Property Overview: 315 Peguis Street, Winnipeg
Key Characteristics & Appeal
This is a modern, well-sized home built in 2021, offering the benefits of a newer construction with minimal initial maintenance. At 1,400 sqft, its living space is notably above average for its specific street, ranking in the top 3% among its immediate neighbors. This suggests it's one of the larger and more substantial homes on this block of Peguis Street.
The appeal lies in its balance of space, age, and value within a micro-context. While its assessed value ($358k) is moderately above the street average, it is significantly below the broader neighborhood average, indicating it sits in a more affordable pocket of the area. The lot is compact (2,820 sqft), which translates to less yard upkeep—a plus for some, a drawback for others. Its recent sale history shows strong appreciation since 2021.
This property would best suit buyers seeking a modern, move-in-ready home without the premium price tag of larger lots in the wider neighborhood. It’s ideal for professionals, small families, or downsizers who prioritize interior space and new-home amenities over extensive outdoor space. It represents a pragmatic choice for gaining a newer build in Winnipeg, which ranks in the top 2% city-wide for year built, without the city-wide average price.
Frequently Asked Questions
1. How does the property’s value compare to the area?
Its assessed value is above average for its immediate street but below the average for the wider Peguis neighborhood. This often indicates a good-value entry point into the area, benefiting from the neighborhood while paying a price more aligned with its specific, perhaps more modest, street.
2. What are the implications of the lot size?
The lot is smaller than most in both the neighborhood and city-wide. This means lower maintenance and less outdoor work, but also limited space for expansions, gardening, or extensive outdoor recreation. It’s a trade-off that emphasizes the home itself over the land.
3. Is this a good investment based on recent sales?
The home sold in 2021 for an estimated $300k-$350k and again in late 2024 for $400k-$450k. This indicates robust appreciation in a short period, a positive trend. However, past performance is not a guarantee of future gains.
4. How accurate is the sold price data?
The provided sold price ranges are based on publicly available data, not the MLS. For fully verified, exact transaction figures, you must request a manual lookup from the site, which they provide via email.
5. What does the "elite" city-wide ranking for year built mean?
Being in the top 2% in Winnipeg for a new build (2021) is a significant advantage. It suggests far lower risk of major near-term repairs (like roof, furnace, or window replacements) compared to the city's typically older housing stock, which has a median build year of 1966.