Property Overview & Key Characteristics

This home at 299 Peguis Street in Winnipeg is a study in contrasts, defined by its modern build within an established neighborhood. Its primary appeal lies in being a nearly new construction (built in 2022), which ranks it in the top 1% of homes city-wide for age. This translates to likely lower maintenance costs, modern building standards, and contemporary finishes. The living space of 1,327 sq ft is efficient and well-proportioned for its street, offering a comfortable footprint without excess.

However, the property presents a clear trade-off. The lot size is notably compact, especially compared to the broader Peguis community and Winnipeg averages, placing it in the bottom tier. This means minimal yard space but also less exterior upkeep. The tax-assessed value is significantly below the neighborhood average, suggesting it may be a more accessible entry point into the area or reflect the smaller land size.

This property would best suit practical, forward-looking buyers such as first-time homeowners or downsizers who prioritize a modern, low-maintenance interior over expansive outdoor space. It’s also a strategic fit for investors seeking a newer asset with potentially lower immediate repair costs, catering to tenants looking for a turnkey rental.

Frequently Asked Questions

1. What are the main advantages of this home?
The standout advantage is its age. Being built in 2022 means it is one of the newest homes on its street and in the entire city, offering modern infrastructure, energy efficiency, and contemporary layouts that require little immediate updating.

2. What are the potential drawbacks?
The most significant compromise is the land size. The lot is compact, even for its street, and is much smaller than typical lots in the wider Peguis community. This limits private outdoor space and potential for expansion.

3. Why is the tax assessment lower than the neighborhood average?
The assessed value is likely influenced by the home's smaller lot size relative to the community standard. Assessments factor in property characteristics, so while the house itself is new, the land component is modest, bringing the total value below the area's average for larger, older lots.

4. Is this a good option for someone wanting a large yard or garden?
No. The lot size is in the bottom 4% city-wide, indicating very limited private outdoor space. This property is better suited for those who prefer minimal yard maintenance or whose lifestyle doesn't require a large garden.

5. The data shows a past sale between $300,000-$350,000. How can I get the exact price?
As noted in the source data, precise historical sale prices are not publicly displayed due to industry regulations. You can request the exact sale history by registering on the site and using the provided email request function, which triggers a manual, non-automated response from the data provider.