Property Overview: 318 Tyson Trail, Winnipeg
Key Characteristics & Buyer Appeal
This is a modern, recently built home (2023) in Winnipeg's Peguis neighborhood. Its primary appeal lies in its new construction, offering move-in readiness and contemporary building standards. At 1,507 sqft, the living space is above average for the city but more modest compared to other homes on Tyson Trail and within Peguis. The lot size is compact, which translates to lower maintenance but less private outdoor space.
The property presents a compelling value perspective. Its assessed value ($417k) is below the averages for its immediate street and neighborhood, yet it is a newer home in a community of newer homes. This suggests a potential opportunity for a buyer seeking modern amenities in a developing area at a relative value. It would suit first-time buyers or downsizers who prioritize a modern, low-maintenance home without needing a large yard, and who are comfortable in a neighborhood where their home is one of the newest on the block.
Frequently Asked Questions
1. Is this a good value for the money?
The data suggests it might be. The home's assessed value is below the average for both its street and neighborhood, yet it is one of the newest homes in the area. This could indicate a competitive entry point into a modern community.
2. What are the trade-offs for a newer home like this?
The main trade-off is space. The lot and living area are smaller than many neighboring properties. You're gaining modern construction and systems, but with less interior and exterior square footage compared to peers on the same street.
3. How does the neighborhood feel, given the mix of home ages?
Tyson Trail and Peguis feature a wide range of construction years. With this home being from 2023, it sits among many other recent builds, indicating a newer, developing section of the community rather than an established, mature street.
4. What does the sold price history tell us?
It last sold in late 2023 for an estimated $450k-$500k. This is above its current assessed value, but market conditions and property improvements since then can affect this. For precise historical figures, a manual records check is recommended.
5. How does it compare to the homes right next door?
Direct neighbors at 314 and 330 Tyson Trail are also from 2023 with very similar sizes and assessed values, indicating a consistent character and value for this specific cluster of new homes on the street.