Property Overview: 105 Larry Vickar Drive W, Winnipeg
Section 1: Key Characteristics & Appeal
This home, built in 2017, stands out primarily for its generous living space. With 2,240 square feet, it ranks in the top 1% of homes on its street and the top 4% within the Peguis area for size, offering significantly more room than the average Winnipeg house. Its modern age means it likely benefits from contemporary building standards and energy efficiency, placing it in the top 5% city-wide for year built.
The appeal lies in this combination of a relatively new construction with ample interior space, situated in a neighborhood of similar-aged homes. The assessed value of $575,000 is consistently above average across all comparison levels, suggesting a premium valuation for its specific attributes. The lot size is more typical for its immediate street but is smaller than the broader city average, indicating a focus on the home itself rather than extensive outdoor space.
This property would best suit buyers looking for a modern, move-in-ready home without the need for updates, who prioritize interior square footage over a large yard. It’s ideal for growing families or those who work from home and need the space. The data suggests it’s a premium offering on its street, offering a balance of newness and size that is rarer in the wider Winnipeg market.
Section 2: Frequently Asked Questions
1. How does the lot size compare?
At 4,490 sqft, the lot is fairly standard for Larry Vickar Drive W but is below the average lot size for both the Peguis area and the city of Winnipeg as a whole. This indicates the property’s value is driven more by the home's size and modern construction than by land.
2. What does the "Elite" ranking for living area mean?
It means this home’s interior square footage is among the very highest when compared to similar properties. On its own street, it’s in the top 1% (ranked 2nd out of 147 homes), and it’s in the top 4% within the broader Peguis area.
3. The home sold in 2021. What can that price tell me?
The sold price range from May 2021 is listed as CA$500k–550k. This provides a historical benchmark, showing the home’s market value at that time. The current assessed value of $575k reflects a subsequent valuation for tax purposes.
4. Is the assessed value a reliable indicator of market price?
The assessed value is for municipal tax calculation and is not a formal appraisal. However, the data shows this home’s assessment is consistently in the top 10-16% when compared to homes on its street, in its area, and city-wide, indicating it is officially valued well above average.
5. Where can I see more detailed comparisons?
You can use the provided link to open a neighbourhood analysis page. This tool maps nearby properties and allows you to compare details like year built, living area, and lot size directly with the surrounding houses.