23 Pegasus Street – Property Summary

Section 1: Key Characteristics & Buyer Profile

This is a 2,079 sqft home built in 2023 on a 3,673 sqft lot. It ranks in the top 1% of Winnipeg homes for newness (built well after the city average of 1966) and sits in the top 9% city-wide for both assessed value ($583,000) and living space. On its own street, it’s the newest and most valuable property.

The appeal is straightforward: you’re getting a modern, recently built home in a neighborhood where most housing stock is older, and you’re not paying for a massive lot you don’t need. The land size is modest by city standards—below average for Winnipeg—but that’s typical for newer infill builds where the value is in the house, not the yard. For a buyer who wants low-maintenance outdoor space and a contemporary interior without the premium of a custom build, this hits a practical sweet spot.

This property would suit buyers who prioritize energy efficiency, modern finishes, and move-in readiness over character or acreage. It’s also a good fit for someone looking to avoid immediate renovation costs—common in older homes at this price point—or for an investor or homeowner who values strong resale positioning relative to the surrounding area.

Section 2: Five Possible FAQs

1. Why is the land area below the city average while the house is above average?
This is common in newer subdivisions and infill developments. The lot is sized efficiently for a modern floor plan, not for a large yard. The city average (6,570 sqft) includes older homes on generous lots, many with much smaller houses. This trade-off reflects a shift toward usable interior space over land, especially in urban areas.

2. How does this home compare to others on Pegasus Street?
It ranks first on the street for both assessed value and newness, and second for living area. The street average for living space is around 1,768 sqft, so this home is roughly 300 sqft larger than the typical nearby property.

3. What does the assessed value of $583,000 actually mean for a buyer?
It’s the municipality’s estimate of market value for tax purposes, not necessarily the sale price. Being in the top 9% city-wide suggests it’s a premium property relative to Winnipeg’s overall stock, but local market conditions and final sale negotiations will determine the actual price.

4. Is a 2023 build likely to have better energy performance than older homes?
Generally yes, due to updated building codes and materials. However, “new” doesn’t guarantee superior insulation or mechanicals—it’s worth reviewing the specific HVAC system, window ratings, and any energy certifications if these matter to you.

5. How does the neighborhood (West Kildonan Industrial) affect daily living?
The area is mixed-use, with light industrial and commercial properties nearby. This can mean good access to services and transit, but also more traffic and less of a purely residential feel compared to quieter suburbs. It’s worth visiting at different times of day to get a sense of noise and activity levels.