Property Overview: 353 Peguis Street, Winnipeg
Key Characteristics & Appeal
This is a modern, low-maintenance home built in 2021, offering a move-in-ready opportunity in Winnipeg. Its primary appeal lies in its new construction, which means modern building standards, energy efficiency, and minimal immediate repair concerns. At 1,248 sqft, the living space is compact and efficient, ranking below average for its immediate neighborhood but close to the citywide average, suggesting a practical layout for everyday living.
The property’s assessed value of $323k is notably below average for both the street and the broader Peguis area, potentially indicating a more accessible entry point into a neighborhood where surrounding properties hold higher values. This creates an interesting dynamic: you're acquiring a newer home while the land and location are valued within a higher-priced context. The lot is modest, especially compared to city and neighborhood norms, which translates to less yard upkeep—a plus for those seeking a simpler lifestyle.
This home would suit first-time buyers or downsizers looking for a modern, manageable property without the quirks and renovation projects of an older house. It’s also a pragmatic choice for investors or buyers focused on fiscal efficiency, offering newer infrastructure (likely lower maintenance costs) at an assessed value that sits below its immediate market.
Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
The data suggests it is. The home’s assessed value is the lowest on Peguis Street, yet it is one of the newest homes (ranked 6th newest out of 31). This could represent a value opportunity, as you're getting a recent build priced below the street's average.
2. How does the lot size impact living here?
At approximately 2,300 sqft, the lot is significantly smaller than the neighborhood and city averages. This means minimal yard maintenance, which is a benefit for those who prefer low upkeep. However, it also limits potential for expansions like large decks, additions, or extensive landscaping.
3. The home sold in early 2021. What does that indicate?
It was likely purchased new from the builder. The sale from that period falls within the typical price range for new construction at the time, and there has been no resale since, indicating the first owners may have lived there since completion.
4. Why is the assessed value so much lower than the neighborhood average?
The neighborhood average includes a wide variety of homes, many likely larger and on much bigger lots. This property’s combination of smaller living area and a compact lot size directly influences its lower assessment, despite its new age.
5. Where can I get verified historical price data for this property?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the full transaction history and exact figures via email from the provider, who will manually look up the data and send it to you.