Property Overview
33 William Tweed Terrace is a modern, high-caliber home in Winnipeg's Peguis neighbourhood. Built in 2024, it stands out for its substantial size, premium valuation, and generous lot. The home’s appeal is rooted in its elite standing compared to neighbouring and city-wide properties, offering a rare combination of new construction and expansive space.
Key Characteristics & Appeal
This property is defined by its above-average scale and premium positioning. With 2,686 square feet of living space, it ranks in the top 5% on its street and the top 1% within the broader Peguis area. The 10,568 sqft lot is notably large for the street, more than double the local average. An assessed value of $732,000 places it in the top 3% of the city, reflecting its premium build and desirability.
The primary appeal lies in acquiring a nearly new home with ample room for a growing family or those who value spacious interiors and a sizable yard, without the typical trade-offs of an older property. It suits buyers looking for a move-in-ready, high-status home in a modern development, particularly those who prioritize space, new construction warranties, and a strong investment profile as evidenced by its high assessed and recent sold value.
A thoughtful perspective is that this home offers a "future-proof" quality. Its large lot in a newer area provides rare potential for expansion or landscaping that isn't available in older, more established neighbourhoods with smaller plots. Additionally, its top-tier rankings across multiple metrics suggest it is a benchmark property in the area, likely offering stronger resilience in market fluctuations compared to average homes.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $732,000 is for municipal tax purposes. The home last sold for an estimated $750k-$800k in March 2024. The current market price would be influenced by recent market conditions, but the assessed and recent sold values indicate a strong, premium valuation.
2. Is the property part of a new development?
Yes. The home was built in 2024, and the data shows the immediate street and Peguis area have average home ages much newer than the city-wide average, indicating this is a newer, developing community.
3. What does the "top 1-5%" ranking actually mean for me?
These rankings, like "top 1% in Peguis" for living area, are comparative metrics. They mean this home is larger, newer, or more valuable than 99% of other homes in that geographic category. It quantifies the property's standout characteristics within its market.
4. The lot is large for the street but slightly smaller than the city-wide average for top lots. Why?
While the lot is over double the size of others on William Tweed Terrace, the city-wide average for top 5% lots is influenced by older neighbourhoods with traditionally larger plots. This highlights a key feature of newer subdivisions: achieving a very large lot relative to immediate neighbours is uncommon and adds significant privacy and space value in this context.
5. How can I verify the exact historical sale price?
The site provides sold price ranges for general browsing. To obtain the exact sale figure and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.