Property Overview & Key Characteristics
This home at 566 Transcona Boulevard is a modern, efficiently sized property built in 2017. Its key appeal lies in its contemporary construction, offering a move-in-ready condition with less immediate concern for major repairs or updates common in older Winnipeg homes. With 1,242 sqft of living space, it provides a comfortable footprint that is very typical for its immediate street and slightly below the average for the broader city.
The data presents a nuanced value picture. Its assessed value of $370k sits below the averages for both its street and the larger Peguis area, potentially indicating room in the market. However, it’s crucial to note the lot size is significantly smaller than typical Winnipeg lots, which is a trade-off for the newer build. This combination makes the property stand out: it’s a newer home on a lower-maintenance yard, positioned at a value point below many area comparables.
This home would suit first-time buyers or downsizers seeking a modern, low-maintenance property without the premium often attached to brand-new builds. It’s also a practical fit for those who prefer a smaller yard to manage. Buyers prioritizing ample outdoor space or future expansion should be aware the lot is compact relative to city norms.
Frequently Asked Questions
1. Is this a good value compared to the neighbourhood?
The assessed value is notably below the Peguis area average, suggesting the asking price may be competitive. The smaller lot size is a primary factor in this valuation, so value depends on how much you prioritize land versus a newer home.
2. What does the “Elite” ranking for Year Built mean?
It means this 2017 build is among the newest 5% of homes city-wide and the top 4% on its street. This is a significant advantage, indicating modern building standards, systems, and likely better energy efficiency than the typical Winnipeg home.
3. How does the lot size impact living here?
The 2,361 sqft lot is substantially smaller than the Winnipeg average. This means lower yard maintenance, but also limited space for additions, large gardens, or extensive outdoor recreation. It promotes a low-maintenance lifestyle.
4. The home sold in late 2021. What can that price tell me?
The prior sale price (shown in a range) provides a historical benchmark. Market conditions have likely changed since then, but it helps establish the property’s price trajectory and can be a point of discussion in negotiations.
5. Why is the living area considered “below average” for Peguis?
The Peguis area has many larger homes, pulling the average up. This home’s living area is actually quite standard for its specific street. It’s more accurate to compare it to the street average (1,284 sqft) than the broader, more varied area average.