Property Overview: 48 Larry Vickar Drive W, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of modern build quality and relative value. Built in 2018, it is notably newer than most homes in Winnipeg, ranking in the top 5% for its age on its own street and city-wide. This translates to likely lower maintenance costs and contemporary building standards. With 1,302 sqft of living space, it offers a functional size that is quite typical for the city overall, though it is somewhat more compact than many homes in the immediate Peguis area.
The assessed value of $441k tells an interesting story: it sits above the city-wide average for comparable homes, indicating solid inherent value, yet it is priced below the average for its own street and neighbourhood. This suggests a potential value opportunity for a buyer in a well-regarded, newer area. The lot size of 2,952 sqft is manageable, favoring those who prefer less yard upkeep.
This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home without sacrificing location. It’s also a practical fit for value-conscious buyers who recognize the advantage of a newer build in an established area, even if the interior space is efficient rather than expansive.
Frequently Asked Questions
1. Is this a good value for the area?
The data suggests it might be. While the assessed value is above the Winnipeg average, it is actually below the average for both Larry Vickar Drive and the broader Peguis area, indicating you may get more modern home for your dollar here compared to neighbouring properties.
2. What does the "Elite" ranking for year built mean?
It means this 2018-built home is among the newest 5% of comparable properties on its street and in the entire city. You are unlikely to find many homes of a more recent vintage, which typically correlates with modern layouts, materials, and systems.
3. How does the lot size compare?
The lot is under 3,000 sqft, which is smaller than the typical Winnipeg property and below average for Peguis. This is a plus for those wanting minimal yard work, but a consideration for those dreaming of extensive gardens, large decks, or future expansions.
4. The home last sold in 2019. Why is the exact price not shown?
Due to data licensing rules, precise sold prices are not displayed publicly on this site. The available data shows it sold within the $300k-$350k range at that time. For verified, exact historical prices, you can request a manual lookup from the site via email.
5. The living area seems smaller than neighbours'. Is that a concern?
At 1,302 sqft, the home is indeed more compact than the average on its street (~1,587 sqft). This reflects an efficient use of space. It’s a trade-off: you get a newer build, but potentially with fewer rooms or smaller room sizes than some older, larger homes nearby.