Property Overview: 401 Tyson Trail, Winnipeg
Key Characteristics & Buyer Appeal
This home at 401 Tyson Trail in the Peguis neighborhood is a modern, well-sized property built in 2022. With 1,557 sqft of living space, it offers a practical layout that is competitively sized for its street and area, while ranking above average for space compared to the wider Winnipeg market. Its assessed value of $465K follows a similar pattern—positioned around the average for its immediate surroundings but representing a premium, above-average value when viewed city-wide.
The primary appeal lies in its balance of new construction and established neighborhood context. As a 2022 build, it offers contemporary construction standards and modern systems, ranking in the top 1% city-wide for age. This is a significant advantage for buyers seeking minimal immediate maintenance. The home sits on a 3,782 sqft lot, which is typical for the street but smaller than the Winnipeg average, suggesting a lower-maintenance yard suited for busy lifestyles or those preferring indoor living space over extensive outdoor upkeep.
This property would suit first-time move-up buyers or young families looking for a modern, turn-key home in a developing area without the premium of a brand-new, standalone subdivision. It also appeals to value-conscious buyers who recognize that its city-wide rankings for size, value, and newness outperform its more modest street-level rankings, indicating a solid long-term investment within a newer community.
Frequently Asked Questions
How does this home’s value compare to recent sales on the street?
Based on available data, the home sold in late 2024 for an estimated $500K-$550K, which placed it in the top 25% of sale prices for Tyson Trail at that time. This suggests it was positioned at the higher end of its immediate market.
Is the lot size a drawback?
It depends on your priorities. The lot is smaller than the city average, which means less yard for gardening or large play structures. However, it is very typical for homes on Tyson Trail and in newer neighborhoods, translating to less weekly upkeep and more time enjoying the modern interior.
What does it mean that the year built is "Elite" city-wide?
This highlights that a 2022 construction is a rarity in Winnipeg, where the average comparable home was built in 1966. You are getting a home with modern building codes, energy efficiency, and warranties that are simply not available in the vast majority of the city's housing stock.
Are property taxes likely to be high?
The assessed value of $465K is the basis for municipal taxes. While it's above the city-wide average, it is around the average for both the street and the Peguis area. You can expect taxes to be generally in line with other newer homes in this specific neighborhood.
How stable is the property value in this area?
The home was previously sold in 2022 for an estimated $400K-$450K. The 2024 sale price indicates notable appreciation over two years, consistent with a desirable newer build in a developing area. The concentration of other modern homes (like the comparable listings from 2022-2023) suggests the neighborhood is establishing a stable, contemporary character that supports values.