Property Overview: 505 Tyson Trail, Peguis, Winnipeg
Key Characteristics & Appeal
This home at 505 Tyson Trail is a modern, well-sized property built in 2022, offering the advantages of a near-new construction. With 1,609 square feet of living space, it provides above-average roominess compared to the typical Winnipeg home, while its assessed value of $476k also sits above the citywide average. The appeal lies in this balance of contemporary build quality, practical space, and a value proposition that is competitive within its immediate neighborhood yet stands out in the broader city context.
The property is ideally suited for buyers seeking a move-in ready home without the concerns of older infrastructure, likely appealing to young families or professionals who value modern amenities and minimal immediate maintenance. A thoughtful perspective is that while the lot size is smaller than the city average, this often translates to less yard upkeep—a potential benefit for those with busy lifestyles. Its recent sale history shows solid value appreciation, indicating it's situated in a stable and desirable area of the Peguis neighborhood.
Frequently Asked Questions
1. How does this home compare in size and value to its neighbors?
Within its immediate area on Tyson Trail and in Peguis, this home is very typical—ranking around the average for both living area and assessed value among comparable properties. It fits seamlessly into the local market.
2. What are the advantages of a 2022 build year?
A home built just four years ago likely features modern building codes, energy-efficient standards, and contemporary floor plans. It significantly reduces the risk of major, near-term repair expenses common in older homes.
3. The lot size is noted as below the city average. Is this a concern?
The lot is approximately 4,017 sq ft, which is smaller than the Winnipeg average but consistent with many newer subdivisions. This can mean lower maintenance and is typical for the neighborhood, but it's important to consider your personal needs for outdoor space.
4. What does the sold price history indicate?
The home sold in July 2024 for an estimated $500k-$550k, and previously in February 2022 for an estimated $400k-$450k. This history suggests a strong pattern of value growth over a two-year period.
5. How can I get the exact sold prices?
The provided sold prices are estimated ranges from public data. For fully verified and exact sale figures, you must request a manual lookup by email through the website, as this information is not sourced from the MLS.