Property Overview: 44 Dr. Michael K. Grace Lane, Peguis, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, low-maintenance home built in 2021, offering a move-in-ready experience in the Peguis neighbourhood. Its key appeal lies in its balance of new construction comforts and a competitively positioned assessed value of $350,000.
The 1,332 sqft living space is average for its immediate street but notably smaller than many homes in the wider Peguis area, suggesting an efficient, manageable layout rather than sprawling square footage. The lot size of 2,963 sqft follows a similar pattern: it's generous for the street but compact compared to the city average. This creates a practical, lower-maintenance yard.
Its value proposition is nuanced. The home ranks above average in value for its own street, yet sits well below the average assessed value for the Peguis area. This indicates it may be priced accessibly within a neighbourhood that has higher-priced properties overall. The home’s newness is a standout feature—it’s among the newest on its street and in the entire city, which typically translates to modern building standards, energy efficiency, and minimal immediate repair needs.
This property would best suit first-time buyers or downsizers seeking a modern home without a premium price tag. It’s also a practical fit for busy professionals who value a newer build’s reliability and prefer a smaller, manageable yard. Buyers prioritizing vast interior space or a large private garden might find it limiting, but for those seeking a smart, contemporary entry into homeownership, it presents a compelling opportunity.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s $350k assessed value is above average for its specific street but is in the bottom 3% for the broader Peguis area, where average values are significantly higher. This suggests it could represent a more accessible entry point into the neighbourhood.
2. What are the implications of the lot size?
At just under 3,000 sqft, the lot is larger than most on the street but smaller than 90% of lots city-wide. This means outdoor maintenance will be relatively minimal, but space for expansions, large gardens, or extensive privacy fencing may be limited.
3. As a 2021 build, what should I consider?
Being only a few years old, major systems like the roof, HVAC, and appliances should be in excellent condition and likely under any remaining builder warranties. It’s always wise to request documentation on any builder warranties that may be transferable.
4. What does the sold price history indicate?
Records show it last sold between $250k-$300k in March 2021, likely near its initial purchase price. The current $350k assessment reflects market appreciation since its construction. For the most accurate sale history, you can request exact figures via the website’s provided service.
5. Is the living space suitable for a growing family?
At 1,332 sqft, the living area is slightly below the average for Peguis. It typically indicates a functional layout with 2-3 bedrooms. Families should carefully consider if the space meets their long-term needs, as the compact lot may also limit the potential for a large addition.