Property Overview
This home at 3 Larry Vickar Drive E in Winnipeg's Peguis neighbourhood presents a balanced, modern offering. Built in 2016, it's a relatively newer home in a city where the average house is significantly older. With 1,637 sqft of living space and a 4,726 sqft lot, its size is comfortably above the city-wide average for interiors while providing a manageable yard. The assessed value of $503k positions it as a premium property compared to the Winnipeg average, yet it is very much in line with values in its immediate area and street.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern construction and balanced metrics. It offers the benefits of a newer home—likely requiring less immediate maintenance and featuring contemporary building standards—without being an outlier in its established community. Its living space is generous for the city, suitable for a growing family or those wanting ample room, while the lot size is efficient and easier to maintain than larger, older plots.
This home would suit practical, value-conscious buyers who want a turn-key, modern property in a mature neighbourhood. It’s ideal for those looking to avoid the potential surprises and renovation projects of an older home but who still want to be part of a settled area. The data suggests it’s a solid, middle-to-upper-tier home within its local context, not the largest or most expensive on the block, but a consistently above-average offering city-wide.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is very typical for its street and the broader Peguis area, ranking near the middle of comparable local properties. Its premium is more apparent when viewed against the entire Winnipeg market, where it sits well above the average assessed value.
2. What are the implications of the home being built in 2016?
As a 10-year-old home, major components like the roof, HVAC, and appliances are likely still in good condition but may be approaching the age where future planning for replacements is wise. It represents a sweet spot between brand-new construction and much older housing stock.
3. Is the lot size a pro or a con?
This depends on preference. The lot is larger than many on its street and in Peguis, offering good outdoor space. However, it is smaller than the city-wide average lot, which may appeal to buyers seeking lower maintenance but could be a consideration for those wanting extensive gardens or outdoor amenities.
4. What does the sold price history from 2017 indicate?
The home sold for between $350k-$400k in 2017. While not a direct indicator of current value, this past transaction provides a baseline for understanding its market history and appreciation trajectory over the last eight years.
5. How can I verify the exact past sold price?
The site provides sold price ranges for general research. To obtain the exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.