Property Overview: 343 Peguis Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a modern, well-sized property built in 2021, offering the benefits of a newer build with minimal maintenance and contemporary standards. Its primary appeal lies in its efficient use of space and strong value within its immediate locale. At 1,400 sqft, it is the largest home on Peguis Street, providing above-average living space for the block. With an assessed value of $363k, it sits just above the street average, suggesting a solid investment in a street of similar, newer homes.
The property suits buyers seeking a turn-key, modern home without the premium often attached to brand-new builds. It’s ideal for first-time buyers or downsizers who prioritize a low-maintenance lifestyle but still want generous indoor space. A thoughtful perspective is the trade-off: while the lot size is smaller than most in the wider neighborhood and city, this often translates to less yard work and lower property taxes, aligning with a lock-and-leave ease. Its rankings indicate you’re buying a top-tier property for this specific street, which can be a smarter strategy than buying an average home in a more expensive area.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value ($363k) is for municipal tax purposes. Market value is determined by current buyer demand. The home last sold between $300k-$350k in 2021, so its current assessed value reflects significant appreciation since construction.
2. Is the smaller lot size a major drawback?
It depends on your lifestyle. The lot is above average for the street but below the neighborhood average. This means less outdoor maintenance and lower land taxes, but also limited space for extensive gardening, expansions, or privacy from neighbors.
3. What does the "Elite" city-wide ranking for year built mean?
Being in the top 2% city-wide for a new build (2021) is significant. Winnipeg has a large stock of older homes, so this property is among the newest in the entire city, suggesting modern building codes, materials, and systems.
4. Why is the assessed value "Below Average" in the wider Peguis neighborhood?
The wider Peguis neighborhood includes many homes with larger lots and potentially more square footage, commanding higher values. This property offers modern amenities and efficiency in a more compact, affordable package compared to those larger, possibly older homes.
5. How can I get the exact historical sold price?
The site provides sold price ranges for transparency. Due to industry regulations, exact MLS sold prices are not published here. You can request the exact figure via email from the site operators, who will manually look it up and send it to you.