Property Overview & Key Characteristics
This 2017-built, one-storey home in Winnipeg's Peguis neighbourhood offers modern convenience in a practical layout. Its key appeal lies in being a relatively new, low-maintenance property with a detached garage and a full, unrenovated basement offering potential. At 1,160 sqft of living space on a 3,683 sqft lot, it ranks above average in size for its immediate street and neighbourhood, suggesting good value for the space.
The home suits first-time buyers looking for a move-in-ready property without the concerns of an older home, or downsizers seeking single-level living with room for guests or hobbies in the basement. Its above-average rankings for lot and living area size on its street indicate it may feel more private or spacious than some nearby options. A thoughtful perspective is that while the basement is unfinished, it represents a clear opportunity for customization or future equity growth, rather than an immediate cost. The property’s assessed value is solid for the area, positioning it as a stable, middle-ground option rather than a luxury purchase.
Frequently Asked Questions
1. What is the significance of the property’s rankings (e.g., "Top 15% in same street")?
These rankings compare specific features of this home against all other listed properties on the same street, in the neighbourhood, and across Winnipeg. For example, ranking in the top 15% for lot size on its street means its land area is larger than 85% of its direct neighbours, a positive indicator for outdoor space and relative privacy.
2. The basement is listed as "not renovated." What should I expect?
This typically means the basement is unfinished. It has been built and is likely insulated and includes basic structural elements, but the walls, floors, and ceilings are not completed with drywall, flooring, or finished ceilings. It’s a blank canvas for future development, subject to permits and inspections.
3. How does the assessed value compare to the likely selling price?
The assessed value ($41,400) is for municipal tax purposes and is often significantly lower than current market value. It should not be used as a direct indicator of listing or sale price. Market value is determined by recent sales of comparable homes, condition, and current demand.
4. What can the "People also viewed" listings tell me?
These listings show what other buyers considering this home are looking at. They provide context on alternative options in a similar price range or area. For instance, the mix of newer homes in Peguis and older ones in other neighbourhoods can help you gauge what your budget affords elsewhere.
5. The home is nine years old. Are there any major components nearing replacement?
While a 2017 build is modern, key components like the roof, HVAC system, and major appliances are approaching the mid-point of their typical lifespans. A pre-purchase inspection is recommended to assess their condition, though they likely have several years of service remaining before significant investment is needed.