Property Overview: 494 Tyson Trail, Winnipeg
Key Characteristics & Buyer Profile
This home presents a specific value proposition centered on its modern build and efficient footprint. Built in 2021, it is a notably newer property compared to most of Winnipeg, ranking in the top 2% city-wide for its year of construction. With 1,389 sqft of living space, it offers a manageable size that is close to the city average, though it is more compact than many homes in its immediate Peguis neighborhood and on Tyson Trail itself. The assessed value of $399k is below the averages for both the street and neighborhood, but aligns closely with the Winnipeg average, suggesting its price reflects a newer home in a developing area rather than a large lot or expansive square footage. The lot size is modest, which translates to less exterior maintenance.
The appeal lies in acquiring a near-new home with modern building standards and systems, likely requiring minimal immediate upkeep, at a price point that is competitive for a property of this age. It suits first-time buyers or downsizers seeking a low-maintenance, modern home without a premium for excess space or land. It may also appeal to value-conscious buyers who prioritize the condition and efficiency of the home itself over having a larger yard or being the biggest house on the block.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
The data indicates its assessed value is among the lowest on Tyson Trail, ranking 178th out of 180 homes. This is primarily due to its more compact living area and smaller lot compared to street averages. For buyers who don't need that extra space, this can represent a value entry point into a newer home on the same street.
2. What are the maintenance implications of a 2021 build?
A home built just 5 years ago should have major components (roof, HVAC, appliances) under warranty or with significant remaining lifespan. This can offer substantial savings and predictability compared to an older home, offsetting the smaller lot or living area for the right buyer.
3. How does the lot size impact daily living?
At 3,496 sqft, the yard is smaller than most in Peguis. This limits expansive gardening or large outdoor recreation space but minimizes landscaping time and cost. It's a practical fit for those with a busy lifestyle or who prefer low-maintenance outdoor areas.
4. The sold price history shows a range of $350k-$400k in 2021. What does that mean?
This was likely the original purchase price when the home was new. The current assessed value of $399k suggests stable value retention in line with that initial price, which is a positive indicator in a newer subdivision.
5. Why is the city-wide ranking for "Year Built" so high?
Winnipeg has a large stock of older homes, with a city-wide average build year of 1966. A 2021 construction date is therefore in a very rare, modern tier city-wide, highlighting one of this property's clearest advantages.