Property Overview: 121 William Tweed Terrace, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a modern, low-maintenance property built in 2023, offering the appeal of a nearly new build with contemporary finishes and systems. Its key characteristic is a strong value proposition when viewed from a city-wide perspective. While its 1,633 sqft living area and $483k assessed value are below the averages for its specific street in Peguis, they rank well above the averages for the entire city of Winnipeg. This suggests you are acquiring a newer, larger home relative to much of the broader market.

The appeal lies in this balance. It suits buyers seeking a turn-key home without the concerns of aging infrastructure, who value modern efficiency and design. It would particularly fit first-time buyers or downsizers looking for a manageable space without sacrificing modern comforts. A thoughtful perspective is that the smaller lot (3,781 sqft) translates to less yard maintenance—a potential benefit for those with busy lifestyles—while still providing private outdoor space. The data indicates it's a solid, above-average home for Winnipeg, situated on a street where it is one of the more modest properties, which may appeal to those preferring a quieter, established new neighbourhood setting.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to others in Winnipeg?
City-wide, this home ranks in the top 23% for assessed value and the top 24% for living area, meaning it is considered above average compared to most homes across Winnipeg.

2. Is the lot size a disadvantage?
It depends on your priorities. The lot is smaller than many in the city and on its own street, which means less yard work and lower landscaping costs. For those who value low maintenance or prefer to spend leisure time elsewhere, this can be a practical benefit.

3. What does the "Sold Price" data indicate?
Records show it sold between $450k-$500k in February 2023. City-wide, that past sale price ranks in the top 17%, historically indicating a strong market position.

4. The home is newer, but are there any known issues with homes from this builder or period in Peguis?
The provided data does not include construction details or builder history. For a home from 2023, a thorough inspection is still recommended to identify any potential early-stage settling issues or construction nuances specific to the property.

5. Why is the assessed value lower than some neighbours on the same street?
The assessed value is influenced by multiple factors, including living area, lot size, and the home’s specific features. This home has less living area and a smaller lot than the street average, which is reflected in its valuation. This can represent an opportunity to own on a desirable street at a relatively accessible price point.