Property Overview: 509 Tyson Trail, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 509 Tyson Trail in the Peguis neighborhood is a modern, well-sized property that offers a balanced and practical living proposition. Built in 2021, its key appeal lies in its contemporary construction paired with sensible, established sizing. With 1,617 sqft of living space, it sits comfortably above the Winnipeg city average, offering more room than many older homes, while remaining typical for its immediate street and area—meaning it fits right in without standing out as unusually large or small.
The assessed value of $462K reflects this balance, being above the citywide benchmark but average for Peguis. A thoughtful perspective is that this property represents a "sweet spot" of newer builds (placing it in the top 2% city-wide for age) without the premium often attached to the very latest constructions. The lot size is more compact, which translates to less yard maintenance—a potential upside for buyers seeking a modern home but wanting to minimize weekend chores.
This home would suit first-time buyers looking for a move-in-ready, low-maintenance property, or young families seeking a modern layout in a developing community. It’s also a sensible choice for value-focused buyers who want the benefits of a new build (like modern efficiency standards and warranties) without paying for elite-level square footage or lot size.
Section 2: Frequently Asked Questions
1. How does this home compare to others in the area?
The home is very typical for its specific street and the broader Peguis neighborhood in terms of living space, lot size, and value. Its standout feature is its age; it's newer than about 75% of homes in Peguis and 98% of homes across Winnipeg.
2. Is the lot size a concern?
The 4,017 sqft lot is below the city average. This means a smaller backyard, which could be a drawback for those wanting extensive outdoor space. However, it also means less landscaping and yard upkeep, which many buyers see as a benefit.
3. What is the likely price range based on past sales?
A comparable home on this street sold in 2021 for between $400K and $450K. Given the current assessed value and market trends, a buyer should expect the price to be in a higher range today, but recent exact sales data requires a direct request to the site for full verification.
4. What are the property taxes likely to be?
Property taxes are calculated based on the assessed value ($462K) and the city's mill rate. You can estimate them by applying the current Winnipeg mill rate to the assessed value.
5. How can I get verified, exact sold prices for this area?
The displayed sold data is from public sources, not the MLS. For fully verified transaction histories and exact sale figures, you need to request a manual lookup via email through the SaveOnHouse website, which they provide as a free service.