490 Tyson Trail

Property Overview: 490 Tyson Trail, Peguis, Winnipeg

Key Characteristics & Target Buyer

This home is a study in contrasts, defined by its modern build date within a well-established context. Built in 2021, it is a notably newer property compared to most of Winnipeg, ranking in the top 2% city-wide for age. This suggests modern construction standards, likely minimal immediate repair needs, and contemporary floor plans. The living space (1,389 sq ft) is compact relative to its immediate street and neighborhood, but aligns closely with the Winnipeg city average. Similarly, its $415k assessed value sits below the averages for Tyson Trail and Peguis, yet is above the city-wide benchmark, positioning it as a potentially more accessible entry point into this newer area.

The appeal lies in this balance: acquiring a near-new home with the associated benefits, at a value-oriented point within a neighborhood of generally larger, higher-valued properties. The trade-off is a smaller lot size (3,229 sq ft), which is below average at every comparison level. This suits buyers prioritizing a low-maintenance, modern interior over extensive outdoor space. It would be an excellent fit for first-time buyers, small families, or downsizers seeking a turn-key home in a developing community without the premium price tag of the largest models on the street. It represents a practical choice for those who value interior condition and age over maximizing square footage or yard size.

Frequently Asked Questions

1. Is this a good value compared to other homes on the street?
The data suggests it is priced below the street's average assessed value. You are effectively paying less for a newer but somewhat smaller home compared to many direct neighbors, which could represent value if the living space meets your needs.

2. What does the lot size mean for me practically?
At approximately 3,200 sq ft, the yard will be functional but compact. It's suitable for a small patio or deck and low-maintenance landscaping, but not for extensive gardens, large play structures, or significant privacy buffers from neighbors.

3. How does the "elite" city-wide ranking for year built affect the home?
This primarily indicates reduced likelihood of major near-term repairs (like roof, windows, or furnace replacements) common in older homes. It also typically means modern energy efficiency standards and interior layouts.

4. The living area is below the neighborhood average. How might that impact resale?
While the home may appeal to a specific buyer segment (as outlined above), its smaller size could be a limiting factor in the future within a neighborhood where larger homes are the norm, potentially affecting the pace of sale compared to bigger properties.

5. Where can I get the exact historical sold price for this property?
The site provides sold price ranges publicly. Due to industry data rules, exact sold prices are not displayed automatically but can be requested directly from the site via email, which they provide manually without using your contact for marketing.