55 Pegasus Street – Property Summary
Key Characteristics & Buyer Profile
This property is a 2022-built home with 1,646 square feet of living space and a 3,673-square-foot lot. It sits in a small street of 15 comparable homes and ranks near the top for land size—first on the street—but below average for assessed value relative to its immediate neighbours. The home is newer than roughly 99% of properties citywide, and its living area is above average for both the neighbourhood and Winnipeg as a whole.
The appeal lies in its balance of new construction and a relatively large lot for this particular street. It’s not the most expensive home on the block, which could mean better value for someone looking at this immediate pocket of West Kildonan Industrial. The assessed value is middle-of-the-pack for the neighbourhood, suggesting the home is not overpriced compared to similar nearby properties.
This property would suit buyers who want a newer build without a massive yard to maintain—citywide lot sizes are much larger, but this lot is generous for its immediate street. It may also appeal to someone who prioritises being in a small, consistent street of similar-age homes, rather than an older, more established area where lot sizes are bigger but homes are much older. Investors or flippers looking for a newer property that’s not at the top of its street’s price bracket could find it interesting, though the lower-than-average street-level assessed value may indicate a need for updates or a less desirable position within the block.
Frequently Asked Questions
1. How does this home compare to others on the same street?
It ranks 10th out of 15 for living area (around average), 14th for assessed value (below average), and 1st for land area. The street average year built is 2022, so this home is aligned with its neighbours in age.
2. Is this a good investment based on assessed value?
At the street level, the value is below average despite being new and having the largest lot. This could mean the home is undervalued relative to its immediate peers, or that its location within the street—or specific finishes—bring the value down. Citywide, value is above average (top 26%), which is notable given the home’s newer age.
3. How large is the lot compared to other Winnipeg homes?
The lot is 3,673 square feet. That’s larger than most homes on Pegasus Street (top 7%), but smaller than the citywide average of 6,570 square feet. In the wider neighbourhood, it’s about average.
4. What is the neighbourhood like for this property?
West Kildonan Industrial is a mixed-use area with a mix of newer and older homes. This property sits on a street of similar-age homes built around 2022, which is unusual for Winnipeg overall—most homes citywide date from the 1960s or earlier. The neighbourhood average year built is 2021, so it’s a relatively new pocket.
5. How can I see this property compared to nearby homes in more detail?
The neighbourhood analysis page, accessible via the property listing, offers a side-by-side comparison with nearby homes on a map. It includes data on year built, living area, assessed value, and lot size for each property.