Property Overview: 339 Peguis Street, Winnipeg

Key Characteristics & Buyer Appeal

This 2021-built home at 339 Peguis Street offers a modern, low-maintenance living experience in a well-established Winnipeg neighborhood. With 1,327 sqft of living space, its size is notably above average for its specific street and aligns closely with the citywide average, making it a comfortable size for small families, couples, or professionals. A key appeal is its contemporary construction; built just five years ago, it ranks in the top 2% city-wide for age, suggesting modern building standards, energy efficiency, and minimal immediate repair needs.

The property’s value proposition is nuanced. Its assessed value of $339k is around the average for its immediate street but is significantly below the broader neighborhood average, indicating you get a newer home for a lower price point than many older, larger lots in the area. The trade-off is a compact, urban-sized lot of 2,309 sqft, which is common for newer infill developments. This suits buyers seeking a modern interior and a manageable yard, but not those prioritizing expansive outdoor space.

This home would ideally suit first-time buyers or downsizers looking for a turn-key, newer build without a premium price tag. It also appeals to the practical investor or owner-occupant who values modern systems and finishes over lot size, and who appreciates being on a street where the home’s age and condition are actually above the local norm.

Frequently Asked Questions

1. Is this a good value compared to other homes in the area?
The data suggests a compelling value based on age and condition. You are purchasing a home newer than approximately 98% of Winnipeg, at an assessed value well below the neighborhood average. You’re effectively trading lot square footage for a modern, likely more efficient building.

2. What does the lot size mean for me practically?
At just under a quarter of the neighborhood average, the lot is compact. This means lower maintenance, less time spent on yard work, and potentially lower water bills. However, it also means limited space for large gardens, extensive outdoor entertaining, or future expansions like a large deck or garage.

3. The home sold in 2021. What can the sale price tell me?
The sold price range (CA$250k-300k) from 2021 shows a significant increase to the current $339k assessment. This indicates strong appreciation, likely driven by its new construction at the time and broader market trends. Requesting the exact sale price can provide a precise baseline for growth.

4. How does this home fit on its street?
It fits in very well in terms of age and size—it’s newer and slightly larger than the street average. This can be an advantage, as it avoids being the oldest or smallest house on the block, which can positively impact long-term value and curb appeal.

5. Are the property taxes likely to be high?
Taxes are based on the assessed value. Since this home’s assessment is below both the neighborhood and city averages for comparable homes, the property tax bill should be relatively manageable compared to older, larger-lot homes in the wider Peguis area, though mill rates apply.