Property Overview: 35 Philip Lee Drive, Winnipeg
Key Characteristics & Appeal
This 2017-built home in the Peguis neighborhood offers a modern, low-maintenance footprint. At 1,007 sqft, its living space is notably compact compared to most homes on its street and in the immediate area, but it is relatively new compared to the average Winnipeg house. The assessed value of $406k sits below the street and neighborhood averages, yet is close to the city-wide benchmark, suggesting a price point that may offer entry into a newer community.
The primary appeal lies in its efficiency and modernity. It represents an opportunity to own a contemporary home without the premium often attached to newer properties in the area. The smaller scale translates to lower utility costs and less upkeep. This property would best suit first-time buyers, downsizers, or investors seeking a modern, turnkey property with predictable expenses. It’s a pragmatic choice for those who prioritize a newer build and financial accessibility over square footage, offering a chance to live in a young neighborhood without the price tag of its larger neighbors.
Frequently Asked Questions
1. Is this a good value for the money?
The data suggests a mixed picture. Its assessed value is significantly below the average for Philip Lee Drive, but it's competitively priced against the wider Winnipeg market. You are paying primarily for the modern build year (2017) and the desirable Peguis neighborhood, rather than for a large living space or lot size.
2. How does the lot size impact living here?
At 3,900 sqft, the lot is smaller than most on the street. This means less outdoor maintenance and yard work, which is a plus for some. However, it also means less private outdoor space for gardening, play, or entertainment compared to neighboring properties.
3. The home sold in 2017 for between $250k-$300k. Why is the assessed value now $406k?
This reflects market appreciation over the past seven years, consistent with trends in newer Winnipeg neighborhoods. The current assessment aligns it more closely with the city-wide average, indicating its value has risen from its original purchase price.
4. Who might this property not suit?
It may not be ideal for growing families needing ample indoor space or for buyers who envision extensive additions or landscaping, given the smaller lot. Those seeking a property that leads its immediate area in size or value may find better options elsewhere on the street.
5. How can I verify the exact historical sale price?
The provided sold price is an estimated range from public data. For fully verified and exact transaction figures, you must request a manual lookup from the site via email, as they do not display MLS sold records due to industry regulations.