Property Summary: 80 Prairie Crocus Drive, Peguis, Winnipeg
Section 1: Key Characteristics & Appeal
This 2017-built home in the Peguis neighbourhood presents a specific value proposition. Its key characteristic is a notable contrast: the house itself is compact at 1,007 sq ft, placing it below average in size for both the immediate street and the wider area. However, it sits on a generously sized 5,600 sq ft lot, which is among the largest on Prairie Crocus Drive. With an assessed value of $407,000, it is priced below the local area average but aligns closely with the wider Winnipeg average.
The appeal lies in this balance. It offers a modern, low-maintenance home with the benefit of a newer build (placing it in the top 5% city-wide for age), coupled with a substantial yard rarely found in newer subdivisions. This suits buyers who prioritize outdoor space—for gardening, children, or pets—over extensive indoor living area. It’s a practical fit for first-time buyers, small families, or downsizers seeking a newer property without a premium price tag, provided their space needs are modest. A thoughtful perspective is that this property represents an entry point into a newer community, where the land itself may hold more long-term value than the current structure.
Section 2: Frequently Asked Questions
1. Is the house too small for a growing family?
The living area is below average for the area. It would best suit a small family or those comfortable with efficient use of space. The large lot does provide crucial room for children to play outdoors.
2. Why is the assessed value below the neighbourhood average?
The assessed value reflects the home’s smaller square footage compared to many larger, similarly aged homes in Peguis. When viewed city-wide, however, its value is very close to the average, suggesting the local market has a higher typical benchmark.
3. What are the advantages of a 2017 build?
A home built in 2017 likely has modern building codes, energy efficiency standards, and major systems (like roof, furnace, and appliances) that are relatively new, potentially reducing near-term repair costs.
4. How does the lot size compare to typical properties?
The 5,600 sq ft lot is a standout feature on this street, ranking in the top 4%. It offers significantly more outdoor space than many neighbouring properties, which average closer to 4,322 sq ft.
5. What is the historical price context?
Public records indicate the home last sold between $250,000 and $300,000 in late 2016, likely near its initial construction. The current assessed value of $407,000 reflects market appreciation since that time. For exact historical sale prices, a manual lookup with the site is required.