Property Overview: 55 Maruca Place, Winnipeg

Key Characteristics & Appeal

This 2018-built home in Peguis offers a modern residence with a practical footprint. Its key appeal lies in being a newer, low-maintenance property within a well-established neighborhood. At 1,195 sqft, the living space is notably compact for its immediate street and area, ranking below local averages, but it aligns closely with the typical size of homes across Winnipeg. This efficient layout suits those seeking easier upkeep without the burden of an older home's potential repairs.

The financial perspective is compelling. With an assessed value of $502k, it sits above the Winnipeg city average, indicating strong perceived value in a broader context. The property sold in 2024 for an estimated $550k-$600k, a price that placed it in the top 14% for the neighborhood and top 9% city-wide, suggesting buyers have paid a premium for its modern condition and location. The lot, at 4,720 sqft, is slightly smaller than others on the street but is typical for the wider area.

This home would best suit first-time buyers or downsizers who prioritize a newer build and neighborhood amenities over expansive square footage. It’s also a sensible option for investors or buyers looking for a modern property that compares favorably to the city's older housing stock, potentially offering more predictable maintenance costs.

Frequently Asked Questions

1. Is the living space too small compared to neighbors?
Yes, the home is smaller than most on its street and in the Peguis area. This is a trade-off for a newer build. Buyers should consider if the modern construction and efficient layout offset the desire for more square footage.

2. Why is the assessed value higher than the city average?
The assessment reflects the home's relatively recent construction year (2018), which is newer than over 95% of Winnipeg homes. This modern build quality, combined with its location in a stable neighborhood, commands a value above the city's median, which is weighed down by a large inventory of older properties.

3. The lot seems smaller than others on the street. Is that a concern?
The lot is below the street average but is around the neighborhood and city norm. It provides standard outdoor space for a newer subdivision home. The smaller yard means less maintenance, which can be a positive for some buyers.

4. The home sold recently. What does that price tell us?
The 2024 sale price in the $550k-$600k range placed it in the top tier of neighborhood sales. This indicates that the market has consistently valued this property—and others like it—highly, likely due to the desirable combination of its newness and location.

5. How does this home fit within the broader Winnipeg market?
City-wide, this property represents a distinctly modern option. While it may feel average or compact in its immediate area, its age and condition are elite compared to the Winnipeg average, where the typical home was built decades earlier. It offers a move-in-ready alternative to renovation projects.