Property Overview: 518 Tyson Trail, Peguis, Winnipeg
Key Characteristics & Appeal
This is a modern, two-year-old home (built in 2024) that offers a compelling blend of new construction benefits and established neighbourhood value. Its primary appeal lies in its above-average living space (1,739 sq ft) compared to most Winnipeg homes, paired with a relatively efficient lot size. The data presents a nuanced picture: while the lot is smaller than many in the area, the home itself is newer and larger than the vast majority of city-wide properties. This creates an efficient use of space that may suit those who prioritize interior square footage over extensive yard maintenance.
The assessed value of $455k sits around the average for Tyson Trail and the broader Peguis area, but ranks well above the city-wide average, suggesting the property holds its value in a desirable context. The recent sale price (estimated between $450k-$500k in August 2024) aligns closely with this assessment. This home would ideally suit first-time buyers or young families seeking a modern, move-in-ready property without the premium often attached to brand-new builds. It also appeals to value-conscious buyers who want more interior space than typical for the price and are comfortable with a standard-sized urban lot.
Frequently Asked Questions
1. How does the lot size impact this property?
While the land area is smaller than many lots on the street and in Peguis, it is a very typical size for newer urban developments. This can mean lower maintenance and landscaping costs, but may be a consideration for buyers wanting a large backyard for recreation or gardening.
2. What does the "Elite" ranking for Year Built mean?
This indicates the home is among the newest 1% of comparable properties city-wide and on its street. For a buyer, this translates into the benefits of modern building codes, newer major systems (like HVAC and plumbing), and likely lower immediate repair costs.
3. Is the assessed value a reliable indicator of the market price?
The assessed value is for municipal tax purposes. The fact that the recent sold price range aligns with it is a positive sign of market stability. However, a professional appraisal or comparative market analysis is always recommended for precise valuation.
4. Who might this home not suit?
Buyers seeking a very large yard, or those who prefer the character and larger lot sizes often found in older, established neighbourhoods, might find this property less aligned with their priorities.
5. How can I get the exact historical sold price?
The exact sale price is not publicly displayed due to industry regulations. You can request the verified figure by email through the listing page; the service provider will manually look up and send the information directly to you.