15 Pegasus Street

15 Pegasus Street – Property Summary

Key Characteristics & Buyer Profile

This is a 2023-built home with 1,646 sq ft of living space on a 3,673 sq ft lot. It’s newer than nearly everything around it—ranking first on its street for build year and in the top 1% city-wide. That puts it in a different category from most houses in Winnipeg, where the average build year is 1966.

The assessed value sits at $472,000, slightly below the street average but above the city average. That means you’re getting a modern house without paying a premium compared to older homes in the same area. The lot size is generous by street standards but small for the city overall—worth noting if you’re used to large suburban yards.

The appeal here is straightforward: a nearly new home in a settled neighbourhood, with none of the renovation headaches or outdated systems that come with most Winnipeg properties. It suits buyers who want something move-in ready and efficient, without the premium of a brand-new development. That could be first-time homeowners who want to skip fixer-uppers, downsizers coming from an older house, or anyone who values low maintenance and modern construction over square footage or a big yard.

Frequently Asked Questions

1. How does this home compare to others on Pegasus Street?
It’s the newest house on the street (built in 2023, while most are from 2022 or earlier). Its living area is slightly below the street average, and its assessed value is a bit below average too. The lot is the largest on the street, though only by a single square foot.

2. Is the assessed value of $472,000 a fair price?
It’s below the street average ($496,000) but above the city average ($390,000). Given the home is essentially brand new, the assessment seems realistic—it’s not overpriced relative to older homes nearby, but you’re paying for the newer construction.

3. Why is the lot size ranked low city-wide if it’s the biggest on the street?
City-wide, lots in Winnipeg average 6,570 sq ft—nearly double this property’s 3,673 sq ft. That’s because many homes in the city sit on larger, older plots. On Pegasus Street, lots are uniformly small, so this one stands out locally but not in the broader market.

4. What’s the neighbourhood like?
West Kildonan Industrial is a mixed area—some industrial properties, some older residential. It’s not a typical suburban subdivision. Buyers should check the immediate surroundings to see how comfortable they are with the mix. The home’s newness might feel out of place on a street of older houses.

5. Would this be a good investment?
Homes this new typically need fewer repairs for a decade or more, which lowers carrying costs. But because the lot is small and the area isn’t a high-growth corridor, appreciation may be modest compared to more sought-after neighbourhoods. It’s a solid choice for living in, not necessarily for flipping.