43 Pegasus Street

Here is a clean, standalone property summary based on the data provided.

Key Characteristics & Buyer Profile

This 2022-built, 1,646 sqft home at 43 Pegasus Street sits on a 3,673 sqft lot. Its most distinctive feature is the lot size—it ranks first on the street, meaning you get notably more land than direct neighbours. The living area is above average for both the West Kildonan Industrial neighbourhood and the city overall, placing it in the top 30% and 23% respectively. The assessed value of $465,000 is at the lower end of the street but sits comfortably above the neighbourhood and city averages.

The appeal here is a trade-off. You gain a very new, efficiently built home with a generous lot for the street, but without paying the premium that some of the higher-assessed neighbours command. The home’s construction year (2022) places it in the top 1% citywide—almost all comparable homes in Winnipeg are much older. This makes the property attractive for someone who prioritizes a newer build and a slightly larger yard over the very highest assessed value in the immediate area. It suits buyers looking for a modern, move-in-ready home in a developing pocket of the city, where the land gives you some breathing room that newer infill lots often lack.

Five Common Questions

1. How does the lot size actually compare to other homes nearby?
On Pegasus Street itself, this is the largest lot among 15 comparable properties. However, at the neighbourhood level it falls right around the average, and it is below the citywide typical lot size for similar homes. The big advantage is relative to your immediate neighbours, not suburban estate lots.

2. Why is the assessed value lower than the street average if the lot is the largest?
Assessed value reflects a range of factors, including the home’s specific features and recent sale data. While the lot is large for the street, the home’s overall assessed value is slightly below the street median ($495.5k). This often indicates that other homes on the street may have different finishes, layouts, or recent renovations that push their values higher. You get the land advantage without the top-tier price tag.

3. How does a 2022 build compare to the rest of Winnipeg?
Very favourably. The citywide median construction year for comparable homes is 1966. This home is among the newest 1% of properties in its category across Winnipeg. This means modern building standards, better energy efficiency, and less immediate maintenance compared to the vast majority of older housing stock.

4. Is the living space considered large or small for the area?
It is above average for both the West Kildonan Industrial neighbourhood and the city. The neighbourhood average is 1,591 sqft, and the citywide average is 1,342 sqft. So at 1,646 sqft, it offers a comfortable amount of space that exceeds the typical home in the wider market.

5. What does the ranking “Top 7%” on the street actually mean for the lot?
It means out of 15 comparable homes on Pegasus Street, this property ranks #1 for lot size. The “Top 7%” is a statistical phrasing—in a small sample, that is effectively the single largest parcel on the street. If having a larger yard than direct neighbours is important to you, this property delivers that clearly.