Property Overview: 27 Chelston Gate, Winnipeg

Section 1: Key Characteristics & Appeal

This 2017-built home in Peguis offers a modern foundation in a neighborhood of newer properties. Its key characteristic is a compelling contrast: it's a relatively new home (ranking in the top 5% city-wide for age) with a below-average assessed value for its immediate area and street. At 1,102 sqft, the living space is compact, notably smaller than most direct neighbors, which contributes to its lower assessment but also suggests potentially lower utility costs and less maintenance.

The appeal lies in this value proposition. You are acquiring a near-new build without the premium price tag typically attached to such homes in Winnipeg, as reflected in its city-wide value ranking (top 31%, above the city average). It suits practical, value-conscious buyers—such as first-time homeowners, downsizers, or investors—who prioritize modern construction systems (like newer plumbing, electrical, and insulation) over sheer square footage. The standard-sized lot (4,101 sqft) provides typical outdoor space for the street. A thoughtful perspective is that this property represents an efficient entry point into a modern, well-regarded neighborhood, trading space for quality and year-built advantage.

Section 2: Frequently Asked Questions

1. Why is the assessed value below average for the street and area?
The primary factor is the home's living area, which is the smallest on Chelston Gate and below the average for Peguis. Assessed value heavily considers square footage, so the compact size results in a lower valuation compared to larger neighbors.

2. What are the advantages of a 2017 build?
A home built in 2017 benefits from contemporary building codes, materials, and energy efficiency standards. Major components like the roof, furnace, and appliances are likely still within their expected lifespans, potentially reducing near-term repair and replacement costs.

3. How does the lot size compare?
The lot is average for Chelston Gate and the Peguis area. However, it is below the city-wide average for lot size. This means the yard is typical for the immediate neighborhood but may be smaller than what you'd find in older, established areas of Winnipeg.

4. What does the sold price history indicate?
The home sold between $350,000-$400,000 in September 2020. This historical data, while not current, shows the price point at which it last transacted and can be a reference point for market trends. Exact sold prices require a manual lookup request.

5. Who would this home not suit as well?
Buyers who require ample indoor space or multiple large rooms may find the layout limiting. Similarly, those prioritizing a very large yard or who prefer the character and mature landscapes of older city neighborhoods might want to consider other options.