72.6
Good
Property score
72.6
Good
Overall 72.6
Smaller than most nearby homes
1,205 sqft (bottom 5%)
Built in 2018 (1 yr newer than avg)
Located in a high-income area
with median household income of ~89k
Transit 88.0
1-min walk to transit with 3 nearby routes
Within 500m: 3 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
25% smaller than neighborhood avg.
Year Built
Near average
1 yrs newer than neighborhood avg.
Mother tongue
English · 51%Punjabi · 12%
Past 10 years Peguis sales snapshot (~80% of all data)
887
505.3k
$321/sqft
2017
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72.6 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: #46111251
$89K
Median household income
$95K
Average household income
9%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
23%
Single-person households
31%
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
43 Philip Lee Drive — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 210 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 38% | Bottom 49% | Top 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 43 Philip Lee Drive, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of modern convenience and value-focused positioning. Built in 2018, it is a notably newer property compared to the Winnipeg city-wide average, offering the appeal of contemporary construction, systems, and likely lower immediate maintenance. With 1,205 sqft of living space, it provides efficient, manageable square footage that is typical for the city but sits below the average for its immediate street and Peguis area, suggesting a more compact and efficient layout.
Its primary appeal lies in its assessed value of $399k, which is strategically positioned. While it is below average for its own street and neighbourhood, it aligns closely with the city-wide average. This creates an opportunity for buyers seeking a newer home in a well-established area without the premium price tag often commanded by the largest homes on the block. The lot size of 3,694 sqft is modest, particularly on its street, which translates to less yard maintenance—a plus for those seeking a lock-and-leave lifestyle or preferring to spend less time on upkeep.
This property would ideally suit first-time buyers or downsizers who prioritize a modern, move-in-ready home in a mature neighbourhood. It’s also a practical choice for value-conscious buyers who want the benefits of a newer build but are comfortable with a more efficient floor plan and a smaller yard relative to their immediate neighbours.
Frequently Asked Questions
1. How does the value of this home compare to others in the area?
The home’s assessed value is below the average for both Philip Lee Drive and the broader Peguis area. However, it is very close to the average assessed value for the entire City of Winnipeg. This indicates you are purchasing a newer home at a value-oriented price point within a desirable neighbourhood.
2. The living space is noted as below area averages. Does that mean the home is small?
At 1,205 sqft, the home is not small by general standards and is near the city-wide average. It is, however, more compact than many of its immediate neighbours. This often translates to efficient use of space, lower utility costs, and a home that is easier to maintain.
3. The home sold recently in 2024. What does the sold price indicate?
The sold price range (CA$400k-450k) placed it in the top 27% city-wide for value at the time, suggesting strong market interest. The final price likely reflected the premium for a nearly new build, balancing its smaller lot and living area relative to the neighbourhood.
4. What are the implications of having a smaller lot?
The 3,694 sqft lot is significantly smaller than most on the street. The benefit is minimal yard maintenance. The consideration is less private outdoor space and potentially less room for expansions like decks or additions, which is important for future planning.
5. As a newer home, what should I investigate regarding its history?
Since it’s only 8 years old, major structural issues are unlikely. Focus should be on the quality of finishes and any builder warranties that may still be transferable. It’s also wise to check if the home was built during a period of high construction demand, which can sometimes impact build quality. Reviewing the permit history for any additions or major alterations is still recommended.
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