Property Overview: 355 Peguis Street, Winnipeg
Key Characteristics & Appeal
This is a modern, efficiently sized home built in 2021, offering a move-in-ready condition with the benefits of recent construction. At 1,335 sqft, its living space is above average for its specific street but notably more compact than the typical larger homes in the broader Peguis neighborhood. This creates an interesting dynamic: you own a newer, lower-maintenance property on a street of similar contemporary homes, within an established area where most lots and houses are significantly larger.
The appeal lies in its balance and value positioning. The assessed value of $361k is above the street average but well below the neighborhood average, suggesting a potentially attractive entry point into the area. The lot size (3,056 sqft) is generous for the street but smaller than area norms, translating to less yard maintenance—a perk for some, a limitation for others. It suits first-time buyers or downsizers seeking a modern, single-family home without the upkeep of an older property, and investors or practical buyers who prioritize efficient use of space and newer systems over sheer square footage. It’s a home for those who value being on a consistent, newer-built street within a mature community.
Frequently Asked Questions
1. How does the property’s value compare?
Its assessed value ($361k) ranks highly on its own street (top 16%) but is below the neighborhood average ($488.3k). This indicates it may offer relative value within the desirable Peguis area, though direct comparisons should consider the home’s smaller size and lot relative to many area properties.
2. What are the implications of the lot size?
At 3,056 sqft, the lot is larger than others on Peguis Street but smaller than most in the wider neighborhood. This means a manageable yard, but potentially less privacy or space for expansions like a large deck or addition compared to neighbors on larger lots.
3. Is the home significantly newer than others nearby?
Yes. Built in 2021, it is newer than 98% of homes city-wide. On its street, it’s average (the street's average build year is also 2021), but it is notably newer than the typical Winnipeg home, suggesting modern building standards and minimal immediate repair needs.
4. What does the sold price history show?
It last sold in April 2021 for between $300,000 and $350,000. This sale occurred at its completion, so the current assessed value reflects market changes since then. For exact historical sold prices, you must request the information directly via email from the site.
5. How does the living space feel for the area?
At 1,335 sqft, the home’s living area is above the street average but below the neighborhood average. It will feel spacious compared to immediate neighbors but more compact than many larger, older homes in the surrounding blocks. This efficiency is a key characteristic to consider.