Property Overview
321 Peguis Street presents a modern, low-maintenance home built in 2021. Its primary appeal lies in its contemporary construction, offering a move-in-ready condition with the benefits of recent building codes and modern finishes. At 1,327 sqft, the living space is efficient and above average for its immediate street, though it sits on a modest, city-typical urban lot. The assessed value of $333k positions it as a more accessible entry point within the newer home segment, especially when compared to higher average values in the broader Peguis area.
This property would suit first-time buyers or downsizers seeking a modern home without the premium often attached to brand-new builds. It’s also a practical fit for investors or owners who prioritize a newer building’s reduced immediate upkeep and energy efficiency over a larger lot size. A thoughtful perspective is that its "below average" land area for the wider area is actually a hallmark of newer, denser development, appealing to those who prefer a simpler yard to manage.
Frequently Asked Questions
How does the home’s value compare to its last sale?
The home sold for an estimated $250k–$300k in April 2021. The current $333k assessment suggests appreciation, but for exact sale figures and a verified history, a manual lookup is required through the site.
What does the "Elite" ranking for Year Built city-wide mean?
It indicates the home is newer than roughly 98% of all properties in Winnipeg, placing it in the top 2%. This is a significant advantage for buyers wanting modern construction in a city with an older average housing stock.
Is the lot size a drawback?
The land area is modest, especially compared to older neighbourhoods. This means smaller outdoor space but also less maintenance. It’s typical for newer infill developments and aligns with a low-maintenance lifestyle.
Why is the assessed value "below average" for the Peguis area?
The broader Peguis area includes many homes with larger lots and more square footage, pulling the average value up. This property’s value is more aligned with the city-wide average, representing a different, more modern housing type within the area.
Can I see how this property compares visually to its neighbours?
Yes, a neighbourhood analysis map is available to view this home alongside nearby properties, comparing year built, size, value, and lot size in detail.