Property Overview: 148 William Tweed Terrace, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, low-maintenance home built in 2023, offering the appeal of a nearly new property with contemporary finishes and systems. With 1,574 sqft of living space, it sits comfortably above the Winnipeg city-wide average, providing ample room for a small family, couple, or professional. Its assessed value of $485K positions it as a premium property city-wide (top 22%), yet it appears more accessibly priced within its own desirable Peguis neighborhood and street, where comparable homes average higher.
The home’s primary appeal lies in its balance of new construction benefits within an established community. You get modern efficiency and design without waiting for a development to mature. A thoughtful perspective is its relative value: while the home is smaller and valued lower than many on its own street, this could represent an opportunity to enter a sought-after newer enclave at a relatively competitive point. It would suit buyers prioritizing a move-in ready, modern home who want to avoid the immediate renovations often needed in older properties, as well as those who value being part of a newer community infrastructure.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbors?
The home’s assessed value is below the average for William Tweed Terrace itself, but aligns closely with the average for the broader Peguis area. This suggests it may offer a value-oriented entry point onto a street of newer, often larger homes.
2. What does the "Elite" ranking for year built mean?
Being in the top 1% city-wide for year built (2023) means it is among the very newest homes available across all of Winnipeg, highlighting its modern construction and likely contemporary building standards.
3. Is the lot size typical?
The 4,730 sqft lot is slightly above average for the Peguis neighborhood. It provides a generous yard space for a newer home, which often come with smaller lots, but is around the city-wide median.
4. What can the past sale price range indicate?
The home sold for an estimated $550K-$600K in late 2023. Comparing this to the current $485K assessment is a critical starting point for understanding market trends and the municipality’s valuation, which often lags behind current market prices.
5. Who should consider the "neighbourhood analysis" page?
Buyers weighing the importance of location versus home features. That tool visually compares this property’s metrics—like lot size and year built—directly against its immediate neighbors, revealing if it’s an outlier or fits right in on its specific street.