Property Overview: 40 Dr. Michael K. Grace Lane, Winnipeg

Key Characteristics & Appeal

This home is a modern, low-maintenance property built in 2021, offering a move-in-ready experience in Winnipeg's Peguis neighbourhood. Its primary appeal lies in its contemporary construction, which places it among the newest homes both on its street and city-wide. With 1,332 sqft of living space, it provides a comfortable footprint that is very typical for similar homes in Winnipeg.

The assessed value of $337k presents a notable value proposition within its immediate area of Peguis, where comparable homes are assessed significantly higher on average. This creates a potential opportunity for buyers seeking a newer home at a below-average price point for the specific community. However, the lot size is compact, which is a common trade-off for newer builds and translates to less exterior upkeep.

This property would best suit first-time buyers, downsizers, or investors looking for a modern home without major renovation concerns. It’s ideal for those who prioritize interior condition and newer systems over a large yard. The data suggests it offers a way to own a recently built home in a mature neighbourhood, potentially at a more accessible entry point than its neighbours.

Frequently Asked Questions

1. How does the value compare to nearby homes?
The home’s assessed value is below the average for the Peguis area, where comparable homes average about $488k. On its own street and city-wide, however, its value is much closer to the respective averages.

2. Is the lot size a concern?
The lot is 2,125 sqft, which is compact. This is typical for newer infill properties and means less yard maintenance, but it also offers less private outdoor space than many older homes in the city.

3. What does the sale history indicate?
Public records show it last sold in March 2021. To obtain the exact sale price and full transaction history, a manual lookup from the listing provider is required, as precise MLS data is not displayed on the site.

4. How does the living space compare?
At 1,332 sqft, the living area is very close to the average for similar homes on its street and across Winnipeg, indicating it provides a standard amount of space for the market.

5. What is the significance of the "Elite" ranking for year built?
This ranking means the home is among the top 5% newest on its street and top 2% newest city-wide. This is a key advantage, suggesting newer building materials, modern layouts, and likely greater energy efficiency compared to much of the housing stock.