Property Overview: 506 Transcona Boulevard, Winnipeg
Section 1: Key Characteristics & Appeal
This 2017-built home in the Peguis neighborhood offers a modern, low-maintenance foundation in a community of similar-aged houses. Its key characteristic is balance: with 1,242 sqft of living space and an assessed value of $368k, it sits close to city-wide averages, presenting a straightforward, contemporary option without premium pricing.
The appeal lies in its modern age and relative value. Being built in 2017 places it among the newest homes on its street and city-wide, suggesting newer building standards, systems, and less immediate repair concern. While the lot size is compact compared to many Winnipeg properties, this translates to less yard upkeep. The home’s assessed value is notably below the neighborhood average, potentially offering more modern interior finishes per dollar than older, larger-lot homes in Peguis.
This property would suit first-time buyers or downsizers seeking a turnkey, newer build without a sprawling yard to manage. It’s also a practical fit for value-oriented buyers who prioritize a modern home’s mechanical and structural advantages over maximum square footage or lot size. A less obvious perspective is its appeal to data-conscious buyers; the home represents a specific, modern segment of the market (post-2017 builds) that may hold its appeal as housing stock in the city ages.
Section 2: Frequently Asked Questions
1. How does the compact lot size impact daily living?
While the yard is smaller than many in Winnipeg, it requires less maintenance. It may limit extensive gardening or large outdoor recreation space but is sufficient for a patio set or small play area.
2. The assessed value is below the neighborhood average. Does this indicate a problem?
Not necessarily. Peguis contains a wide variety of homes. This lower assessment primarily reflects the home’s more compact size compared to larger, sometimes older homes in the same area, not a deficiency in condition.
3. What are the implications of buying a home built in 2017?
Homes of this age typically feature modern building codes, efficient windows, and newer major systems (like HVAC). They often require only routine maintenance in the near term, unlike older homes which may be due for significant updates.
4. How does this home compare to others on the same street?
It is very typical for its immediate street. Most homes on Transcona Boulevard in this block were built around the same time (2017) and have similar living areas. This home’s value and size are consistent with its direct neighbors, offering neighborhood uniformity.
5. Where can I get verified historical price data for this property?
The sold price data shown is from public records. For fully verified figures and a complete transaction history, you must request a manual lookup via email through this site, as MLS data is not displayed here due to industry rules.