Property Overview: 57 William Tweed Terrace, Winnipeg
Key Characteristics & Appeal
This is a modern, two-storey home built in 2022, offering a move-in-ready foundation in Winnipeg's Peguis neighbourhood. Its key appeal lies in its balance of space, new construction benefits, and a strong position within its immediate market. With 2,060 sqft of living space and a generous 6,766 sqft lot, it provides ample room for a growing household. The home ranks in the top tier for lot size and living area compared to most of its street and wider neighbourhood.
The property suits buyers looking for a relatively new build without the premium of a brand-new home, benefiting from established landscaping while still having modern systems and finishes. Its assessed value and recent sale price position it as a solid, mid-range property in the area. A thoughtful perspective is that while the home is new, the basement is unfinished, presenting a clear opportunity for customization and added value according to the next owner's needs and budget. The attached garage and above-average rankings for lot and living space suggest it’s a practical choice for those prioritizing room over luxury finishes.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks highly for lot size (top 18% on the street) and living area (top 23%), but is newer than only about 28% of homes on the street, meaning many neighbours' homes are more recently built.
2. What is the neighbourhood like?
Peguis appears to be a developing area with many new homes, as indicated by the number of recent builds in the "related homes" list. The property itself ranks in the top 15% for lot size within the neighbourhood.
3. Why is the assessed value different from the last sale price?
The home was last sold in November 2022 for $60,600. The current assessed value is $54,400. This difference can reflect market adjustments, the basis of assessment (which may not equal market value), and the timing of the last assessment.
4. Is there potential to increase the home's value?
The unrenovated basement presents the most immediate opportunity to add liveable space and value. The large lot also offers potential for outdoor living spaces or gardens.
5. What are the utility costs likely to be for a home of this age and size?
As a 2022 build, the home should have modern, energy-efficient building standards for insulation, windows, and major systems, which typically leads to lower utility costs compared to older homes of similar size.