Property Summary: 351 Peguis Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its modern age and efficient layout. Built in 2021, it is a notably newer construction compared to most Winnipeg homes, offering contemporary building standards and minimal immediate maintenance concerns. With 1,327 sqft of living space, it provides comfortable room for a small family or couple, ranking above average for size on its own street.
The primary appeal lies in this modern, move-in-ready condition within a neighbourhood of newer homes. The assessed value of $344k is consistent with other homes on Peguis Street, but sits significantly below the average for the wider Peguis area, suggesting a potentially more accessible entry point into this newer community. The lot size is compact (2,309 sqft), which translates to less yard upkeep—a plus for those seeking a low-maintenance lifestyle—but may not suit those wanting extensive outdoor space.
This property would best suit first-time homebuyers or downsizers looking for a modern, manageable home without the renovation needs of an older property. It’s a practical choice for those who prioritize interior space and new builds over a large yard. A less obvious perspective is that its compact lot and newer construction could lead to relatively predictable utility and maintenance costs, which is appealing for budget-conscious buyers.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is very typical for Peguis Street itself but is in the bottom 3% for the broader Peguis area. This indicates you are looking at a more affordable tier within a generally higher-value neighbourhood.
2. What does the "Elite" ranking for Year Built city-wide mean?
It means this 2021 build is newer than approximately 98% of all homes in Winnipeg, placing it in a very small segment of the city’s housing stock. This is a key feature highlighting its modern construction.
3. Is the lot size a concern?
The lot is smaller than most in the city and the area. This is a trade-off: it means minimal yard maintenance but also limited space for expansions, large gardens, or extensive outdoor recreation. It aligns with a low-maintenance lifestyle.
4. What can the 2022 sale price range tell us?
The home sold for an estimated $400k-$450k in August 2022, a price that was in the top 8% on its street at the time. This indicates strong past buyer competition for these newer homes on the street.
5. Where can I get verified sale price history?
The site notes that exact sale prices are not displayed due to industry rules. You must request them directly via email for a manual lookup, as they are not sourced from the MLS.