Property Overview
594 Transcona Boulevard is a modern, well-situated home in Winnipeg's Peguis neighbourhood. Built in 2017, this 1,309 sqft property presents a specific value proposition shaped by its comparative metrics.
Key Characteristics & Appeal
This home’s primary appeal lies in its modern construction and efficient use of space within a desirable local context. It is a newer build (2017), ranking in the top 4% for age on its street and top 5% city-wide, suggesting it offers contemporary features and systems with less immediate need for updates. The living area is notably above average for Transcona Boulevard (top 4%), providing comfortable space relative to its immediate peers.
The assessed value of $381k is consistently around the average for its street and the wider city, but it sits below the average for the larger Peguis area. This creates an interesting dynamic: you are acquiring a newer, well-sized home for a value-oriented price within a broader, potentially more expensive neighbourhood. The lot is compact (2,361 sqft), which translates to lower maintenance—a plus for those seeking a lock-and-leave lifestyle or who prefer to spend less time on yard work. Recent sale history indicates steady market activity.
This property would suit first-time buyers or downsizers looking for a modern, low-maintenance home without a premium price tag. It’s ideal for someone who values newer construction and efficient interior space over a large yard. The data suggests it represents a practical entry point into a neighbourhood where other homes may be older or carry higher valuations.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value ($381k) is around average for the city and its own street, but it is below the average assessed value for the broader Peguis area. This can indicate a value opportunity within the neighbourhood.
2. What does the "Elite" ranking for year built mean?
An "Elite" ranking (top 5%) for year built means this home is significantly newer than most comparable properties in its comparison group. On this street and city-wide, it is among the newest 5% of homes, suggesting modern construction standards and likely newer major components like roof, HVAC, and windows.
3. Is the lot size a disadvantage?
The lot is compact (2,361 sqft), ranking below average for the area and city. This is a disadvantage if you desire extensive outdoor space, gardening, or privacy. However, it is a distinct advantage for buyers seeking minimal yard maintenance, lower landscaping costs, and a more lock-and-leave lifestyle.
4. What can past sale prices tell me?
The home sold in 2021 and again in 2022, showing active market interest. The sold price ranges moved from the $300k-$350k band to the $400k-$450k band over that period. For exact historical sale figures, you can request a manual lookup from the site via email.
5. Who would this home not be ideal for?
This home may not suit buyers who prioritize a large private yard, extensive space for expansion, or those seeking a property whose value is above the neighbourhood average. It’s also less suited for those needing significantly more interior space, as it is below the average living area for the Peguis area.