Property Overview: 338 Philip Lee Drive, Winnipeg
Key Characteristics & Appeal
This home, built in 2016, presents a balanced offering in the Peguis neighborhood. With 1,268 sqft of living space, it is a moderately sized home that sits around the average for its immediate street and the wider city, but is notably smaller than many homes in the broader Peguis area. Its true standout features are its lot size and value positioning. The 6,140 sqft land area is generously above average for Peguis, offering substantial outdoor space relative to many local lots. The assessed value of $522,000 tells a compelling story: while it is around average for Philip Lee Drive, it ranks well above average for both the Peguis area and the entire city, suggesting a strong perceived value in broader comparisons.
The appeal lies in this combination of a modern build (just 10 years old), a larger-than-average lot for the neighborhood, and a value assessment that positions it favorably against wider market benchmarks. It would suit buyers looking for a relatively newer home in a developed area without paying a premium for the largest interior square footage, but who prioritize outdoor space and a solid value proposition within the city context.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 1,268 sqft, the living area is smaller than the average home in the Peguis area but is close to the average size for the city of Winnipeg overall. On its own street, it ranks in the top 69%, meaning about a third of nearby homes are smaller.
2. What does the assessed value tell us about this property?
The $522,000 assessment is above average when compared to both the Peguis neighborhood and the entire city, ranking in the top 30% and 16% respectively. This indicates that for its lot size, age, and area, the property holds a strong assessed value relative to a broad range of comparable homes.
3. Is the lot size a significant feature?
Yes. The 6,140 sqft lot is a key asset, ranking in the top 18% within the Peguis area. This means it offers more outdoor space than over 80% of lots in the neighborhood, which is a notable advantage for a home of this age and value.
4. When was it last sold and for what price?
The property last sold in October 2021. The public record shows a sold price range of CA$500,000–$550,000. Exact sale figures require a manual lookup request through the site.
5. How does the year built affect its value and appeal?
Built in 2016, the home is significantly newer than the Winnipeg city-wide average home (built in 1966), ranking in the top 6%. This modern build age likely contributes to its above-average assessed value for the city and suggests potentially lower immediate maintenance costs compared to older stock.