319 Peguis Street

Property Overview: 319 Peguis Street, Winnipeg

Key Characteristics & Appeal

This home is a modern, low-maintenance property built in 2021, offering a move-in-ready experience in a developing area. Its primary appeal lies in its contemporary construction, which stands out significantly compared to Winnipeg's older housing stock. The 1,327 sqft living space is efficiently sized, feeling spacious for its street and city-wide context, though it is notably more compact than the typical larger lots found in the broader Peguis neighborhood.

The property suits first-time buyers or downsizers seeking a newer build without the premium often attached to brand-new homes. It also appeals to value-conscious buyers who prioritize modern systems and finishes over expansive yard space. A thoughtful perspective is its positioning as a relatively affordable entry into a newer home, trading land size for modern convenience and potentially lower immediate upkeep costs. The assessed value sits comfortably below both neighborhood and city averages, suggesting a potentially competitive price point for a recent build.

Frequently Asked Questions

1. How does the lot size impact living here?
The land area is approximately 2,309 sqft, which is significantly smaller than most properties in the wider Peguis area. This means minimal yard maintenance but also limited private outdoor space. It's ideal for those who prefer low upkeep or whose lifestyle doesn't require a large yard.

2. Is the assessed value a reliable indicator of the market price?
The assessed value of $333k is a municipal calculation for tax purposes. It's around average for the street and below the city average, providing a useful benchmark. However, market conditions, the home's modern condition, and recent sale prices on the street will be more direct indicators of its current market value.

3. What does the "Elite" city-wide ranking for year built mean?
This indicates the home is newer than approximately 98% of comparable properties across Winnipeg. This is a major advantage, typically translating to modern building codes, energy efficiency, and less concern over major near-term repairs like roofing or HVAC replacement.

4. The home sold in 2021. What can that sale price tell me?
The previous sale price (listed in a range between CA$250k-300k) occurred when the home was new. While it shows initial value, the market has evolved since then. The current assessed value and recent sales of comparable homes on Peguis Street will offer more relevant insight into its present worth.

5. Why is the living area considered "Above Average" on the street but "Below Average" for the neighborhood?
This highlights the micro-neighborhood context. Peguis Street itself features homes of similar scale, making this property fit right in. The broader Peguis area, however, includes many homes with larger footprints on bigger lots. This street offers a distinct, more compact community feel within the neighborhood.