312-50 Philip Lee Drive

Property Overview & Key Characteristics

This 2021-built home at 312-50 Philip Lee Drive is a modern, low-maintenance property in Winnipeg's Peguis neighbourhood. Its primary appeal lies in its new construction, offering contemporary systems and finishes without the immediate need for major updates. With a compact 847 sqft living area, it ranks highly for its newer age within its immediate street and the broader city.

The home suits first-time buyers or investors seeking a turnkey, entry-level property with minimal upkeep. Its very low assessed value suggests a potentially manageable property tax burden, which could be attractive for budget-conscious owners. A less obvious perspective is its potential as a strategic foothold in a neighbourhood where newer builds are still rising; it offers modern living now while the area continues to develop. The data indicates it's notably newer than most homes on its specific street, offering a comparative advantage in that micro-location.

Frequently Asked Questions

1. What does the "Top 1%" street ranking mean?
This indicates the property's year built (2021) is newer than 99% of other homes on Philip Lee Drive, making it one of the most modern buildings on the street.

2. Is this a standalone house or part of a multi-unit building?
The address format ("312-50") and the lack of a noted garage or basement suggest this is likely a condo, townhouse, or similar attached dwelling within a larger complex.

3. How does the low assessed value affect property taxes?
A lower assessed value typically results in lower municipal property taxes, which is a key ongoing cost savings. However, the final tax bill also depends on the municipal tax rate.

4. The living area is smaller than the compared homes. What are the trade-offs?
The 847 sqft size is more compact than many nearby properties, which often translates to lower utility costs and less space to maintain. It prioritizes efficiency and modern build quality over square footage.

5. Why are the rankings for "Year Built" so different between the street and the neighbourhood?
While the home is among the newest on its specific street (Top 1%), it falls within the top 21% for the wider Peguis neighbourhood. This shows Peguis has many other new homes, but this particular street is composed of mostly older properties, making this unit stand out locally.