Property Overview: 514 Tyson Trail, Peguis, Winnipeg
Key Characteristics & Appeal
This home at 514 Tyson Trail is a modern, low-maintenance property built in 2022. Its key appeal lies in its contemporary construction, offering a move-in-ready condition with the benefits of a newer build, such as modern building codes, energy efficiency, and likely minimal immediate repair needs. With 1,332 sqft of living space, it provides a practical footprint that is very close to the city-wide average, suited for small families, couples, or first-time buyers.
The data presents a nuanced value proposition. The assessed value of $429k sits below the averages for both its immediate street and the broader Peguis area, yet it is above the city-wide average for comparable homes. This suggests you may be acquiring a newer home at a value relative to its direct neighbourhood. However, the lot size (3,309 sqft) is notably smaller than most in the city, a trade-off for the modern home. This combination makes it ideal for buyers who prioritize a new, efficient home over a large yard, and who see value in a property that is newer than 99% of homes across Winnipeg.
Frequently Asked Questions
1. Is this a good value for the money?
The data suggests a mixed picture. The home’s assessed value is below the local neighbourhood averages, which could indicate a relative value within Peguis. However, it is above the city-wide average for comparable homes, partly reflecting its very recent build year.
2. What are the main trade-offs with this property?
The primary trade-off is lot size. You are getting a modern, low-maintenance home on a compact parcel. This is ideal for those who prefer minimal yard work but may not suit those wanting extensive outdoor space.
3. How does the build year affect insurance or utilities?
Being built in 2022, the home likely meets current building and energy codes. This can sometimes lead to more favourable home insurance rates and potentially lower heating/cooling costs compared to older stock, but you should confirm with providers.
4. The sold price history shows a range from 2022. Can I get the exact figure?
The public data shows a sold price band of CA$350k–400k for July 2022. The site notes that exact sold prices are not displayed due to data source rules, but you can request them via email for a manual lookup.
5. What does it mean that the home is "Elite" for year built city-wide?
This statistical ranking means this home is newer than approximately 99% of all comparable properties across Winnipeg. It highlights a key advantage if you are comparing this property against the broader market, not just the immediate area.