Property Overview: 347 Peguis Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its modern age and its position within a newer, developing neighbourhood. Built in 2021, it is a notably recent construction compared to the majority of Winnipeg's housing stock, offering the appeal of minimal immediate maintenance, modern building standards, and contemporary finishes. With 1,248 sqft of living space, it provides comfortable room for a small family, couple, or individual, sitting at a practical size that is very close to the city-wide average.
Its primary appeal lies in this balance of new-build convenience and a competitively accessible price point. The assessed value of $328k is significantly below the average for the broader Peguis area, presenting a value proposition for buyers seeking a newer home without the premium often found in more established suburbs. The lot, while smaller than the Winnipeg norm, is typical for its immediate street and requires less upkeep.
This property would best suit first-time homebuyers or downsizers who prioritize a modern, move-in-ready home with lower maintenance concerns over a large yard or estate-sized lot. It’s also a practical choice for value-focused buyers who want the benefits of a newish build but are comfortable in a neighbourhood that is still maturing, as evidenced by the high concentration of recently built homes nearby.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to its neighbours?
The home’s assessed value is below average for both its immediate street and the wider Peguis area, but aligns more closely with the Winnipeg city-wide average. This suggests it may offer relative value within its specific, newer neighbourhood context.
2. What are the implications of the smaller lot size?
At 2,309 sqft, the yard is significantly smaller than the typical Winnipeg lot. This means lower exterior maintenance but also limited space for extensive gardening, large outdoor entertaining, or future expansions like a sizable deck or addition.
3. As a 2021 build, what should I expect regarding maintenance?
While major systems like roofing, HVAC, and appliances should be in good condition, it’s still prudent to review the builder’s warranty status and understand what components may be nearing the end of their typical manufacturer warranties.
4. The home sold in early 2021. What does that indicate?
The initial sale coincided with its construction completion. As the first resale, this transaction will help establish the market price for the home, independent of its original builder sale price.
5. How does the living space compare to nearby homes?
The living area is slightly below the average for both Peguis Street and the broader Peguis area, but is very close to the city-wide average. This indicates the home offers a standard amount of interior space for Winnipeg, though it may be somewhat compact compared to other, often older and larger, homes in its immediate vicinity.