Property Overview: 314 Philip Lee Drive, Winnipeg
Key Characteristics & Appeal
This home at 314 Philip Lee Drive is a modern, well-sized property built in 2016. Its primary appeal lies in offering above-average space and a contemporary build within a newer neighbourhood context. With nearly 2,000 square feet of living area, the home provides significantly more interior space than the average Winnipeg house, ranking in the top 15% on its own street and the top 12% in the broader Peguis area. The assessed value of $562,000 positions it as a premium property city-wide (top 11%), yet it is competitively priced amongst its immediate neighbours, suggesting good value for its specific locale.
The lot size is generous for the area, offering ample outdoor space. A thoughtful perspective is that this home represents a "sweet spot" in age: it's new enough to avoid the major maintenance issues of older homes but has been lived-in long enough for any initial construction kinks to have been resolved. It suits buyers looking for a move-in ready, spacious family home in a developed suburban setting, particularly those who prioritize interior square footage and a modern build over being in the very newest subdivision. The historical sale data shows it was purchased in 2016, indicating a potential long-term owner, which can often be a positive sign for property care.
Frequently Asked Questions
1. How does this home's value compare to others on the street?
Its assessed value is around the average for Philip Lee Drive, but it offers more living space than most. This suggests you may be getting more square footage for your dollar compared to neighbouring homes.
2. Is the price fair based on its last sale?
The home sold for between $400,000-$450,000 in 2016. The current assessed value of $562,000 reflects market appreciation over the last decade. For a precise comparison, you can request the exact historical sold price from the site via email.
3. What does the "below average" ranking for year built in Peguis mean?
This simply indicates that within the larger Peguis area, there are many newer homes (built after 2016). On its own street and city-wide, however, this home is considered newer than average. It's in an established, growing neighbourhood, not the latest phase of development.
4. How current and accurate is this sold price data?
The sold price data is sourced from public records, not the MLS, and is presented as a range. The site notes it is reasonably reliable but recommends requesting a manual lookup via email for fully verified, exact figures.
5. What can the neighbourhood analysis page show me?
This tool allows you to see this property on a map alongside nearby homes, visually comparing key metrics like year built, lot size, and assessed value to understand its context within the immediate streetscape.