Property Overview: 32 Dr. Michael K. Grace Lane, Winnipeg
Key Characteristics & Buyer Appeal
This home presents a compelling mix of modern convenience and relative value within Winnipeg’s Peguis neighborhood. Its primary appeal lies in being a nearly new build (2021) that stands out for its age both on its street and city-wide, suggesting minimal immediate maintenance and modern building standards. With 1,332 sqft of living space, it offers a practical footprint that is very close to the city average, suitable for a small family, couple, or an investor.
A thoughtful perspective is its position as a value proposition within its immediate area. While its assessed value ($342k) is average for its street, it ranks in the top 98% for the broader Peguis neighborhood, meaning it is assessed significantly below the area average of $488k. This could indicate a more affordable entry point into the neighborhood. The lot size (2,716 sqft) is above average for the street but smaller than typical for the area and city, pointing to a lower-maintenance yard—a plus for some, a drawback for others.
This property would suit first-time buyers or downsizers seeking a modern, move-in-ready home without a premium price tag. It also appeals to the practical buyer who prioritizes a newer build and efficient layout over a large lot or estate-sized property.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
Its assessed value of $342k is around average for its specific street but is notably below the broader Peguis neighborhood average. This suggests it may offer more square footage and newer construction for the dollar compared to many area homes.
2. What does the "nearly new" build year mean for me?
Built in 2021, the home is likely under warranty for major components and built to recent building codes. It should have higher energy efficiency and require less near-term spending on big-ticket repairs like roofing or HVAC compared to older stock.
3. Is the lot size a concern?
At just over 2,700 sqft, the lot is smaller than many in Winnipeg. This means less outdoor maintenance and gardening, which is a benefit for those seeking simplicity. However, it offers limited space for expansions, large decks, or extensive private landscaping.
4. What is the history of sold prices for this home?
Public records indicate it last sold between $250k-$300k in January 2021. For fully verified and exact historical transaction figures, a manual records lookup is required, which the listing service can provide upon request.
5. How does the living space feel in context?
At 1,332 sqft, the living area is very close to the Winnipeg average. It’s a efficient size that ranks as "around average" on its street and city-wide, but "below average" for the Peguis neighborhood specifically, where homes tend to be larger. This reinforces its position as a more compact, manageable option in the area.