Property Overview: 314 Tyson Trail, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 314 Tyson Trail is a modern property in Winnipeg's Peguis neighborhood, built in 2023. Its primary appeal lies in its exceptional newness. It ranks among the newest 1% of comparable homes city-wide and is one of the newest on its own street, suggesting minimal maintenance concerns and modern building standards for the immediate future.
The 1,438 sqft living space is slightly below average for the immediate street but aligns closely with the Winnipeg city average, offering a practical, mid-sized layout. With an assessed value of $412,000, it sits below the averages for both its street and neighborhood, yet above the city-wide benchmark. This positioning could represent a value opportunity for a newer home in the area, especially when compared to recent nearby sales.
The lot size of 3,508 sqft is notably smaller than most peers at every comparison level. This translates to less yard maintenance—a plus for those seeking a lock-and-leave lifestyle or who prefer to spend free time elsewhere. It would suit a first-time buyer, a young professional, or a downsizer who prioritizes a modern, low-maintenance home in a developing area over a large yard or top-tier square footage. The buyer should be comfortable with the trade-off of a premium for new construction against a smaller property footprint relative to the neighborhood.
Section 2: Frequently Asked Questions
1. Is this a good value compared to other homes on Tyson Trail?
The data suggests it may be. While the home is newer than most on the street, its assessed value is below the street average. This could indicate a value proposition, but it's essential to verify the exact sold prices of comparable nearby homes (like 330 or 274 Tyson Trail) to understand the current market.
2. What are the implications of the smaller lot size?
The lot is smaller than about three-quarters of homes in Peguis and city-wide. This typically means less outdoor space for gardening, play, or expansion, but also significantly reduced yard work and lower property tax assessments for land. It's a practical choice for those not wanting extensive outdoor maintenance.
3. How does the living area compare to a typical Winnipeg home?
At 1,438 sqft, it's very close to the city-wide average (1,342 sqft). It offers a comfortably sized living space for a household of 2-4 people, though it is more compact than many other homes in the immediate Peguis area.
4. The home sold recently in early 2024. What does that sale indicate?
The sold price range (CA$400k–450k) placed it in the top 25% city-wide for that period, reflecting a strong price for a new home. Comparing the exact sale price to the current assessed value can provide insight into market trends and the assessment's accuracy.
5. How can I get the exact historical sold prices for this home?
The site notes that exact sold prices are not displayed publicly due to data source rules. You can request the exact figures via email from the site provider, who will perform a manual lookup and send the information directly to you.