4 Dr. Michael K. Grace Lane

Property Overview

This two-storey home on Dr. Michael K. Grace Lane is a modern property built in 2020, offering a move-in-ready canvas in Winnipeg's Peguis neighbourhood. Its key appeal lies in its balance of being a newer build with established community roots. The 1,332 sqft living space is practical, and the 3,425 sqft lot size is notably generous, placing it in the top 5% for lot size on its street. This combination suggests room for outdoor living or future expansion. The home has a basement, which is unfinished, presenting a clear opportunity for customization.

It would suit first-time buyers or young families looking for a modern home without the wait of new construction, and who value a larger yard. It’s also a sensible fit for value-conscious buyers who see potential in personalizing an unfinished space over time, rather than paying a premium for completed renovations. A less obvious angle is its appeal to data-minded buyers; the home ranks highly for its lot size and newness compared to much of Winnipeg, indicating these are standout features that may hold long-term value.

Frequently Asked Questions

Is the basement developed?
No, the basement is included but is not renovated. It presents a blank slate for future finishing to suit a buyer's needs.

How does the lot size compare to others?
The land area of 3,425 sqft is a key feature, ranking in the top 5% for size on this street and the top 22% in the broader Peguis neighbourhood.

Is the home relatively new?
Yes, it was built in 2020, making it approximately 6 years old. This ranks it newer than 97% of properties across Winnipeg.

What is the recent sales history?
The property last sold in August 2023 for $370,000. Prior to that, it sold in July 2020 for $26,800, which likely reflects an earlier stage of construction or a lot purchase.

How is the assessed value determined?
The current assessed value is $33,90k. It's important to note that municipal assessments for tax purposes often differ from current market value, which is influenced by recent sales, condition, and demand.