Property Overview: 398 Tyson Trail, Winnipeg
This home presents a balanced, modern option in Winnipeg's Peguis neighborhood. Built in 2021, it offers the appeal of a nearly new construction without the premium often attached to the latest builds. Its key strength is its above-average position city-wide in both size (1,610 sq ft, top 25%) and assessed value ($475k, top 24%), suggesting a solid footprint for the price compared to the broader Winnipeg market. On its own street and in Peguis, however, it sits firmly in the middle of the pack—neither a standout nor an underperformer. This creates a specific dynamic: you're acquiring a home that is newer than 98% of properties across the city, yet it blends typically into a street and area filled with similar, recently built homes.
The appeal lies in this equilibrium. It suits buyers seeking a turn-key, modern home in an established new development, who value space and contemporary builds but are not necessarily looking for a unique standout property. It’s a practical choice for those who want to avoid the potential issues of an older home while being part of a cohesive, newer community. A thoughtful perspective is that its "average" standing locally could mean less volatility and more predictable resale value, as it moves with the neighborhood trend rather than relying on exceptional features.
Frequently Asked Questions
How does this home’s value compare to others nearby?
The home’s assessed value of $475,000 is very close to the street average ($479,400) and slightly below the Peguis neighborhood average ($488,300). This indicates it is priced consistently with its immediate peers.
Is the lot size typical for the area?
The lot of 4,465 sq ft is typical for Tyson Trail (avg. 4,396 sq ft) but is smaller than the average lot across the wider Peguis neighborhood (5,966 sq ft). This is common for newer subdivisions.
What does the "Elite" city-wide ranking for year built mean?
This means the 2021 build date is newer than approximately 98% of comparable homes across the entire city of Winnipeg. It highlights one of the property's chief advantages: a modern home in a city with a much older average housing stock.
Are there recent sales data for this specific property?
Yes. It last sold between $400,000 and $450,000 in September 2021. For verified, exact historical sale prices, you can request that information directly via email from the site.
How does the living space compare?
At 1,610 sq ft, it offers more space than the typical Winnipeg home (avg. 1,342 sq ft). On Tyson Trail and in Peguis, it is just slightly below the local averages, so it provides a spacious layout by city standards while being standard for its specific community.