Property Overview: 450 Tyson Trail, Peguis, Winnipeg
Key Characteristics & Appeal
This home at 450 Tyson Trail is a modern, well-sized property built in 2022, offering the benefits of a near-new construction with minimal initial maintenance. Its primary appeal lies in its above-average space and value proposition within its immediate context. With 1,814 sqft of living area, it ranks in the top quarter for size both on its street and in the wider Peguis area, providing more room than many comparable homes. The assessed value of $518k positions it as a premium property on Tyson Trail itself, while being more aligned with the average in the broader Peguis neighbourhood, suggesting you are paying for a superior home within a desirable local setting.
A thoughtful perspective is its "city-wide" standing. While it's a strong performer locally, its modern build year (2022) places it in the elite top 1% compared to Winnipeg's overall housing stock, which has a much older average. This highlights a key advantage: it offers a contemporary living experience without the premium often associated with brand-new, custom builds. The lot size of 4,745 sqft is generous for the street, providing good outdoor space, yet remains manageable for upkeep.
This property would ideally suit buyers seeking a move-in ready, modern home in an established neighbourhood, who value space and a newer build over an ultra-large lot. It’s a strong fit for professionals, growing families, or anyone looking to avoid the immediate renovations or systems updates common with older homes.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold for between $550,000 and $600,000 in October 2024. This sale price range is above its $518,000 assessed value, which is typical, as market value (what a buyer pays) often differs from the municipal assessment used for tax purposes.
2. Is the lot size typical for the area?
The lot is 4,745 sqft, which is above average for Tyson Trail itself. However, it is slightly smaller than the average lot in the broader Peguis area and across Winnipeg. This indicates a neighbourhood with a mix of lot sizes, where this property offers a very good balance of home size and yard space.
3. What does the "elite" city-wide ranking for year built mean?
Winnipeg has a large inventory of older homes, with an average build year around 1966. A home built in 2022 is therefore newer than 99% of homes in the city. This suggests lower immediate costs for repairs, modern building standards, and likely greater energy efficiency.
4. How current and reliable is the sold price data shown?
The sold price data is sourced from public records, not the MLS, and is presented as a range unless you request exact figures. The site notes that while reasonably reliable, it has had limited verification and some months of data may be missing. For fully verified transaction history, you must request it directly from the site.
5. What kind of neighbourhood is Tyson Trail in?
The listing indicates it's in the Peguis area of Winnipeg. The data shows the street consists largely of newer homes (average build year 2022), with above-average living space and assessed values compared to the city. This suggests a modern, well-appointed subdivision within the larger community.