Property Overview: 322 Tyson Trail, Peguis, Winnipeg
Key Characteristics & Appeal
This home is a modern, low-maintenance property built in 2023, offering a move-in-ready experience in Winnipeg's Peguis neighbourhood. Its primary appeal lies in its new construction, which suggests modern building standards, energy efficiency, and minimal immediate repair needs. With 1,406 sqft of living space, it offers a practical footprint that is comfortably average when compared to the wider city, though it is notably more compact than most homes on its own street.
The assessed value of $407k positions it as a more accessible entry point within its immediate area, where average values are significantly higher. This creates a potential value proposition: you acquire a newer home in an established neighbourhood, but at a price point below the local norm. The lot size is modest, which translates to less yard upkeep—a plus for those seeking a lock-and-leave lifestyle or who prefer low-maintenance living.
This property would best suit first-time buyers or downsizers looking for a modern, manageable home without the premium often attached to newer builds in their direct vicinity. It’s a pragmatic choice for someone who prioritizes the condition and age of the home over having a large lot or the most square footage on the block.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data suggests it might be. The home's assessed value is below the average for both Tyson Trail and the broader Peguis area, while its build year is among the newest. This indicates you may be paying less for a newer property compared to its neighbours, though the living and land space are also smaller.
2. What does the sold price history indicate?
The home sold between $400k-$450k in late 2023. This sale price range was in the top 28% city-wide at the time, showing strong market performance, but was more average (top 53-64%) within its local and area context.
3. How does the lot size impact potential use?
At 3,508 sqft, the lot is smaller than most in Peguis and across Winnipeg. This limits potential for large additions, pools, or extensive landscaping, but it also means less time and money spent on yard maintenance.
4. Why is the living area considered "below average" for the street?
The home ranks 169 out of 180 for living area on Tyson Trail, where the average is about 1,653 sqft. This simply means the street consists predominantly of larger homes, making this one of the more compact options available there.
5. How can I verify the exact historical sold prices?
The provided sold price is an estimated range. Due to industry regulations, exact MLS sale figures are not displayed. You can request the precise transaction history by emailing the site directly for a manual lookup, which they provide as a free service.