106-70 Philip Lee Drive

Property Overview

This 2020-built property at 106-70 Philip Lee Drive in Winnipeg's Peguis neighbourhood is a modern, low-maintenance home. Its key appeal lies in its combination of new construction, a highly efficient floor plan, and a standout location within its community. At 729 sqft, it's a compact home suited for individuals, couples, or investors seeking a turnkey property without the upkeep of a yard or exterior maintenance.

The data reveals a compelling contrast: while the living area is modest, its assessed value of $210k ranks in the top 5% of the Peguis neighbourhood and top 14% city-wide. This suggests the value is driven significantly by its prime location within the street and area, rather than sheer size. It would suit a first-time buyer prioritizing a newer build in a well-regarded pocket of the community, a downsizer looking for modern convenience, or an investor attracted by a relatively new asset with strong assessed value metrics. The lack of garage, basement, or pool underscores its streamlined, lock-and-leave potential.

Key Questions for Consideration

1. What does the high assessment value relative to its size indicate?
   The property's value ranks significantly higher than its square footage ranking, pointing to desirable factors like the specific site, building quality, and the premium for a 2020 build in this location. It's wise to understand what specific attributes the assessment is based on.

2. Is this a standalone property or part of a condominium or strata plan?
   The address format ("106-70") and the lack of noted land area or garage suggest this is likely a condo, townhouse, or similar titled property. Confirming the exact ownership structure, monthly fees (if any), and what they cover is essential.

3. How does the value compare to nearby, slightly older but larger homes?
   The "For Reference" listings show nearby properties from 2016-2017 with more square footage but lower assessed values (e.g., 26 Prairie Crocus Dr.). This highlights a trade-off: here, you are paying a premium for newer construction and possibly a more sought-after lot location.

4. What are the annual property taxes?
   With an assessed value of $210k, requesting an estimate of the current annual property tax bill is a crucial step for budgeting, as taxes are not included in the assessment figure.

5. What is the reason for the sale?
   Understanding why the current owner is selling a relatively new property can provide useful context about the building or community.