Property Overview: 51 Margaret Swann Drive, Winnipeg
Key Characteristics & Appeal
This 1,202 sqft bungalow, built in 2016, presents a compelling value proposition defined by its context. Its primary appeal lies in being a modern, low-maintenance home in a neighbourhood of newer properties, but with a price point that stands out for its city-wide value.
The home is smaller than most on its street and in the immediate Peguis area, which is reflected in its below-average assessed value for the street ($456k vs. a $527.6k street average). This creates an accessible entry point into a modern subdivision. When viewed from a city-wide perspective, however, the picture changes: the assessed value is above the Winnipeg average ($390.1k), and the 2016 build date is significantly newer than the typical city home (average year built 1966). The lot size is a comfortable 5,340 sqft, which is above average for Peguis.
This property would suit first-time buyers or downsizers seeking a newer build without a premium street price, prioritizing modern systems and minimal immediate repairs over square footage. It also appeals to the value-conscious buyer who recognizes that paying for a newer home city-wide often costs more, making this a relatively efficient purchase. A less obvious perspective is that buying a smaller home on a street of larger ones can be a prudent long-term play, offering potential for value growth as the neighbourhood matures.
Frequently Asked Questions
1. Is this home a good value compared to others in Winnipeg?
Based on assessed values, this home is priced above the Winnipeg average but is significantly newer than the typical city home. You are paying a premium for a modern build (2016) compared to the city's median home age, but less than you would for similar age and size in many newer suburbs.
2. Why is the assessed value lower than the street average?
The assessed value is primarily lower because the living area is notably smaller (1,202 sqft) than the street average (1,723 sqft). This suggests it may be a more compact model or layout compared to its immediate neighbours.
3. What does the sale history indicate?
The home sold previously in 2016 and 2020. The data shows the 2020 sale price was in the 75th percentile for the street at that time, meaning it sold for more than 75% of comparable street sales. This indicates a history of holding value relative to its immediate location.
4. How does the lot size compare?
At 5,340 sqft, the lot is above average for the Peguis area but around average for Winnipeg. It offers a decent outdoor space for a newer subdivision, larger than many of its direct neighbours.
5. Where can I get verified, exact sale prices from the past?
The site notes that exact sale prices are not displayed publicly due to industry rules. You must request them via email from the service, which will perform a manual lookup and send the figures directly to you.