580 Transcona Boulevard

Property Overview: 580 Transcona Boulevard, Winnipeg

Section 1: Key Characteristics & Appeal

This home, built in 2017, offers modern living in Winnipeg's Peguis neighborhood. Its primary appeal lies in its relative newness and efficient use of space, presenting a move-in-ready property that avoids the maintenance concerns of older homes.

Key characteristics show a property that stands out on its own street. With 1,309 sqft of living area, it is larger than most immediate neighbors (ranking in the top 4% of 56 homes on Transcona Blvd). Its $411k assessed value is also above the street average, while the 3,017 sqft lot is generously sized for the local context. This suggests a well-positioned and updated home within its specific micro-market.

However, the perspective shifts when viewed against the broader Peguis area and the entire city. Here, the lot size is notably smaller than area averages, and the assessed value falls below the Peguis norm. This creates a unique value proposition: you are acquiring a newer, low-maintenance home with modern systems, but on a more compact urban lot.

This property would ideally suit first-time buyers or downsizers seeking a modern, "right-sized" home without major renovation projects. It’s also a practical choice for those who prioritize interior space and contemporary features over a large yard. The data suggests it represents solid value within its immediate vicinity, offering more house for the money compared to neighboring properties, even if it sits below the benchmark for the wider community.

Section 2: Frequently Asked Questions

1. Is this a good value for the area?
The data indicates it's a strong value on its street, offering more living space and a higher assessment than most direct neighbors. Compared to the broader Peguis area, the assessed value is below average, which could represent an opportunity to own a newer home in the community at a relatively accessible point.

2. What does the lot size mean for me?
At just over 3,000 sqft, the yard is manageable with less maintenance, which is a plus for many. However, it is significantly smaller than the typical lot in both Peguis and Winnipeg overall. This is fine for a patio or small garden but may not suit those wanting extensive outdoor space, a large garage, or significant future expansions.

3. The home is nine years old. What does that imply?
Built in 2017, it is a modern home, ranking in the top 5% city-wide for age. Major components like the roof, furnace, and windows are likely still in good condition, minimizing immediate capital costs. It’s past the initial "new build" settling phase but not yet facing the major renewal cycles of older homes.

4. How does the assessed value relate to a potential selling price?
The $411k assessment is a municipal valuation for tax purposes, not a market price. Notably, it sits above the street average but below the Peguis average. A buyer should use this as one data point, alongside recent sale prices of similar homes, to gauge market value. Historical data shows it last sold between $350k-$400k in mid-2021.

5. Who would this property not suit?
It may not be ideal for buyers seeking a large, traditional yard for gardening or recreation. Similarly, those looking for a home at or above the average Peguis price point for its size might find the value compelling, but those prioritizing maximum square footage or lot size within the broader area may find better options elsewhere.