421 Tyson Trail

Property Overview: 421 Tyson Trail, Peguis, Winnipeg

Key Characteristics & Appeal

This 2022-built home offers modern living in a neighborhood of newer construction. With 1,618 sqft of living space, it sits comfortably above the Winnipeg city average, providing a spacious feel compared to many older homes. Its assessed value of $475k is notably above the city-wide average, yet it is positioned as around average for its immediate street and the broader Peguis area, suggesting it is priced in line with its contemporary peer group.

The primary appeal lies in its balance of new-build advantages—like modern building standards and minimal immediate maintenance—within a well-established price bracket for the area. The lot size (3,782 sqft) is smaller than typical city lots, which may translate to less yard upkeep. This property would suit buyers seeking a turn-key, modern home who prioritize interior space and new systems over a large yard. It’s a pragmatic choice for professionals or small families looking in Peguis, offering a home that is newer than 99% of Winnipeg’s housing stock without a premium that places it at the very top of the local market.

Frequently Asked Questions

1. How does the property’s value compare to what it last sold for?
The home sold in July 2022 for between $400k and $450k. The current $475k assessed value represents a likely increase since that sale, consistent with market trends for newer homes in the area.

2. Is the lot size a concern?
The lot is smaller than both the Peguis and Winnipeg averages. This means less outdoor maintenance but also less private yard space. It’s a trade-off that aligns with low-maintenance living.

3. What does "around average" for the street and area really mean?
For key metrics like living area and value, this home isn’t an outlier. It fits squarely within the middle range of homes on Tyson Trail and in Peguis, indicating it’s a typical, representative property for this specific community of newer builds.

4. How accurate are the sold price figures shown?
The site notes that sold prices are based on public internet data, not the MLS, and are shown in $50k bands for non-members. For verified, exact historical sale figures, you must request a manual lookup via email from the service.

5. What is the likely condition given its age?
Built in 2022, the home is only about four years old. Buyers can expect most major components (roof, HVAC, appliances) to be under or just approaching the end of their original manufacturer warranties, implying minimal major repair costs in the near term.