Property Overview

This home at 36 Larry Vickar Drive W in Winnipeg's Peguis neighborhood presents a specific value proposition. Built in 2018, it is a relatively modern home in a community of similar-age properties. The data reveals a home that is compact in both its living space (1,302 sq ft) and lot size (2,952 sq ft) compared to many neighbors, yet it carries an assessed value that is above the Winnipeg average. Its appeal is rooted in being a newer, low-maintenance property in an established modern subdivision, offering a move-in-ready experience without the uncertainties of an older home.

Key Characteristics & Ideal Buyer

The standout feature is the home's age. Built in 2018, it ranks in the top 5% for newness on its street and city-wide, meaning major components like the roof, furnace, and windows are likely in excellent condition. The living space is efficient, below the street and neighborhood averages but close to the city-wide norm, suggesting a practical layout without excess. The lot is smaller than most in the area, which translates to less yard maintenance—a perk for some, a drawback for others.

The appeal lies in this balance of modernity and manageability. It suits first-time buyers or downsizers seeking a newer home with predictable upkeep costs in a quiet, modern neighborhood. It may also attract pragmatic investors looking for a relatively new rental property with lower long-term maintenance risk. A less obvious perspective is its potential as a "value-hold" in Peguis; while its specs are modest for the immediate area, its assessed value of $418k is strong city-wide, positioning it as a modern asset in a broader market context.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
The home’s living area of 1,302 sq ft is below the average for both Larry Vickar Drive W (1,587 sq ft) and the wider Peguis neighborhood (1,607 sq ft). It is, however, very close to the average for all of Winnipeg (1,342 sq ft). This indicates a more compact, efficient layout compared to its immediate neighbors.

2. Is the assessed value reasonable for the size?
The assessed value of $418k is below the street and neighborhood averages (approx. $497k and $488k, respectively) but above the Winnipeg average ($390k). This suggests the valuation accounts for the premium of a newer home (2018) while reflecting its smaller scale relative to nearby properties.

3. What are the implications of the lot size?
At 2,952 sq ft, the lot is smaller than most in Peguis and Winnipeg overall. This typically means less outdoor maintenance and gardening, which can be a benefit. However, it also offers less private outdoor space and potential for expansion compared to larger lots on the same street.

4. How does the year built affect this property?
Built in 2018, the home is newer than 95% of comparable homes on its street and 96% city-wide. This is a significant advantage, implying modern building standards, newer major systems, and minimal immediate need for costly updates or replacements.

5. What was the previous sale history?
Records indicate the property sold between $350,000 and $400,000 in August 2021. The current assessed value of $418k sits above that range, reflecting market changes and the home’s maintained condition as a newer build. For verified, exact sale figures, a manual records lookup can be requested.