Property Overview: 338 Tyson Trail, Winnipeg
Key Characteristics & Appeal
This is a modern, three-year-old home in Winnipeg's Peguis neighborhood. Its primary appeal lies in its contemporary build, offering move-in readiness without the concerns of an older property. At 1,443 sqft, the living space is comfortably sized, ranking around the citywide average, and is situated on a manageable, low-maintenance lot.
The data presents a nuanced picture. While the home's assessed value ($412k) is below average for its immediate street and neighborhood, it is above the Winnipeg average. This suggests you may get more modern home for your dollar here compared to the broader city, but within a newer, higher-value pocket of Peguis. The home is notably newer than almost all comparable properties city-wide and on its street, which is a significant advantage.
This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home without needing renovations. It’s also a practical choice for those who value newer construction efficiencies (like updated insulation and building codes) over a larger lot size. Buyers should be comfortable with a property that has a higher assessed value relative to many city homes but is positioned at a more accessible point within its own newer subdivision.
Frequently Asked Questions
1. Is this home priced below its neighbors?
Based on assessed values, yes. The home's assessment is below the average for both Tyson Trail and the wider Peguis neighborhood. This can indicate a relative value opportunity within this specific, newer area.
2. What are the trade-offs for such a new home?
The most evident trade-off is lot size. The property sits on a smaller parcel of land compared to most homes on its street, in the neighborhood, and across Winnipeg. This means less outdoor private space but also less yard work.
3. How stable is the assessed value?
The $412k assessment is closely aligned with the home's last known sale price in 2023 (which fell within the $400k-$450k range). This consistency suggests the assessment is firmly grounded in recent market activity.
4. What does the "Below Average" living area ranking on its street mean?
It simply means that many homes built recently on Tyson Trail are slightly larger. At 1,443 sqft, this home is by no means small—it is larger than the average Winnipeg home and provides ample space for many households.
5. Where can I get the exact historical sale price?
The provided data shows a sold price range. Due to industry regulations, exact sale figures are not published online here. You can request the precise sale history via email from the site, which they will provide manually without using your details for marketing.