Property Overview
125 William Tweed Terrace is a modern, well-sized home in Winnipeg's Peguis neighbourhood. Built in 2023, it offers nearly 2,000 square feet of living space on a manageable lot. The home’s assessed value sits comfortably above the city-wide average, reflecting its newer construction and desirable floor plan. Its appeal lies in offering a move-in-ready, contemporary home without the premium often attached to brand-new builds. It suits buyers seeking modern efficiencies and space in a settled new community, particularly those who prioritize interior square footage over a large yard.
Key Characteristics & Appeal
This home’s standout feature is its modern age and generous living area. Built just three years ago, it ranks in the top 1% of homes city-wide for newness, suggesting minimal immediate maintenance and contemporary building standards. With 1,977 sqft, it provides above-average space both for its area and across Winnipeg, making it a substantial home for a growing family or those who work from home.
The appeal is nuanced. While the lot size is more compact compared to others on its street and in the city, this often translates to less yard upkeep—a potential plus for busy professionals or those seeking a lock-and-leave lifestyle. The assessed value of $539k positions it as a premium property in the broader Peguis area but is typical for its immediate street. This suggests you are buying into a consistent, newer development where the value is supported by similar homes.
It would best suit buyers looking for a turnkey property in a modern subdivision. It’s ideal for those who want the benefits of a new build (like updated systems and finishes) without being the first owner. It also fits buyers whose priority is indoor living space rather than extensive outdoor land.
Frequently Asked Questions
1. How does the lot size impact the property?
The lot of 3,781 sqft is smaller than many in Winnipeg. This means a more manageable yard for maintenance but less private outdoor space than some older neighbourhoods offer. For the right buyer, this is an efficient use of space.
2. Is the assessed value a reliable indicator of the selling price?
The assessed value ($539k) is for municipal tax purposes. The last recorded sale was in early 2023 between $550k-$600k. Market conditions have likely changed since, so a current market evaluation is essential.
3. What does the "top 1%" ranking for year built mean?
This means the home is newer than 99% of all residential properties in Winnipeg. You benefit from modern construction codes, materials, and energy efficiency, with many major components under warranty.
4. How does this home compare to others on the same street?
It has a larger-than-average living area for the street but a smaller-than-average lot. Its value and age are very consistent with the neighbourhood, indicating a uniform, newer development.
5. Where can I get verified historical sale data for this property?
The site’s sold price data is from public records, not the MLS. For fully verified transaction history and exact sale figures, you must request a manual lookup via email from the service provider.