7 Pegasus Street – Property Summary
Key Characteristics & Buyer Profile
This 2023-built home on Pegasus Street offers 1,587 square feet of living space on a 3,673-square-foot lot. Its living area sits slightly below the street average but above the citywide average, landing in the top 26% of Winnipeg homes. The assessed value of $488,000 is close to the street average and above both the community and city averages. The home ranks among the newest on the street and within the top 1% citywide for construction year.
The appeal here is not raw size or land, but balance and recency. The lot is generous by street standards but modest by city norms — a trade-off typical of newer infill builds. The home suits buyers who prioritize a modern, low-maintenance structure over a large yard, and who want a property that compares favorably in its immediate neighborhood without overextending on price. It would work well for a professional couple, a small family, or someone downsizing from an older, larger home who still wants central living space.
Frequently Asked Questions
1. How does the living space compare to other homes nearby?
It’s slightly under the average for Pegasus Street (1,768 sq ft) but very close to the West Kildonan Industrial community average (1,591 sq ft). Across Winnipeg, it’s above the typical home of 1,342 sq ft, placing it in the top quarter of the city for size.
2. Is the assessed value a realistic estimate of market price?
Assessed value is a tax-based figure, not a market price. At $488,000, it’s close to the street average and above the community and city averages. For a 2023 build, this suggests the assessment is aligned with newer construction values in the area, but a realtor’s market analysis would give a clearer picture.
3. Why is the lot size ranked low citywide but high on the street?
The lot (3,673 sq ft) is the largest on Pegasus Street, which explains the top ranking there. But across Winnipeg, lots average 6,570 sq ft, so it falls in the bottom quarter citywide. This is common for newer subdivisions where lots are smaller than in older, established neighborhoods.
4. How does the home’s age affect its long-term value or maintenance?
Built in 2023, it is among the newest 1% of homes in Winnipeg. This means modern construction standards, likely better insulation, electrical, and plumbing systems, and lower immediate maintenance costs. Over time, its relative age advantage will diminish, but for now it offers a strong starting point for depreciation and resale appeal.
5. What type of neighborhood is West Kildonan Industrial?
The name suggests a mixed-use area, but the rankings show it has a range of housing sizes and values. The community average for living area (1,591 sq ft) and assessment ($44.3万) are close to this property’s numbers, indicating a fairly consistent housing stock. It is not a high-end or luxury pocket, but a middle-range, established area with solid comparables.