Property Overview: 267 Le Peress Avenue, Winnipeg
Key Characteristics & Appeal
This 1,422 sqft home, built in 2016, stands out in its Riverbend neighbourhood for its modern age and above-average assessed value. Its primary appeal lies in being a relatively new construction on a well-established street, offering modern systems and design without the premium of a brand-new subdivision. The home ranks in the top tiers for its year built and assessed value compared to its immediate street, the wider neighbourhood, and the city, suggesting a property that has been well-maintained and is viewed favorably in the market.
The living space is comfortably above average for the street and neighbourhood, though the lot size is more typical. This combination suits buyers seeking a modern, move-in ready home with less concern for extensive yard maintenance. It would particularly appeal to professionals or small families looking for the efficiencies of a newer build in a mature area, and to value-conscious buyers who recognize that a higher assessment often correlates with lower property taxes relative to market value in Winnipeg.
Frequently Asked Questions
1. Why is the assessed value so much higher than nearby homes?
The assessed value of $476k is significantly above averages for the street, area, and city. This is largely driven by the home's modern build year (2016), which means newer construction materials, systems, and building codes, resulting in a higher valuation.
2. How does the lot size compare?
At just under 5,000 sqft, the lot is slightly smaller than the average on Le Peress Avenue but is generally in line with the Riverbend neighbourhood average. It provides a standard outdoor space without the upkeep of a larger yard.
3. What does the sold price history indicate?
Records show it last sold between $300k-$350k in early 2017. The substantial increase in assessed value since then reflects both market appreciation and the premium for a home that was nearly new at the time of last sale.
4. Is this a good value compared to the rest of Winnipeg?
The data shows its living area and assessed value rank in the top 24-35% city-wide, while its build year is in the top 6%. This indicates you are paying for a newer, above-average home relative to the broader Winnipeg market, not just the local area.
5. Where can I get verified sale history?
The provided sold price is an estimate from public data. For fully verified transaction history and exact figures, you must request a manual lookup from the site via email, as MLS data is not displayed here.