2 Peppertree Place – Property Summary
Key Characteristics & Buyer Profile
This is a 1975 home with 966 square feet of living space on a 4,178-square-foot lot, located in Winnipeg’s Westdale neighbourhood. Its standout feature is assessed value: at $296,000, it ranks first on its street (top 6%), meaning it carries a premium compared to neighbours, even though its living area is on the smaller side for the area. The year built is also a strong point—one of the newest on the street and in the top 3% of the neighbourhood—which suggests newer construction relative to surrounding homes. The land is slightly below average for the street and neighbourhood, but not dramatically so.
The appeal here is less about space and more about value retention and relative modernity. Buyers who want a home that feels newer than many nearby options, and who are willing to trade square footage for a strong assessed value position, will find this property interesting. It would suit someone looking for a well-positioned entry-level home in an established neighbourhood, or an investor who prioritizes resale positioning and lot efficiency over raw size. It may not suit buyers who need generous living areas or a large yard—those are the trade-offs.
Frequently Asked Questions
1. How does the living area compare to other homes nearby?
It’s below average on its street (13th out of 16) and sits under the neighbourhood average of 1,029 square feet. If you’re comparing within Westdale, this is a compact home—functional but not spacious by local standards.
2. Why is the assessed value so high relative to the size?
That’s the key feature here. It’s ranked first on the street for assessed value, which suggests the home may have quality finishes, recent updates, or a desirable layout that appraisers are factoring in. Location on the street and overall condition likely play a role too. It’s not typical for a smaller home to rank that high.
3. Is the lot size a concern?
Not necessarily, but it’s worth noting the lot is slightly under the street average (4,178 vs. 4,573 sqft) and noticeably smaller than the citywide average. For most buyers in Westdale, this lot size is probably adequate—especially if you’re not looking for extensive outdoor space. It’s average for the area, not unusually small.
4. How does this property rank city-wide?
It lands in the lower third for living area and lot size city-wide, but around the middle for assessed value and age. In other words, it’s a modest-sized home that holds its value relatively well compared to similar properties across Winnipeg.
5. Who typically buys in Westdale, and does this property fit the profile?
Westdale is a family-oriented neighbourhood with a mix of older and newer homes, mostly single-family. This property fits someone who wants to be in that area but at a lower price point than larger homes. It would also work for downsizers who want a newer build without moving to a different part of the city.