Property Overview: 50 Prairie Crocus Drive, Winnipeg

Key Characteristics & Appeal

This 1,352 sqft home, built in 2017, presents a modern living option within Winnipeg's Peguis neighborhood. Its primary appeal lies in its contemporary age, ranking within the top 5% of homes city-wide for year built, which suggests newer construction standards, systems, and less immediate need for major updates. The living space and assessed value ($436k) are both around average for its immediate street and the wider city, positioning it as a standard, manageable size without premium pricing for its square footage.

The property’s standout characteristic is its modernity, but this comes with a notable trade-off: the lot size of 3,463 sqft is below average for the street, neighborhood, and city. This indicates a more compact yard, which could be a plus for buyers seeking lower-maintenance outdoor space, but a limitation for those wanting extensive private grounds. It last sold in late 2022 for between $400k-$450k.

This home would suit first-time buyers or downsizers looking for a relatively new, move-in-ready property without the price tag of a larger lot. It’s a practical choice for those who prioritize the condition and age of the home itself over expansive outdoor space. The value proposition is clear: you are paying primarily for a modern structure in a developed area, not for land.

Frequently Asked Questions

1. Is this a good value compared to the neighborhood?
The assessed value is below the Peguis neighborhood average, largely because the home's footprint and lot size are smaller than many area comparables. You're getting a newer home at a value tied more to its specific dimensions than to the neighborhood's typical larger properties.

2. What does the below-average lot size mean in practice?
It typically means a smaller backyard and potentially less distance from neighboring houses. This can mean lower yard maintenance, but also less privacy and limited space for additions like large decks, sheds, or gardens.

3. How does the 2017 build year benefit me?
A home built in 2017 likely has modern building codes, energy-efficient windows and appliances, and newer major components (like the roof, HVAC, and plumbing). This can translate to lower repair costs and utility bills in the near to medium term.

4. The home sold recently in 2022. Should I be concerned?
Not necessarily. A recent sale can indicate a fluid market on the street. It’s worth investigating why the previous owners moved, but common reasons include job relocation, upgrading, or downsizing—factors not specific to the property itself.

5. Where can I get the exact historical sold price?
The provided data shows a sold price range. For the exact figure and full transaction history, you must request a manual lookup from the site via email, as they do not display MLS records directly due to industry rules.