Property Overview: 333 Peguis Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 333 Peguis Street is a modern property, built in 2021, offering a move-in-ready opportunity with the benefits of recent construction. Its key appeal lies in its balance of new-build amenities and a competitively assessed value within its immediate streetscape. At 1,248 sqft, the living space is slightly below the averages for both its street and the broader Peguis neighborhood, but it aligns closely with the typical Winnipeg home. This suggests a efficient, likely low-maintenance layout suitable for individuals, couples, or small families.
The standout feature is the lot. At over 3,000 sqft, the land area is notably larger than most others on Peguis Street, ranking in the top 6%. This provides a relative rarity for a newer home: valuable outdoor space for gardening, recreation, or future expansion in a setting where lots are typically smaller.
The property suits value-conscious buyers seeking a modern home without a premium price tag. It’s ideal for those who prioritize a newer build (which ranks in the top 2% city-wide for age) to avoid major immediate repairs, and who see potential in a larger-than-standard lot for the street. It may also appeal to investors or buyers looking at the long-term value of a newer asset in an established area.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value of $348k is above the average for Peguis Street but is significantly below the average for the wider Peguis neighborhood. This indicates you are paying a premium relative to your immediate neighbors, but potentially getting a relative value compared to the broader area, likely due to the home's newer condition.
2. What are the implications of the living area being "below average" for the neighborhood?
While the square footage is smaller than many homes in Peguis, it is very close to the city-wide average. This means the home offers a modern, potentially more efficient use of space compared to older, larger houses that may include less functional layouts or require more upkeep.
3. Why is the land area a significant point?
On a street where lots are typically around 2,500 sqft, this property’s lot of over 3,000 sqft is a distinct advantage. It offers more private outdoor space—a premium for newer homes—and could provide more flexibility for additions, landscaping, or parking than is common nearby.
4. What can the 2021 sale price tell me?
The home last sold between $300k-$350k in 2021. Comparing that range to the current $348k assessment suggests a relatively stable value in its first few years, typical for a newer property that hasn’t required major capital investments.
5. Where can I get verified historical data for this property?
The site notes that exact sold prices and full transaction history are not displayed publicly due to industry rules. They offer a manual lookup service; you can request the exact figures by email, which they will provide without using your contact information for marketing.