Property Overview: 40 Tyson Trail, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling mix of modern convenience and relative value. Built in 2019, it is a notably newer property compared to the average Winnipeg home, offering buyers move-in readiness and contemporary building standards. With 1,468 sqft of living space, it provides comfortable room for a small family or couple, sitting at a practical size that is common citywide.
The primary appeal lies in its positioning. The assessed value of $428k is below the average for both its immediate street and the broader Peguis area, suggesting a potentially more accessible entry point into a newer neighbourhood. However, it sits around the average for the entire city, indicating you are paying a fair market price for a modern home without a significant "neighbourhood premium." The lot is compact at 3,545 sqft, which translates to less yard maintenance—a plus for those seeking a lock-and-leave lifestyle or who prefer to spend less time on upkeep.
This property would suit first-time buyers or downsizers looking for a modern, low-maintenance home without the premium price tag often found for new builds in their immediate vicinity. It’s a pragmatic choice for someone who values a recent build year and efficient space over a large lot or top-tier ranking within its own micro-area.
Section 2: Frequently Asked Questions
1. Is this home a good value compared to its neighbours?
The data suggests it may be. Its assessed value is below the average for both Tyson Trail and the Peguis area, while offering a similar modern build year. This could indicate a value opportunity within its immediate locale.
2. What are the trade-offs for the newer build year?
The home trades lot size for modernity. The land area is below average on every scale, meaning outdoor space is limited. This is a typical trade-off in newer subdivisions compared to older city neighbourhoods.
3. How does it compare to the average Winnipeg home?
City-wide, this property is stronger. It is in the top 4% for year built (much newer than average) and has above-average living space. Its value is around the city median, so you're getting a newer, adequately sized home at a typical Winnipeg price point.
4. What does the sold price history indicate?
It last sold in 2019, within the $350k-$400k range. The current $428k assessment reflects market appreciation since then. The historical sold price ranks highly (top 96%) on its street, hinting it was a strong value purchase at that time.
5. Where can I get verified sale history details?
The site notes that exact sold prices are not displayed publicly due to industry rules. You must request the exact figures via email from the service, which will provide a manual lookup.