Property Overview: 146 Philip Lee Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 146 Philip Lee Drive presents a compelling blend of modern convenience and solid value. Built in 2016, it is a relatively newer home that requires less immediate concern for major system replacements compared to much of Winnipeg's older housing stock. With 1,398 sqft of living space, it offers comfortable room for a small family or couple, sitting at a practical size that is manageable without being excessive.

The property's appeal is rooted in its strong positional value. The assessed value of $517k places it well above the city-wide average, suggesting a desirable location or property condition. This is complemented by a generous 6,167 sqft lot, which is notably above average for the Peguis area, providing ample outdoor space. The home suits buyers looking for a move-in ready, modern property in a well-regarded neighbourhood, particularly those who prioritize a larger yard and newer construction over maximizing interior square footage. It’s a smart choice for value-conscious buyers who understand that a higher assessment in a good area, combined with a newer build, can translate into long-term stability and lower near-term maintenance costs.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to its neighbours?
The home’s assessed value is slightly below the immediate street average but is higher than the average for both the broader Peguis area and the entire city. This indicates you are getting a property of above-average perceived value for the wider market, while still being competitively priced on its own street.

2. Is the living space smaller than average?
Within the Peguis area, the living area is below the average for comparable homes. However, city-wide, it is very close to the average. This suggests the home offers a fairly standard amount of interior space for Winnipeg, though some homes in the immediate neighbourhood may be larger.

3. What does the sold price data indicate?
Records show it sold between $550k-$600k in late 2023. This sale price ranked in the top 11% city-wide at the time, strongly supporting the premise that this is a property in high demand relative to the overall market.

4. How old is the home, and what does that mean for maintenance?
Built in 2016, the home is about 10 years old. This is significantly newer than the Winnipeg city-wide average home (built in 1966). Buyers can expect modern building standards and should be past the initial "shakedown" period for new construction, but major components like the roof, HVAC, and appliances are likely still in good condition.

5. How can I get the exact historical sold price?
The provided sold price is an estimated range. Due to data licensing rules, exact sale figures are not published online here. You can request the precise sale history by emailing the site directly for a manual lookup, which they provide as a free service.