Property Overview: 502 Tyson Trail, Peguis, Winnipeg

Key Characteristics & Buyer Appeal

This home is a study in contrasts, defined by its modern build and its position within its immediate surroundings. Built in 2021, it is a notably newer home compared to the Winnipeg average, offering the appeal of modern construction, minimal initial maintenance, and contemporary building standards. With 1,389 sqft of living space, it provides a practical footprint that is very close to the city-wide average, suitable for a small family, couple, or first-time buyer.

The primary appeal lies in its value proposition. The assessed value of $401k is below average for its specific street and the broader Peguis area, yet it sits close to the average for the entire city. This suggests you are acquiring a newer home at a valuation that is competitive on a city scale, but positioned in a neighbourhood where newer builds may be less common. The lot is compact at 3,309 sqft, which translates to less yard maintenance—a plus for those seeking a low-maintenance lifestyle—but less private outdoor space.

This property would best suit pragmatic buyers who prioritize a modern, move-in-ready home without a premium price tag. It’s ideal for those who value interior space and newness over a large yard or standing out in terms of size and value on their immediate street. It represents a sensible entry into a newer home, offering a balance between modern comforts and financial accessibility.

Frequently Asked Questions

1. Is this a good value compared to other homes on the street?
The data indicates this home has a lower assessed value and smaller living area than most direct neighbours on Tyson Trail. This can represent a value opportunity for a buyer, as you're acquiring a newer home (2021) at a price point below the street average.

2. What does the sold price history tell us?
The home has sold three times since 2021, with each sale price range ranking progressively higher against city-wide averages. This trend suggests increasing market recognition of its value, though the last known sale was in 2022. For exact historical sold prices, a manual lookup via the site is required.

3. How does the age of this home compare broadly?
Its 2021 build date is a standout feature. While around average for its street, it is newer than 75% of homes in Peguis and is in the top 2% newest homes city-wide, making it a distinctly modern property in the broader Winnipeg context.

4. Who might the compact lot size appeal to?
The smaller land area (3,309 sqft) means less time and money spent on landscaping and yard upkeep. This is a practical advantage for busy professionals, retirees looking to downsize exterior maintenance, or anyone who prefers to spend their weekends elsewhere.

5. Why is the city-wide assessment comparison important?
While the home ranks below average in its local area for value and size, it is much closer to the Winnipeg city average. This perspective is crucial for resale consideration, as future buyers from across the city may view its specs and price as aligned with broader market norms.