Property Overview
This two-storey home at 56 William Tweed Terrace in Winnipeg’s Peguis neighbourhood presents a modern, low-maintenance living option. Built in 2022, its key appeal lies in its contemporary construction, meaning it’s unlikely to require major system updates or repairs in the near future. With 1,646 sqft of living space, an attached garage, and a good-sized 3,781 sqft lot, it offers practical suburban family living. The home ranks highly for its newness compared to most of Winnipeg and sits on a larger-than-average lot for its immediate street. Its assessed value positions it solidly within the mid-range for the area. The basement exists but is not renovated, presenting a blank canvas for future expansion.
This property would suit first-time homebuyers or young families looking for a move-in-ready home without the worries of older infrastructure. It’s also a sensible fit for buyers who prefer a newer build but don’t require a massive footprint, valuing a balance between modern amenities and manageable space. A less obvious angle is its potential for an investor or buyer who sees value in the unfinished basement, as completing it could significantly increase the livable square footage and overall value down the line.
Frequently Asked Questions
Is this a brand-new home?
No, it was built in 2022, so it’s approximately four years old. This means it’s still very modern but past the initial builder warranty period, and any initial settling or minor issues should have already surfaced.
What does “basement, not renovated” mean?
It indicates the home has a basement, but it is unfinished. It likely has concrete floors and walls, with rough-in for utilities, offering potential for future development into additional living space, a recreation room, or storage.
How does this home compare to others on the street?
The data shows this home ranks in the top quarter for lot size on William Tweed Terrace, meaning its yard is larger than most of its direct neighbours. It’s also newer than about 70% of the homes on the street.
What is the Peguis neighbourhood like?
Peguis is a developing neighbourhood in Winnipeg. The presence of many recently built homes (like this 2022 model) suggests it’s a community with many new residents and modern amenities, likely appealing to those seeking a fresh suburban environment.
Why is the assessed value different from the listing price?
The assessed value ($46,800k) is for municipal tax purposes and is typically lower than a home’s current market value or listing price. It’s a useful benchmark for comparing the property’s municipal tax burden to similar homes in the area, but not for determining sale price.