Property Overview & Key Characteristics
This 2020-built bi-level home in Peguis offers a modern, low-maintenance foundation in a newer neighbourhood. Its key appeal lies in its balance of recent construction and a practical layout. At just over 1,000 sqft of living space and a 3,839 sqft lot, it sits in a comfortable middle ground—more spacious than many starter homes but without the upkeep of a larger property. The detached garage and existing (unrenovated) basement provide clear utility and future potential.
The home would suit first-time buyers or downsizers seeking a newer build to avoid major immediate repairs, and who value a quiet, established street within a developing area. A thoughtful perspective is that while the living area is modest, the property ranks highly for its lot size on its street (top 16%), suggesting better outdoor space and spacing from neighbours than many nearby homes. Its assessed value is notably consistent with the area, indicating a stable, non-speculative pricing environment.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as existing but not renovated. This presents a blank canvas for future expansion but requires investment to become living space.
2. How does this home compare to others on the street?
Data shows it is among the newest on its street (top 5%) but has a more average living area size (top 74%). This suggests you’re buying into one of the more modern structures on the block.
3. What is the neighbourhood like?
Peguis is a newer Winnipeg community. The listing shows several nearby comparable homes built from 2016-2023, indicating a fresh, contemporary streetscape with similar property types.
4. Is the price in line with the area?
The assessed value of $42.1k is very close to several recently built, similarly sized homes in Peguis (e.g., 178 Donna Wyatt Way at $42.3k), suggesting it is priced consistently with the local market.
5. What are the long-term considerations?
As a 2020 build, major components like the roof, furnace, and windows should have considerable life left, offering a period of predictable upkeep costs. However, as one of the newer homes, the potential for future special levies for neighbourhood infrastructure (like road repairs) common in developing areas is worth investigating.