34 Dr. Michael K. Grace Lane

Property Overview: 34 Dr. Michael K. Grace Lane, Peguis, Winnipeg

Key Characteristics & Appeal

This is a modern, low-maintenance home built in 2021, offering a move-in-ready condition with the benefits of recent construction, such as updated building codes and modern systems. With 1,332 sqft of living space, it provides a comfortable footprint that is typical for its immediate street but is notably more compact compared to many homes in the wider Peguis area and across Winnipeg.

Its primary appeal lies in its balance of new construction and value. The assessed value of $342k is significantly below the Peguis neighbourhood average, presenting a more accessible entry point into a desirable area. This creates a unique proposition: a newer home in an established neighbourhood without the premium price tag often associated with new builds in such locations.

The property would suit first-time buyers or downsizers seeking a modern, manageable home without extensive yard work, as the lot is smaller than city norms. It’s also a pragmatic choice for value-conscious buyers who prioritize the condition and efficiency of a newer build over larger square footage or lot size. A less obvious perspective is its potential appeal to those interested in newer infrastructure; being one of the newest homes on its street and in the top 2% city-wide for age, it likely offers contemporary efficiency and minimal immediate repair concerns.

Frequently Asked Questions

1. Why is the assessed value so much lower than the neighbourhood average?
The assessed value is based on the property's specific attributes, including its smaller lot size and living area compared to many larger, older homes in Peguis. This results in a lower valuation, which can mean relatively lower property taxes.

2. What does the smaller land area mean for me?
The 2,716 sqft lot requires less maintenance than a standard city lot, which is a benefit for those seeking low upkeep. However, it may limit options for large additions, decks, or extensive landscaping.

3. How reliable is the sold price data from 2021?
The provided sold price range is based on publicly available data, not the MLS. For fully verified and exact historical transaction figures, you must request a manual lookup from the site via email.

4. Is this a good investment compared to older homes on the street?
As one of the newest homes on the street (top 5%), it may have lower near-term maintenance costs. Its value proposition is different from older, potentially larger homes; it trades square footage and land for modern construction and efficiency.

5. What are the implications of the living area being "below average" for Peguis?
The home's size is perfectly average for its street but smaller than the Peguis norm. This suggests the immediate area may have a mix of home sizes, and buyers should ensure the layout and square footage meet their spatial needs compared to other available options in the broader neighbourhood.