Property Overview: 55 Philip Lee Drive, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its modern build year and citywide affordability, set against a neighbourhood of larger, higher-value properties. Built in 2017, it is a notably newer home compared to the Winnipeg average, offering contemporary construction and likely lower immediate maintenance. With 1,160 sqft of living space, it is compact relative to most homes on its street and in the Peguis area, but is closer to the average size citywide. The assessed value of $395k is significantly below the averages for its immediate street and neighbourhood, yet aligns closely with the typical Winnipeg home value, suggesting you are paying a premium for location within Peguis but potentially getting a modern home at a city-typical price.
Its primary appeal lies in this balance: acquiring a relatively new home in an established neighbourhood without the premium often attached to larger, renovated properties. It would suit first-time buyers or downsizers who prioritize modern systems and a low-maintenance start over square footage. The smaller lot size (4,137 sqft) further aligns with a desire for easier yard upkeep. A thoughtful perspective is that this property allows entry into a neighbourhood where most homes are valued much higher, offering potential for community amenities and stability, while the home itself represents a practical, efficient footprint.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
The data indicates it is one of the most affordable homes on Philip Lee Drive, with an assessed value well below the street average. You are paying less, but also getting less square footage and a smaller lot than most neighbours.
2. How does its modern build year (2017) impact its value?
Being built in 2017 places it among the newer homes in Winnipeg, which can mean newer major components (roof, HVAC, windows) and modern building standards. This is a key advantage compared to the city's much older average home age.
3. The living area seems small. Who is this layout best for?
At 1,160 sqft, the home is efficient. It's likely best suited for individuals, couples, or small families who don't require extensive space. It emphasizes modern quality over size, which can mean lower utility and maintenance costs.
4. How stable is the assessed value compared to the city?
The home's $395k assessment is very close to the citywide average, suggesting its value is in line with broader Winnipeg market trends, even if it sits below its immediate neighbourhood's average.
5. Can I find out the exact historical sale price?
The listed sale data is an estimate from public records. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as they do not have access to official MLS sales history.