Property Overview: 113 William Tweed Terrace, Winnipeg
Key Characteristics & Appeal
This home, built in 2022, presents a compelling mix of modern construction and relative value within its context. Its 1,766 sqft living space is notably above the city-wide average, offering generous room for a growing family or those who appreciate space. The assessed value of $498k sits interestingly: it's below the average for its immediate street, around average for the broader Peguis area, yet ranks within the top 20% city-wide. This suggests you may get more modern home for your dollar here compared to many older Winnipeg neighbourhoods.
The appeal lies in acquiring a nearly new home with minimal initial maintenance concerns, set in a modern subdivision where most homes are of a similar vintage. The lot size of 4,018 sqft is manageable, appealing to buyers who prefer less yard upkeep. It would suit first-time buyers looking for a move-in-ready, spacious home, or practical-minded purchasers who value newer building standards and efficiency over a larger, more private lot. A thoughtful perspective is that while the home is newer than 99% of the city's housing stock, it's actually slightly older than many on its own street, which may account for its value position and could mean more established landscaping and settled construction.
Frequently Asked Questions
1. How does the value compare to recent sales?
Public data indicates it last sold between $450k-$500k in mid-2022. Its current assessed value of $498k places it significantly above the city-wide average but is competitive within the newer Peguis area.
2. Is the living space adequate for a family?
At 1,766 sqft, the living area is above the city-wide and area averages, placing it in the top 25% for Peguis. This typically provides ample room for a family, with space for dedicated living, dining, and bedroom areas.
3. What are the likely maintenance considerations?
Built in 2022, the major systems (roof, HVAC, appliances) are very young and likely under original warranties, suggesting low immediate maintenance costs. The focus would be on routine upkeep and monitoring the settling common in the first few years of a new build.
4. How does the lot size compare?
The 4,018 sqft lot is around average for the street and area but below the city-wide average. This is typical for newer subdivisions and means less yard maintenance but also less private outdoor space compared to many older neighbourhoods.
5. Where can I get verified sale price history?
The site notes that exact sold prices are not displayed publicly due to industry rules. They offer a manual lookup service; you can submit a request by email to receive the precise transaction history directly.