Property Summary: 395 Bill Briercliffe Drive, Peguis, Winnipeg

Section 1: Key Characteristics & Appeal

This property presents a distinct profile defined by its very low municipal assessed value of $120k, which is significantly below averages for its street, neighborhood, and the wider city. The lot size is a manageable 4,014 sq ft, which is modest for the area but still offers decent outdoor space. The home is located in the newer community of Peguis, where the average home is notably newer than the Winnipeg city-wide average.

Its primary appeal lies in its potential as an entry point into a modern, developing neighborhood at a low assessed value. This could suit a specific type of buyer: investors or handy owner-occupiers looking for a base in a newer area where the primary investment is in the land and structure, with room to add value through updates or expansions. It may also appeal to those seeking minimal property tax obligations based on the current assessment. A less obvious perspective is that its low assessment amidst higher-valued neighbors could indicate either a significant opportunity for value increase or that the property requires substantial modernization, making thorough due diligence essential.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the neighbors?
A dramatically lower assessed value typically reflects a smaller living area, older interior condition, or a lack of recent renovations compared to nearby homes. It's a key indicator to investigate the property's actual state and potential update costs.

2. Is the lot size a limitation?
At 4,014 sq ft, the lot is below the city-wide average but fairly typical for newer subdivisions. It provides adequate private outdoor space for a patio, garden, or play area without the maintenance burden of a very large yard.

3. What does the "Top 99%" ranking for value mean?
This percentile ranking means the assessed value is higher than only 1% of comparable properties city-wide, placing it at the very low end of the spectrum. This isn't a quality ranking, but a clear indicator of its relative market position based on official assessment.

4. How can I find out the actual sale history and price?
As noted on the detail page, sold price data here is from public records, not the MLS. For verified transaction history and exact figures, you must request a manual lookup via the provided email option on the original listing page.

5. The home appears older than the neighborhood average. What should I consider?
While Peguis has an average build year of 2017, this home's unspecified year is likely older. Focus on the condition of major systems (roof, HVAC, plumbing) and interior finishes. Its appeal may be in the chance to customize an older home within a newer community framework.