485 Tyson Trail

Property Overview: 485 Tyson Trail, Peguis, Winnipeg

Key Characteristics & Buyer Appeal

This 2021-built home offers a practical, modern living space in a newer Winnipeg neighbourhood. Its key appeal lies in being a well-maintained, contemporary property that requires minimal immediate work. With 1,574 sqft of living area, the home provides above-average space compared to the wider city, though it is typical for its immediate street and area. The assessed value of $459K follows a similar pattern—positioned around the average for Peguis but above the Winnipeg citywide average, suggesting a solid investment in a desirable area.

A thoughtful perspective is its relative modernity. Being built in 2021 places it in the top 2% of homes citywide by age, meaning major components like roofing, HVAC, and appliances are likely under warranty or have considerable life left. This translates to predictable monthly costs for the next owner. The lot size (4,156 sqft) is smaller than the city average, which may appeal to buyers seeking lower-maintenance outdoor space without sacrificing a private yard.

This property would best suit first-time buyers or young families looking for a move-in-ready home in a developing community. It’s also a sensible choice for value-conscious buyers who prioritize modern construction and systems over a larger lot size, and for those who appreciate a home that ranks favorably in broader city comparisons.

Frequently Asked Questions

1. How does this home’s value compare to its neighbours?
The home’s assessed value is very consistent with its surroundings, ranking near the average for both Tyson Trail and the broader Peguis area. This indicates it is priced in line with the local market, neither an outlier nor undervalued.

2. What are the advantages of a 2021 build?
A home of this age typically means modern building codes, energy-efficient standards, and all major systems (like plumbing, electrical, and heating) being nearly new. This can offer significant savings on repairs and utilities in the early years of ownership.

3. Is the lot size a limitation?
At approximately 4,156 sqft, the lot is smaller than the Winnipeg average. This is common in newer subdivisions and can be a benefit for those wanting less yard maintenance. It still provides adequate space for a patio, garden, and recreational use.

4. What does the sold price history indicate?
Records show it last sold between $400K-$450K in December 2021. The current assessed value of $459K reflects market appreciation since that time. For the most accurate and verified sale history, you can request a manual lookup via email on the site.

5. How does the living space compare for a growing family?
At 1,574 sqft, the living area is above the citywide average, offering comfortable room for a family. It is slightly below the average for the immediate street and area, so it’s wise to view the layout to ensure it meets specific spatial needs.