Property Overview: 389 Tyson Trail, Peguis, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 389 Tyson Trail is a modern, well-sized property built in 2022, offering the advantages of a near-new construction with minimal maintenance concerns. Its key appeal lies in its balanced and efficient profile. With 1,646 sqft of living space, it provides ample room for a growing family or those seeking a comfortable, low-hassle home, ranking above the city-wide average for size. The assessed value of $481k positions it as a premium property compared to the typical Winnipeg home, yet it is very much in line with the averages for its immediate street and the broader Peguis neighbourhood, suggesting a fair market valuation within a desirable area.
The lot size of 3,782 sqft is smaller than the city norm, which translates to less yard maintenance—a potential benefit for busy professionals or those not seeking extensive gardening. Conversely, it offers less private outdoor space than some older neighbourhoods. The home’s standout characteristic is its age; being built in 2022 places it in the top 1% of homes city-wide by newness, meaning modern building standards, energy efficiency, and contemporary layouts.
This property would best suit buyers prioritizing a move-in ready, modern home in a developing community who value interior space and modern amenities over a large traditional yard. It’s ideal for those looking to avoid the immediate renovation costs and surprises often associated with older homes.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is almost exactly at the average for Tyson Trail and the Peguis area, indicating it is priced consistently within its immediate market. However, it is assessed significantly higher than the Winnipeg city-wide average, reflecting the premium for newer homes in modern neighbourhoods.
2. What are the implications of the lot being smaller than the city average?
The 3,782 sqft lot requires less upkeep, which can be a practical advantage. However, it may limit options for large additions, pools, or extensive landscaping. It’s a trade-off that emphasizes the home itself and a more manageable outdoor space.
3. As a 2022 build, what can I expect regarding maintenance and systems?
You can expect all major components—roof, siding, HVAC, appliances, and plumbing—to be under or just approaching the end of their manufacturer warranties. This offers considerable peace of mind and predictable costs for the near future, a major advantage over older stock.
4. The data shows a sale in early 2022. Is this the original purchase?
Likely, yes. Given the 2022 build date, the recorded sale from February 2022 is almost certainly the original purchase from the builder. Requesting the exact sold price history can confirm this and provide the precise baseline.
5. How does the living area truly compare to other available homes?
While near the average for its street and area, this home’s living space is larger than approximately 77% of all homes in Winnipeg. This means it offers more interior space than the vast majority of the city’s housing stock, which is a significant asset.