Property Overview: 123-155 Peguis Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, low-maintenance property built in 2021, offering a turn-key solution in Winnipeg's Peguis neighbourhood. Its primary appeal lies in its new construction status, which typically means fewer immediate repairs and modern building standards. With a living area of 974 sqft and no basement or garage, it suits buyers seeking a compact, efficient living space without the upkeep of a larger home or yard.
The property’s standout feature is its exceptional location ranking. It sits in the top 3% of properties on its street and ranks in the top 0% for its entire neighbourhood and city, suggesting a highly desirable setting within Peguis. This indicates a premium spot within the community, possibly offering better views, quieter surroundings, or more convenient access to local amenities.
It would best suit first-time homebuyers, downsizers, or investors looking for a modern, "lock-and-leave" property. The low assessed value points to an affordable entry point into a well-ranked area. A thoughtful perspective for buyers is to weigh the benefits of a newer, maintenance-light home against the lack of storage or expansion potential due to the absence of a basement and garage. The high location rankings imply the value here is heavily tied to the land's position within a growing neighbourhood.
Section 2: Frequently Asked Questions
1. What does the "top 0% neighbourhood rank" actually mean?
It means this specific property has a higher combined location score than 100% of other properties in the Peguis neighbourhood, according to the site's metrics. It's ranked 1 out of 1,619, suggesting it is considered the most ideally situated property in the area.
2. Why is the assessed value relatively low for a 2021 build?
The assessed value of $28,800 is likely for the land and building for municipal tax purposes and is not the market price. The recent sale in 2021 was for $26,400, which may have been a pre-construction or initial sale price. Market value would be determined by current listings and recent sales of comparable homes.
3. What are the implications of having no basement or garage?
This means all living and storage must be accommodated within the 974 sqft footprint. Buyers should plan for creative storage solutions and consider the cost of purchasing or renting external storage if needed. On the positive side, it eliminates concerns about basement moisture, flooding, or garage maintenance.
4. How does this home compare to others in Peguis?
The provided comparisons show that while this home is newer than many, it is also significantly smaller. Nearby reference properties are often 200-1000+ sqft larger and have correspondingly higher assessed values. This property offers modernity and location at the expense of space.
5. Is this a standalone house or part of a multi-unit building?
The address format (123-155) and the listing of multiple units at "185 Peguis Street" as nearby properties suggest this is likely a condo, townhouse, or similar multi-unit dwelling. This is consistent with the low-maintenance, no-basement profile.