Property Overview: 501 Tyson Trail, Peguis, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 501 Tyson Trail presents a compelling blend of modern comfort and practical value. Built in 2021, it is a notably newer property compared to the average Winnipeg home, offering buyers the advantages of contemporary construction standards, modern layouts, and minimal immediate maintenance. With 1,646 sqft of living space, it provides ample room for a growing family or those seeking a comfortable upgrade, ranking above the city-wide average for size.
Its primary appeal lies in its balanced positioning. The property doesn't necessarily lead in any single category within its immediate neighborhood but offers solid, above-average metrics when viewed in the broader city context. The assessed value of $479k is consistent with similar homes on Tyson Trail and in the Peguis area, yet sits significantly above the Winnipeg average, suggesting a perceived value in the location and the home's newer condition. The lot size of 4,016 sqft is manageable, favoring those who prefer less yard upkeep.
This home would ideally suit practical-minded buyers—young families, professionals, or downsizers—who prioritize a move-in ready, modern build without venturing into the premium luxury market. It’s for someone who values a home that is newer than most in the city, offers comfortable space, and sits in an established area where its value is the norm rather than an outlier. A thoughtful perspective is that this property represents a "low-regret" choice: it avoids the risks and upkeep of an older home while being priced accessibly within its own community.
Section 2: Frequently Asked Questions
1. How does this home's value compare to others in Winnipeg?
The home's assessed value of $479k ranks within the top 23% city-wide, meaning it is valued higher than about 77% of homes in Winnipeg. This is largely driven by its newer age (2021 build) and above-average living area compared to the city's older housing stock.
2. Is the lot size typical for the area?
Yes. The 4,016 sqft lot is very close to the average for Tyson Trail and is generally consistent with lots in the broader Peguis area. It is, however, below the city-wide average lot size, which is common for newer subdivisions compared to older neighborhoods.
3. What can past sale prices tell us?
The home has sold three times since 2021. The sale prices have consistently ranked in the top tiers (top 5-11%) for the street and area at the times of sale, indicating strong demand for homes on this specific street. For exact historical sale figures, a manual lookup can be requested from the site.
4. Who would this property not be ideal for?
It may not suit buyers seeking a very large yard, as the lot is more compact than the Winnipeg average. It might also not appeal to those looking for a vintage character home or a standout luxury property, as it presents as a solid, average-to-above-average home within its own immediate context.
5. What does the "Elite" ranking for Year Built city-wide mean?
This indicates the home is newer than approximately 98% of all residential properties in Winnipeg. This is a key differentiator, offering benefits like modern building codes, energy efficiency, and likely fewer major repair needs in the near term compared to the city's median home age from 1966.