Property Overview: 309 Peguis Street, Winnipeg
Key Characteristics & Appeal
This is a modern, low-maintenance home built in 2021, offering a turnkey solution in Winnipeg's Peguis neighborhood. Its primary appeal lies in its contemporary construction, which places it among the newest 2% of homes city-wide, suggesting modern building standards, energy efficiency, and minimal immediate repair needs. With 1,327 sqft of living space, it is very typical for the city and its immediate street, offering comfortable room for a small family, couple, or professional.
The property presents a nuanced value proposition. Its assessed value ($333k) is notably below the Peguis neighborhood average, yet it is a newer home on a street where most houses are of a similar recent vintage. This indicates you are acquiring a modern home without necessarily paying the full "neighborhood premium," which could be attractive for value-conscious buyers seeking newer builds. The trade-off is a smaller land area (2,309 sqft), which is common for newer infill developments and means less yard upkeep but also less private outdoor space.
This home would best suit first-time buyers, downsizers, or investors looking for a modern property with predictable costs. It’s ideal for those who prioritize a move-in-ready interior over a large lot. A thoughtful perspective is that this property represents a specific segment of the market: modern living in a mature neighborhood, offering a balance between contemporary comforts and established community character, without the premium lot size of older area homes.
Frequently Asked Questions
1. How does the sold price history inform the current value?
The home sold in March 2024 for an estimated $400k-$450k, which was in the top 15% for its street at that time. Prior to that, it sold for $300k-$350k when new in 2021. This history shows strong appreciation and suggests a competitive market for well-maintained, newer homes on this street.
2. What does the "Below Average" land area mean practically?
The lot is smaller than most in the broader Peguis area. This translates to lower maintenance and potentially lower property taxes tied to land value, but also limited space for expansions, large gardens, or extensive outdoor recreation. It aligns with a low-maintenance lifestyle.
3. The assessed value is below the neighborhood average. Is that a red flag?
Not necessarily. The Peguis neighborhood average includes many older, larger-lot homes. This assessment reflects this property's specific attributes—a newer home on a smaller lot. It often indicates a more efficient use of space and can mean a relatively lower tax burden compared to older, larger properties in the same postal code.
4. How does the age of this home compare to others nearby?
It is above average for its street and neighborhood, and elite city-wide. On its specific block, it's among the newest homes (top 19%), meaning you are unlikely to be the only owner with a recent build, which can be positive for consistent streetscape and future resale.
5. Where can I get verified sale price data for this property?
The site provides sold price ranges based on public data. For fully verified figures and a complete transaction history, you must request a manual lookup via email, as this platform does not display MLS-sourced sold records due to industry regulations.