Property Overview: 42 Dr. Michael K. Grace Lane, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, low-maintenance home built in 2021, offering a move-in-ready condition with the benefits of a newer build, such as updated systems and modern finishes. With 1,358 sqft of living space, it is notably spacious compared to other homes on its street and is average for the wider city, suggesting a efficient and comfortable layout for its age.
The primary appeal lies in its value proposition within a newer neighbourhood context. While its assessed value ($336k) is below average for the larger Peguis area and its lot size is compact, this translates to a lower property tax base and less yard upkeep—a practical trade-off. It suits first-time buyers or downsizers seeking a modern home without the premium of a large lot, or investors looking for a relatively new property with potential for steady rental demand in a developing area. A thoughtful perspective is that this home represents a shift towards efficient land use; you're investing more in the quality of the structure itself rather than in extensive grounds.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($336k) is used for calculating municipal property taxes. Market value, or what a buyer might pay, is determined by current market conditions and can be higher or lower.
2. What does the lot size mean for outdoor space?
The lot is 2,125 sqft, which is compact. This means lower maintenance but limited private yard space. It's well-suited for those who prefer patios, decks, or community green spaces over large private gardens.
3. How does this home compare to others in the city?
It's a study in contrasts. It's newer than 98% of city homes, but on a much smaller lot than most. You get a modern home, but in a more efficient footprint compared to the typical Winnipeg house.
4. The home sold in 2021. Is more recent sales data available?
The provided data shows the 2021 sale. For the most recent and exact sale history, you need to request a manual lookup from the site, as they do not display live MLS sold records.
5. What are the implications of the home being "below average" in value for Peguis?
This doesn't necessarily reflect quality. Peguis contains a wide range of properties. This suggests the home is in a more affordable segment of that specific area, which could mean a lower entry point into a desirable neighbourhood.