Property Overview: 442 Tyson Trail, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 442 Tyson Trail in the Peguis neighborhood is a modern, well-sized property built in 2022. Its key appeal lies in its balance and relative newness within the broader Winnipeg market. With 1,611 sqft of living space and an assessed value of $480k, it sits comfortably in the middle range for its immediate street and area, but stands out as above-average when viewed city-wide. Notably, its year of construction places it in the top 1% of homes across the entire city, indicating it is a significantly newer build than the typical Winnipeg house.
The property suits buyers looking for a move-in ready, modern home without a premium "brand new" price tag, as the initial depreciation phase has passed. It’s ideal for those who value a home that is newer than most in the city but who also appreciate being in a settled, comparably priced streetscape. The lot size is typical for the local area, suggesting a lower-maintenance yard suited for busy professionals or small families. A thoughtful perspective is that this home offers modern efficiencies and building standards (like updated insulation and electrical systems) that are rare in a city with a median home age from the 1960s, potentially translating to lower maintenance costs in the near term.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it is very representative of its immediate area on Tyson Trail and in Peguis. Its living space, value, and lot size are all consistently around the average for comparable nearby homes, meaning it fits right into the neighborhood fabric without being an outlier in size or price.
2. What does the "Top 1%" city-wide ranking for year built mean?
This highlights that Winnipeg's housing stock is predominantly older. A 2022 build is exceptionally new compared to the city's median home age of 1966. This suggests advantages in contemporary building codes, materials, and systems, and likely less immediate need for major updates or replacements.
3. The home sold in 2022. Is there information on that sale?
Yes, a sold price range (CA$400k-450k) is available from public records. For verified, exact sale figures and a full transaction history, you can request a manual lookup from the site via email, as they do not display MLS sold records directly.
4. Is the assessed value the same as the market value?
Not necessarily. The assessed value of $480k is used for property tax calculations. Market value is determined by current buyer demand and can be higher or lower. The assessment does indicate the home is valued above the city-wide average for tax purposes.
5. What are the potential trade-offs of a newer home on a standard lot?
While you benefit from a modern build, the land area (4,466 sqft) is smaller than the Winnipeg city-wide average lot. This means less outdoor space but also less yard maintenance. It’s a typical lot for newer subdivisions where land use is more efficient.