Property Overview: 329 Peguis Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a modern, low-maintenance property built in 2021, offering a move-in-ready experience in Winnipeg's Peguis neighborhood. Its primary appeal lies in its contemporary construction and efficient design. At 1,327 sqft, the living space is above average for its immediate street and aligns with the typical city-wide home size, suggesting a practical layout for everyday living.
The data reveals a nuanced value proposition. The assessed value ($333k) is notably below the area average, which may indicate a relative value opportunity within a broader, higher-priced neighborhood. However, the lot size is compact, especially compared to typical Winnipeg properties. This positions the home as an efficient, modern dwelling rather than one with expansive outdoor space.
This property would best suit first-time buyers, downsizers, or investors seeking a newer build with minimal immediate repair needs. It’s ideal for those who prioritize a modern interior and simplicity over a large yard. A thoughtful perspective for buyers is to consider the trade-off: you are acquiring a home that is newer than 98% of properties city-wide, but with a land footprint that requires less upkeep. Its value is anchored in the building itself, making it a sensible choice for those content with a smaller outdoor area.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the neighborhood?
The home’s assessed value is significantly below the Peguis area average, placing it in the top 99% (meaning it's among the least expensive 1% in the area). This suggests it may offer a more accessible entry point into the neighborhood.
2. Is the home a good size for a family?
At 1,327 sqft, the living area is practical and aligns with the city average. It is, however, below the average size for the broader Peguis area, so families should carefully consider if the layout meets their specific spatial needs.
3. What does the lot size mean for me?
The lot is 2,309 sqft, which is compact. This means lower maintenance for gardening and yard work, but also limited space for additions, large decks, or extensive outdoor recreation. It suits a low-maintenance lifestyle.
4. The home sold recently in 2024. What does that price trend indicate?
The 2024 sale price range shows the home sold at a premium compared to other sales on its street (top 21%), but still well below the area average. This supports the idea that while modern builds command interest, its value remains positioned below typical area prices, potentially due to the smaller lot.
5. Where can I get the exact historical sale prices?
The exact sold prices are not publicly displayed on this site due to industry rules. You can request the full transaction history and exact figures by emailing the provided contact; they will perform a manual lookup and send the information directly to you.