Property Overview: 14 Lou Peltier Crescent, Winnipeg
Key Characteristics & Appeal
This home at 14 Lou Peltier Crescent presents a compelling blend of modern convenience and established neighbourhood value. Built in 2010, it is a newer property compared to most homes in Winnipeg, offering the benefits of contemporary construction standards and likely fewer major maintenance concerns in the near term. With 1,795 sqft of living space, it provides ample room for a family, significantly above the average for both the broader city and the Meadows area, making it a spacious find.
Its primary appeal lies in its strong positional value. While the lot size is slightly smaller than others on its own street, the home's assessed value ranks well above average for the Meadows neighbourhood and city-wide, suggesting a desirable location within a sought-after community. This creates an interesting dynamic: you're acquiring a modern, spacious home in a prime area, but with a yard that may require less upkeep. It would perfectly suit growing families or professionals looking for a turn-key home in a mature neighbourhood without the uncertainties of an older build. It’s also a sensible choice for those who prioritize indoor living space over extensive outdoor maintenance.
Frequently Asked Questions
1. How does the lot size impact the property's value?
While the land area is below the street average, the home's assessed value remains strong in broader comparisons. This indicates the value is driven more by the home's modern build, generous living space, and location within Meadows, rather than lot size alone.
2. Is the 2020 sale price a reliable indicator of current value?
The prior sale price (CA$400k–450k in 2020) provides a historical benchmark, but market conditions have changed. The current assessed value of $541,000 offers a more recent, official valuation point for comparison, though market value is ultimately determined by current buyer demand.
3. What does "above average" for Year Built really mean for me?
Ranking in the top 8-12% for being newer means this 16-year-old home is among the most modern in its area. This typically translates to more contemporary layouts, efficient windows and insulation, and updated electrical systems, potentially lowering ongoing maintenance costs compared to much older stock.
4. Who are the most logical comparable properties?
The most meaningful comparisons are likely the "Nearby properties" on the same crescent, as they share the exact location, and the "Worth viewing" suggestions in the Meadows neighbourhood, which have similar age and size profiles.
5. Why is there a difference between the assessed value and past sale price?
Assessed values are used for property tax calculations and may not perfectly reflect market value. They can lag behind rapid market shifts. The increase from the 2020 sale range to the current assessment suggests strong appreciation, which should be verified with a current market evaluation.