Property Overview
49 William Tweed Terrace is a modern, well-sized home in Winnipeg's Peguis neighborhood. Built in 2023, it offers the benefits of a nearly new construction within a developing community. The home's living space of 1,873 sqft is comfortably above the citywide average, providing ample room for family life. It sits on a 6,317 sqft lot, which is notably larger than most on its street, offering generous outdoor space. With an assessed value of $545k, it represents a solid, above-average investment within its broader market context.
Key Characteristics & Appeal
This home’s primary appeal lies in its balance of new-build condition and established community metrics. It’s not the largest or most expensive on the block, but it consistently performs above average when compared to the wider neighborhood and city, suggesting a strong value proposition. The lot size is a standout feature for the immediate street, offering more private outdoor space than typical neighboring properties.
It would suit buyers looking for a move-in ready, modern home without the premium often attached to brand-new constructions. It’s ideal for growing families or professionals seeking space and a contemporary layout in a community where property values are generally rising. The data suggests it’s a sensible choice for someone who values a home that is both newer than most in the city and competitively positioned within its own emerging neighborhood.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $650k-$700k in late 2023. This sale price placed it in the top 12% on its street and top 2% in the Peguis neighborhood at that time, indicating it commanded a strong market price.
2. What does the "Above Average" ranking for the neighborhood actually mean?
For Peguis, rankings in the top 20% for value and top 16% for living area mean this home outperforms a clear majority of comparable properties in the area. It’s positioned in the upper tier without being an extreme outlier.
3. Is the lot size a significant advantage?
Yes. The lot is over 1,200 sqft larger than the street average, a meaningful difference that offers more potential for gardening, recreation, or future additions compared to direct neighbors.
4. The home is newer than most in Winnipeg. What are the implications?
With a build year in the top 1% citywide, major components like roofing, HVAC, and appliances are under warranty or have most of their lifespan ahead. This can translate to lower immediate maintenance costs compared to the typical Winnipeg home.
5. Where can I verify the exact historical sold price?
The site provides sold price ranges publicly. For fully verified, exact figures from official records, you must request a manual lookup via email, as this data is not sourced from the MLS system.