307 Peguis Street

Property Overview

307 Peguis Street is a modern, low-maintenance home built in 2021, offering a move-in-ready experience in Winnipeg. Its primary appeal lies in its contemporary construction, which means fewer immediate repairs and modern building standards. The 1,327 sqft living space is efficiently sized, ranking above average for its immediate street and close to the city-wide average, suggesting a practical layout without excess. The assessed value of $333k is notably below the area average, presenting a more accessible price point within the Peguis area.

This property suits first-time buyers or downsizers seeking a newer home without the premium often attached to brand-new builds. It’s also a practical fit for those who prefer a smaller, manageable yard, as the lot is compact compared to many in the wider city and area. A less obvious perspective is its potential appeal to data-conscious buyers: the home’s metrics show it offers modern amenities in a value-oriented package, standing out more for its newness city-wide (top 2% by year built) than for its space or land.

Frequently Asked Questions

1. How does the value compare to the neighborhood?
The home’s assessed value is significantly below the Peguis area average (top 99%, meaning it's in the bottom 1% for value in the area), which can indicate a more affordable entry point into the neighborhood compared to larger, potentially older homes on bigger lots.

2. What does the "Elite" ranking for year built mean?
City-wide, this home is newer than about 98% of Winnipeg homes, placing it in the top 2% for age. This is a standout feature suggesting modern infrastructure, efficiency, and likely lower maintenance costs in the short to medium term.

3. Is the lot size a drawback?
The land area is compact (2,309 sqft), which is below average for both the area and city. This means lower outdoor maintenance but limited space for expansions, large gardens, or extensive outdoor recreation. It aligns with a low-maintenance lifestyle.

4. What can the past sale price tell me?
Records show it sold between $300k-$350k in mid-2021. Comparing this to the current $333k assessment can provide context on market trends, but for exact historical figures, a manual lookup via the site is required.

5. Who should consider this home?
It’s well-suited for buyers prioritizing modern construction and move-in readiness over square footage or large outdoor space. It represents a balance of new-home benefits at a value that is competitive on its street and in the wider city, though it is a smaller property within its immediate area.