| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Year Built 2021 （5 years ago） | Top 1%1/121 Avg2020 Top 3%12/395 Avg2019 Top 3%860/26841 Avg1990 117-50 Philip Lee Drive: For Year Built. On Philip Lee Drive, Elite — Top 1%, rank 1 of 121, and comparable homes in that group average about 2020. in Peguis, Elite — Top 3%, rank 12 of 395, and comparable homes in that group average about 2019. citywide, Elite — Top 3%, rank 860 of 26841, and comparable homes in that group average about 1990. | ||
Living Area 922 sqft | Top 26%32/121 Avg878 sqft Top 42%166/395 Avg955 sqft Top 58%15502/26841 Avg1,042 sqft 117-50 Philip Lee Drive: For Living Area. On Philip Lee Drive, above average — Top 26%, rank 32 of 121, and comparable homes in that group average about 878 sqft. in Peguis, around average — Top 42%, rank 166 of 395, and comparable homes in that group average about 955 sqft. citywide, around average — Top 58%, rank 15502 of 26841, and comparable homes in that group average about 1,042 sqft. | ||
Assessed Value 27.20k | Top 35%42/121 Avg25.50k Top 44%173/395 Avg26.20k Top 36%9748/26841 Avg25.60k 117-50 Philip Lee Drive: For Assessed Value. On Philip Lee Drive, around average — Top 35%, rank 42 of 121, and comparable homes in that group average about 25.50k. in Peguis, around average — Top 44%, rank 173 of 395, and comparable homes in that group average about 26.20k. citywide, around average — Top 36%, rank 9748 of 26841, and comparable homes in that group average about 25.60k. | ||
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: colored length ≈ share of peers you outperform; vertical line ≈ median benchmark; white tick = your position. Badge tint: gold / blue / gray / dark gray for top ~1–5% / 5–30% / 30–70% / beyond.
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| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sale price 28.40k | Top 21%26/121 Avg Above average same street Top 21% | Top 38%149/395 Avg Around average neighbourhood Top 38% | Top 34%9021/26841 Avg Around average Winnipeg Top 34% |
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sale price 24.50k | Top 65%79/121 Avg Around average same street Top 65% | Top 54%214/395 Avg Around average neighbourhood Top 54% | Top 44%11819/26841 Avg Around average Winnipeg Top 44% |
Property Overview & Key Characteristics
This 922 sqft property at 117-50 Philip Lee Drive is a modern, low-maintenance home built in 2021. Its primary appeal lies in its new construction, offering contemporary systems and minimal immediate upkeep. The home sits on a street ranked in the top 1% of its area, indicating a desirable location within the Peguis neighbourhood.
The data suggests it would suit first-time buyers or investors seeking a modern, entry-level property. Its efficient size and recent build date mean lower initial repair costs and newer appliances. A thoughtful perspective is its strong performance in "street rank" metrics compared to its more average city-wide rankings for size and value; this indicates the immediate block is highly regarded, which can be a stabilizing factor for value. However, buyers should note it lacks a basement, garage, and pool, prioritizing interior modernity over auxiliary spaces.
Frequently Asked Questions
1. What does the "street rank" actually mean?
The rankings compare this property to others on the same street, in the neighbourhood, and across Winnipeg. For land area, it's in the top 1% on its street, meaning the lot size is very competitive locally, even if the living space is more average city-wide.
2. The assessed value is $27,200, but it sold for $28,400 in 2025. Why the difference?
Municipal assessed value for tax purposes often lags behind the current market. The recent sale price above assessment suggests the market currently values the property slightly higher than the city's appraisal.
3. Is the lack of a basement or garage a significant drawback?
This depends on your needs. It simplifies maintenance and reduces build costs, keeping the price accessible. However, it limits storage and potential for a traditional workshop or utility space. The newer build may offer more efficient use of the existing square footage as a trade-off.
4. How does this home compare to others in Peguis?
The provided comparisons show similar newer homes in Peguis are often larger (1,160-1,375 sqft) and have higher assessed values ($33,900-$42,300). This home appears to be a more compact, potentially more affordable option within the same new community.
5. The home sold for $24,500 in 2023 and $28,400 in 2025. Does this indicate strong appreciation?
While the price increase is notable, it's important to consider the starting point was a very recent purchase, possibly near completion. It indicates solid market demand for newer homes in this area, but long-term trends should be viewed over a broader period.
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