Property Overview: 36 Dr. Michael K. Grace Lane, Peguis, Winnipeg
Key Characteristics & Appeal
This is a modern, low-maintenance home built in 2021, offering a move-in-ready opportunity with the benefits of a newer build, such as updated systems and modern finishes. With 1,358 sqft of living space, it is notably spacious compared to other homes on its street, ranking in the top 5% locally for size. The assessed value of $346k positions it as an accessible entry point within the broader Peguis area, where average values are significantly higher.
The appeal lies in its balance of contemporary comfort and value. It suits first-time buyers or downsizers seeking a modern home without a premium price tag, and investors looking for a newer property with lower immediate repair risks. A thoughtful perspective is that while the lot size is compact compared to the wider city and area, this translates to less yard upkeep—a potential benefit for those prioritizing interior space and ease of maintenance over extensive outdoor space. Its value standing in the top 97% for the area (meaning it's assessed lower than 97% of Peguis) suggests it may offer relative tax efficiency within a desirable neighbourhood.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
Based on assessed values, this home is priced well below the Peguis area average, potentially offering good value within the community, especially for a newer build.
2. What does the "top 5%" ranking for living area mean?
On its own street, this home has more living space than 95% of comparable properties. It is one of the larger floor plans in its immediate locale.
3. Are there any concerns with the lot size?
The land area is compact, especially when compared to the broader city. This means smaller private outdoor space but also less maintenance. It’s a typical trade-off for newer subdivisions.
4. How current and reliable is the sold price data?
The listed sold price range from 2021 is based on public data. For fully verified and exact historical transaction figures, you must request a manual lookup via the site's email service.
5. What are the likely ongoing costs for a home of this age?
As a 5-year-old home, major components like the roof, furnace, and appliances are likely still within their expected lifespans, suggesting a period of lower anticipated major repair costs compared to an older home.