Property Overview: 394 Tyson Trail, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 394 Tyson Trail in Peguis is a modern, well-sized property built in 2021. Its primary appeal lies in its balance of space, age, and value within the broader Winnipeg market. With 1,578 sqft of living area, it offers above-average space compared to the typical city home. The assessed value of $468k positions it as a relatively premium property citywide, yet it is competitively priced within its own neighbourhood and street.
The home’s standout feature is its age. Being only five years old, it is newer than approximately 98% of homes across Winnipeg, suggesting modern construction standards, minimal immediate repair needs, and contemporary layouts. The lot size of 4,465 sqft is typical for the immediate area, offering a manageable yard.
This property would suit buyers seeking a move-in ready, modern home without the premium often attached to brand-new builds. It’s ideal for professionals or small families who value space and newer amenities but also appreciate being in an established, developing neighbourhood like Peguis where the home’s metrics are consistent with its peers. A thoughtful perspective is that while the home is elite in age citywide, it blends in on its own street, offering modern comforts without standing out as an anomaly, which can be appealing for those seeking community consistency.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is very much in line with the averages on Tyson Trail and in the wider Peguis area, ranking near the middle in both categories. This suggests it is priced fairly within its immediate market.
2. What are the advantages of a 2021 build?
A home from 2021 likely incorporates current building codes, energy efficiency standards, and modern floor plans. It should also carry significant remaining warranty coverage on major components, reducing near-term repair risks.
3. Is the lot size a limitation?
At 4,465 sqft, the lot is typical for the street and neighbourhood. It provides adequate outdoor space for gardening or recreation but is smaller than the citywide average. It suits those preferring lower yard maintenance.
4. How reliable is the sold price data shown?
The listed sold price range (CA$450k–500k) is based on publicly available data, not the MLS. For verified, exact historical sale figures, you must request a manual lookup from the site via email.
5. What does its “above average” citywide ranking for size and value mean?
It means that compared to all Winnipeg homes, this property offers more living space and a higher assessed value than most. This indicates a premium positioning in the overall market, which can be a factor for long-term value retention.