Property Overview: 303 Peguis Street, Winnipeg
Key Characteristics & Appeal
This is a modern, well-sized home built in 2022, offering a move-in-ready opportunity with the benefits of a newer build. At 1,400 sqft, its living space is notably above average for its specific street, ranking in the top 3% among its immediate neighbors. The assessed value of $345k is very typical for Peguis Street but sits below the broader neighborhood average, suggesting a potentially more accessible entry point into the area. The lot is compact (2,820 sqft), which translates to lower maintenance but less private outdoor space compared to many homes in Winnipeg.
Its primary appeal lies in its balance of new construction and efficient design. Buyers will avoid the immediate major repairs or updates often needed with older homes. It suits first-time buyers seeking a modern, low-maintenance property, or downsizers looking for comfortable single-level living without the upkeep of a larger yard. A thoughtful perspective is that while the lot is smaller than the city norm, this aligns with a growing preference for efficient land use and reduced outdoor chores, making it a pragmatic choice for a busy lifestyle.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is very consistent with the average on Peguis Street itself but is notably lower than the wider Peguis neighborhood average. This indicates it may offer relative value within the broader area while being priced in line with its immediate streetscape.
2. What are the implications of the smaller lot size?
The land area is below the neighborhood and city averages. This means less yard maintenance and potentially lower property taxes tied to land value, but it also offers less space for expansions, large gardens, or private outdoor recreation.
3. Is the home significantly newer than others nearby?
Yes. Built in 2022, it is one of the newest homes on its street (top 3%) and is significantly newer than the average Winnipeg home, which dates to 1966. This suggests modern building standards, materials, and systems.
4. What was the previous sale history?
Records indicate a sale between $300k-$350k in January 2022. For verified, exact sale figures and a full transaction history, you can request a manual lookup via email from the site.
5. How accurate is this data?
The provided data is compiled from public sources and is considered reasonably reliable, but it is not sourced from the MLS. For fully verified figures, a manual records check is recommended.