers looking for a modern, low-maintenance home in a developed area. It’s also a sensible fit for value-conscious buyers who prioritize the condition and age of the home itself over having a large plot of land. The historical sale data shows significant appreciation since 2016, indicating a stable investment in a growing area.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value ($388k) is set for tax purposes, it’s a useful benchmark. The fact that it's below the neighbourhood average but near the city average suggests the home may be priced accessibly for Peguis. However, market conditions and the home's specific features will ultimately determine the sale price.
2. How does the smaller lot size impact living here?
The 2,953 sqft lot is manageable and requires less upkeep, which is a benefit for those not wanting extensive gardening or yard work. It does mean less private outdoor space compared to many homes in Peguis, so it's worth considering if a large backyard is a priority.
3. The home sold in 2022 for between $500k-$550k. Why is the assessed value lower now?
Assessed value and market value can differ. The 2022 sale likely reflected a peak market period. The current assessed value is an estimate by the municipal assessor for property taxes, which often lags behind rapid market shifts and uses its own valuation formulas.
4. What does it mean that the home is "newer" compared to the city?
Ranking in the top 6% city-wide for year built means this home is significantly newer than the Winnipeg average (which is 1966). This typically translates to more modern building codes, materials, systems (like HVAC and wiring), and potentially better energy efficiency, reducing the need for near-term major renovations.
5. Are there comparable homes nearby to give a sense of the street?
Yes. For example, 178 Donna Wyatt Way, built the same year with a nearly identical layout and slightly higher assessment, is listed as "worth viewing." The data shows homes on this street are very similar in age and size, indicating a consistent, modern streetscape.