Property Overview: 498 Tyson Trail, Peguis, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a modern, low-maintenance property built in 2021, offering a move-in-ready experience in the Peguis neighbourhood. Its key appeal lies in its balance of new construction and a relatively accessible price point within the city.
The 1,414 sqft living space is compact compared to others on its street but is actually slightly above the average size for a Winnipeg home. This creates an efficient layout that suits smaller households, first-time buyers, or those looking to downsize without sacrificing modern amenities. The assessed value of $423k sits below the averages for both its immediate street and the broader Peguis area, yet it is above the city-wide average. This positioning suggests it may offer better value for a newer home compared to its direct neighbours, while still representing a premium for its modern condition compared to the city's older housing stock.
The lot is modest at 3,309 sqft, which means less yard maintenance—a plus for busy professionals or those seeking a lock-and-leave lifestyle. The home’s true standout feature is its age; built in 2021, it is newer than approximately 98% of all homes in Winnipeg, virtually eliminating concerns about major near-term repairs or outdated systems.
This property would best suit buyers who prioritize modern construction and efficiency over expansive space. It’s a strong fit for first-time buyers entering the market with a modern home, downsizers seeking a newer, manageable property, or investors looking for a relatively new asset with lower maintenance demands.
Section 2: Frequently Asked Questions
1. How does the value of this home compare to others?
The home’s assessed value of $423,000 is below the average for both Tyson Trail and the Peguis area, but above the Winnipeg city-wide average. This indicates you may be paying less than neighbours for a similar modern home, but are investing in a newer property compared to most of the city's older housing stock.
2. Is the living space sufficient for a family?
At 1,414 sqft, the living area is smaller than most on its street but is slightly larger than the typical Winnipeg home. It likely offers an efficient, modern layout best suited for smaller families, couples, or individuals.
3. What are the benefits of a 2021 build?
A home built just five years ago offers significant advantages, including modern building codes, energy-efficient systems, contemporary design, and minimal risk of major immediate repairs. It ranks in the top 2% city-wide for year built.
4. How much maintenance should I expect with the yard?
The lot size of 3,309 sqft is notably smaller than averages for the street, area, and city. This translates to less lawn care and exterior maintenance, which can be a desirable feature for those with busy schedules.
5. Where can I find verified historical sale data for this property?
The provided data is based on public records. For fully verified transaction history and exact sale prices, you must request a manual lookup from the site via email, as they do not display MLS-sourced sold records.