Property Overview: 38 Dr. Michael K. Grace Lane, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a modern, low-maintenance property built in 2021, offering a move-in-ready experience in Winnipeg's Peguis neighborhood. Its key appeal lies in its contemporary construction, which stands out both on its street and city-wide, meaning buyers can expect newer systems, finishes, and building codes. With 1,332 sqft of living space, it offers a practical footprint that is very close to the average for both its immediate street and the wider city.
The property suits first-time buyers or downsizers seeking a modern home without the premium often attached to newer builds in more established areas. It represents a value-conscious entry into a newer home, as its assessed value is notably below the neighborhood average. A thoughtful perspective is that this home offers modern convenience in a more modest package—the lot size is significantly smaller than typical for Peguis and Winnipeg, which translates to less yard upkeep but also less private outdoor space. This trade-off is central to its character: it’s for those prioritizing a new interior over a large garden.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others in the area?
Its assessed value of $337k is below the Peguis neighborhood average ($488.3k) and slightly below the Winnipeg average. This suggests it may offer a more affordable price point within the area, though factors like the smaller lot size contribute to this.
2. What are the implications of the home being built in 2021?
As one of the newest homes on its street and in the city overall, major components like the roof, HVAC, and appliances are likely in early stages of their lifespan, potentially reducing near-term repair costs. It also benefits from contemporary building standards.
3. The lot size is noted as "below average." How significant is this?
The land area is 2,125 sqft, which is considerably smaller than most lots in Peguis and Winnipeg. This means a compact, manageable yard but limited space for expansions like large decks, sheds, or extensive landscaping.
4. What does the sold price history indicate?
The home last sold between $250k-$300k in April 2021. This provides a historical benchmark, but the current assessed value and market conditions will determine its present market price.
5. Who would this property be a good fit for?
It’s well-suited for buyers who value modern, worry-free interiors and are willing to accept a smaller outdoor area for that benefit. It’s less ideal for those seeking a large yard, extensive gardening space, or a home significantly above average in size for the neighborhood.