323 Peguis Street

Property Summary: 323 Peguis Street, Winnipeg

Key Characteristics & Appeal

This 1,400 sqft home, built in 2021, presents a modern, low-maintenance living option in Winnipeg. Its primary appeal lies in its contemporary construction and efficient use of space, offering a turn-key solution with minimal immediate upkeep. The home ranks in the top 3% on its street for living area and is above average for both assessed value and year built within its immediate neighbourhood, suggesting it is a relatively new and well-regarded property on Peguis Street.

A thoughtful perspective on this home is its position as a "city-efficient" property. While its lot size is smaller than most in the wider Peguis area and city overall, this translates to less yard work and lower exterior maintenance costs, which can be a significant advantage for certain lifestyles. The assessed value of $376k is notably below the area average, potentially indicating a more accessible entry point into a neighbourhood where many properties are valued higher, though it remains above the city-wide average.

This property would best suit first-time homebuyers, young professionals, or downsizers seeking a modern home without the concerns of aging infrastructure. It’s ideal for those who prioritize interior space and new builds over a large private yard. Buyers looking for a balance between a contemporary home and relative value within a specific street block will find this listing particularly compelling.

Frequently Asked Questions

1. How does the property’s value compare to its neighbours?
The home’s assessed value of $376k is above the average for Peguis Street itself, ranking in the top 6%. However, it is below the average assessed value for the broader Peguis area, placing it in a more moderate value tier within the larger neighbourhood context.

2. Is the lot size a concern?
The lot of 2,820 sqft is above average for Peguis Street but is smaller than typical lots in the wider Peguis area and significantly smaller than the Winnipeg city average. This means less outdoor maintenance but also less private outdoor space, which is an important consideration depending on your needs.

3. What does the "Elite" ranking for year built city-wide mean?
Being built in 2021 places this home in the top 2% of properties city-wide by newness, as Winnipeg's housing stock has an average build year of 1966. This is a major advantage, suggesting newer major systems (roof, HVAC, etc.) and modern building standards.

4. The data shows a past sale in 2021. What does that indicate?
The property sold for an estimated $300k-$350k in April 2021, likely when it was new. The current assessed value of $376k reflects market changes and established value since its initial purchase.

5. How can I get the exact historical sale price?
The displayed sold price is an estimated range. To obtain the exact sale figure, you must request a manual lookup via email through the site, as they do not have access to or display official MLS sales records.