Property score
74.4
Good
Overall 74.4 · Smaller but newer than most nearby homes
1,332 sqft (bottom 20%) · Built in 2021 (4 yrs newer than avg)
Located in a high-income area with median household income of ~105k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 1 park nearby
Living Area
Below average
17% smaller than neighborhood avg.
Year Built
Above average
4 yrs newer than neighborhood avg.
Mother tongue
English · 58%Punjabi · 12%
Past 10 years Peguis sales snapshot (~80% of all data)
887
505.3k
$321/sqft
2017
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74.4 is composed by the two sections below.
Property Score
Community Score
Peguis
How to read: Share of sales in each ~$50k price band for “peguis” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111253
$105K
Median household income
$113K
Average household income
5%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
18%
Single-person households
38%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
38 Dr. Michael K. Grace Lane — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 386 m).
Peguis · WPS public data · 2026
Annual incidents
15
2026
vs. city avg
-49%
relative to avg
Year-over-year
▼ -91%
vs. prior year
Primary type
Property
67%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 40% | Bottom 5% | Bottom 36% |
Request exact sold prices and history by email
Address · Distance
Address · Tax-Assessed Value
Property Overview: 38 Dr. Michael K. Grace Lane, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a modern, low-maintenance property built in 2021, offering a move-in-ready experience in Winnipeg's Peguis neighborhood. Its key appeal lies in its contemporary construction, which stands out both on its street and city-wide, meaning buyers can expect newer systems, finishes, and building codes. With 1,332 sqft of living space, it offers a practical footprint that is very close to the average for both its immediate street and the wider city.
The property suits first-time buyers or downsizers seeking a modern home without the premium often attached to newer builds in more established areas. It represents a value-conscious entry into a newer home, as its assessed value is notably below the neighborhood average. A thoughtful perspective is that this home offers modern convenience in a more modest package—the lot size is significantly smaller than typical for Peguis and Winnipeg, which translates to less yard upkeep but also less private outdoor space. This trade-off is central to its character: it’s for those prioritizing a new interior over a large garden.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others in the area?
Its assessed value of $337k is below the Peguis neighborhood average ($488.3k) and slightly below the Winnipeg average. This suggests it may offer a more affordable price point within the area, though factors like the smaller lot size contribute to this.
2. What are the implications of the home being built in 2021?
As one of the newest homes on its street and in the city overall, major components like the roof, HVAC, and appliances are likely in early stages of their lifespan, potentially reducing near-term repair costs. It also benefits from contemporary building standards.
3. The lot size is noted as "below average." How significant is this?
The land area is 2,125 sqft, which is considerably smaller than most lots in Peguis and Winnipeg. This means a compact, manageable yard but limited space for expansions like large decks, sheds, or extensive landscaping.
4. What does the sold price history indicate?
The home last sold between $250k-$300k in April 2021. This provides a historical benchmark, but the current assessed value and market conditions will determine its present market price.
5. Who would this property be a good fit for?
It’s well-suited for buyers who value modern, worry-free interiors and are willing to accept a smaller outdoor area for that benefit. It’s less ideal for those seeking a large yard, extensive gardening space, or a home significantly above average in size for the neighborhood.
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