Property Overview: 429 Tyson Trail, Winnipeg
Key Characteristics & Appeal
This home at 429 Tyson Trail in the Peguis neighbourhood is a modern, above-average sized property built in 2021. Its primary appeal lies in its spacious 1,834 sqft living area, which ranks within the top 20% of homes both locally and city-wide, offering more interior room than most Winnipeg houses. With an assessed value of $497,000, it sits at a premium compared to the city-wide average but is competitively priced within its own desirable area.
The property suits buyers looking for a relatively new build that requires minimal immediate upkeep, set in an established modern community. It’s an ideal fit for those who prioritize interior space over a large yard, as the lot size is more compact compared to the city average—a trade-off for a newer home in a developed area. A thoughtful perspective is that this home represents a balance: it offers modern efficiencies and space without the premium lot size of older neighbourhoods, potentially appealing to busy professionals or small families seeking a low-maintenance lifestyle without sacrificing room to grow indoors.
Frequently Asked Questions
1. How does this home’s value compare to others in the area?
The assessed value is very close to the average for both Tyson Trail and the wider Peguis area, but it ranks in the top 20% city-wide. This suggests you are paying a premium for the neighbourhood and modern home features compared to the broader Winnipeg market, but are in line with local expectations.
2. Is the lot size a concern?
The land area is smaller than the city average. This typically means lower outdoor maintenance, but may limit expansion plans like large decks or additions. It’s worth considering if private outdoor space is a major priority.
3. What does the sold price history indicate?
Records show it last sold in October 2021 for between $400,000 and $450,000. The current assessed value of $497,000 reflects market appreciation since then. For exact historical sold prices, a manual lookup via the site’s email request service is needed.
4. How does the age of the home benefit a buyer?
Built in 2021, this home is newer than approximately 98% of homes in Winnipeg. This “Elite” ranking city-wide suggests major components like the roof, HVAC, and appliances are likely under warranty or have most of their lifespan remaining, reducing near-term repair costs.
5. Where can I see more detailed comparisons with neighbouring properties?
The listing provides a link to a neighbourhood analysis page, which maps nearby houses and allows for detailed comparison of year built, living area, assessed value, and lot size.