5 Peppertree Place

5 Peppertree Place – Property Summary

Key Characteristics & Buyer Profile

This home sits on a street where it ranks as the largest, and among the oldest, properties. With 1,386 sq ft of living area, it surpasses the street average by nearly 400 sq ft and places in the top 6% of homes on Peppertree Place. Within the Westdale neighbourhood, it ranks in the top 4% for size and top 3% for year built (1975). The assessed value of $283,000 is above the street average ($267.1k) but below the neighbourhood and city averages, reflecting a property that offers more space and an established construction date without a premium price tag relative to the broader area. The land area (4,393 sq ft) is slightly below the street average and roughly on par with the neighbourhood, meaning the extra interior space doesn’t come with a correspondingly large yard.

The appeal here is subtle. It’s not a flashy or oversized home by city standards, but within its immediate context—its street and the Westdale area—it stands out. This is a property that likely feels spacious inside without being costly to maintain or heat compared to newer, larger homes. It would suit buyers who want a well-proportioned floor plan in a mature neighbourhood, who value being on a quiet street with consistent character, and who aren’t looking for a renovation project but also don’t need the latest finishes. First-time buyers with some budget flexibility, or downsizers who still want room to spread out, may find it a pragmatic fit. The relatively lower assessed value relative to the neighbourhood and city suggests potential for steady appreciation if the area continues to perform well, without the risk of being overpriced for its lot size.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
It’s above the street average but below the Westdale neighbourhood average. This means you’re paying less than many neighbours for a home that is larger than most on the block, but the lot is slightly smaller than typical for the area.

2. Is the property considered large or small overall?
On its street and in Westdale, it’s notably large—top 6% on the street and top 4% in the neighbourhood. Citywide, it’s around average: 1,386 sq ft is close to the Winnipeg median of 1,342 sq ft for comparable homes.

3. How old is the house, and is that a concern?
Built in 1975, it’s older than many homes in the neighbourhood and city, but it’s the newest home on its street. Homes from this era often have solid framing and straightforward layouts, but buyers should expect systems (roof, furnace, windows) to be original or nearing replacement age unless upgraded.

4. Does the lot size feel cramped or generous?
The land area is average for the street and slightly below average for Westdale. It’s not a postage stamp—4,393 sq ft is workable for a garden or small yard—but it’s not a sprawling lot. If a large outdoor space is a priority, this may feel tight.

5. Who is this house best suited for, and who might want to pass?
Best for someone who wants a spacious interior in a well-established area without paying a premium for a yard they won’t use. Less suitable for buyers who need a large lot, want a recently built home, or are hoping for an undervalued fixer-upper—the price already reflects the existing condition.