Property Overview: 40 Larry Vickar Drive W, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a specific value proposition centered on its modern build year and efficient size. Built in 2017, it is a notably newer home compared to the Winnipeg average, offering buyers modern construction standards and likely lower immediate maintenance. With 1,302 sqft of living space, it is compact relative to many homes in its immediate area and the broader Peguis neighbourhood, but is closer to the city-wide average, suggesting an efficient, manageable layout.
Its primary appeal lies in this balance of newer construction and a practical footprint, which is reflected in its financial profile. The assessed value of $409k sits below the averages for its street and neighbourhood, yet is slightly above the city-wide average. This indicates a potential value opportunity for a buyer seeking a newer home without paying the premium typical for larger lots or more square footage in this specific area. The lot, at just under 3,000 sqft, is smaller than most in the city, which translates to less yard maintenance.
This property would best suit first-time buyers, downsizers, or investors looking for a modern, low-maintenance home. It’s ideal for those who prioritize the condition and age of the home over having expansive indoor or outdoor space. A thoughtful perspective is that this home represents an entry point into a newer build in a developed area, trading lot size and interior square footage for the benefits and cost savings of a contemporary structure.
Section 2: Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
The data shows its assessed value is in the bottom tier (Top 95%) on Larry Vickar Drive W, where average values are around $497k. This suggests it is priced lower than most direct neighbours, which could be due to its smaller living area and lot size.
2. How does the age of this home compare to most in Winnipeg?
Its 2017 build year is a standout feature. It ranks in the top 5% city-wide for newness, meaning it is significantly newer than the typical Winnipeg home, which averages from around 1966.
3. What should I know about the lot size?
At 2,952 sqft, the lot is smaller than most in both the Peguis area and Winnipeg overall. This means less outdoor space and yard upkeep, which some buyers may see as a benefit for lifestyle or time savings.
4. How reliable is the sold price history shown?
The site notes that sold price data is from public sources, not the MLS, and is presented in a range (e.g., CA$350k–400k). For fully verified and exact historical sale figures, you must request them directly via email from the site.
5. Who would this home not be ideal for?
It may not suit buyers looking for generous indoor living space, a large yard, or who want their property to be at the top end of the neighbourhood's value range. Families needing multiple large bedrooms or dedicated recreational space might find it limiting.