Property Overview: 305 Peguis Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 305 Peguis Street is a modern property, built in 2021, offering a move-in-ready opportunity with minimal upkeep in its early years. Its key appeal lies in a combination of new construction and a notably generous lot for its immediate street. With 3,076 sqft of land, it has one of the larger lots on Peguis Street, providing valuable outdoor space that is less common in newer developments.
The 1,248 sqft living area is compact compared to many homes in the broader Peguis area, but is very close to the Winnipeg city-wide average. This positions it as a efficient, modern layout rather than a sprawling one. The assessed value of $337k is around the average for both its street and the city, but is significantly below the average for the wider Peguis area, suggesting a potentially more accessible entry point into this neighbourhood.
This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home without sacrificing yard space. It’s also a practical fit for investors or buyers looking for a newer build in a stable area, who prioritize the condition and lot size over having above-average square footage.
Section 2: Frequently Asked Questions
1. Is this a good value for the Peguis area?
The data suggests it might be. While the home is newer than most in the area, its assessed value is in the bottom 1% for Peguis, well below the local average of ~$488k. This could indicate a different property type or size compared to area norms, but presents a lower price threshold for the neighbourhood.
2. What does the lot size ranking mean for me?
While the lot is large for Peguis Street (top 6%), it is smaller than most lots in the wider Peguis area and across Winnipeg. This means you get a premium yard for that specific street, but should not expect an exceptionally large lot by broader suburban standards.
3. How updated or modern is this home?
Built in 2021, it is among the newest 2% of homes city-wide. Buyers can expect contemporary building standards, modern fixtures, and likely remaining warranty coverage, with many major replacement costs (roof, furnace, etc.) being far in the future.
4. Why is the living area described differently in various comparisons?
The home’s size is below average for its specific street and the Peguis area, but almost exactly average (top 46%) for the entire city of Winnipeg. This highlights that it’s a moderately sized home by general city standards, but situated in an area where many homes are larger.
5. Where can I find verified past sale prices?
The site notes that exact sold price data is not displayed publicly due to industry rules. You must request this information directly via email from the service, and they will provide a manual lookup of the full transaction history.