Property Overview: 560 Transcona Boulevard, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,309 sqft home, built in 2017, presents a compelling mix of modern convenience and relative value. Its primary appeal lies in its strong standing within its immediate locale. On its own street, the property is elite, ranking in the top 4% for both living area and assessed value compared to its neighbors. It’s a newer, well-sized home on a street of similar properties.

The perspective shifts when looking at the wider Peguis neighborhood, where the home sits below the area average for lot size and assessed value. This isn’t necessarily a drawback; it suggests the home offers a more accessible entry point into a neighborhood where many properties are on larger lots or have higher valuations. City-wide, it’s a solidly average home for Winnipeg in terms of size and value, but its 2017 build date makes it notably newer than most city homes.

This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home without a premium price tag. It’s ideal for someone who values being in a consistent, newer-built streetscape over having a large yard. The data suggests it’s a efficient, turn-key option in a developed area, appealing to practical buyers focused on the condition and interior space of the home itself rather than expansive outdoor property.

Section 2: Frequently Asked Questions

1. How does the lot size impact this property?
At just over 3,000 sqft, the lot is smaller than many in Winnipeg and the broader Peguis area. This means lower exterior maintenance but limited space for extensive gardening, play structures, or future expansions like a large deck or addition.

2. The assessed value is $413K, but it sold between $400K-$450K. What does this mean?
The sale price falling within this range, close to the assessment, indicates a stable, market-supported valuation. It wasn’t subject to a bidding war far above asking, nor did it sell at a significant discount, suggesting a fair and transparent transaction.

3. The home is "below average" for the neighborhood in some metrics. Is that a concern?
Not inherently. This largely reflects the makeup of Peguis, which includes many homes on larger, possibly rural-style lots. This property represents a more suburban, compact-lot segment of the community, often associated with newer builds and a different lifestyle.

4. What is the immediate street like?
The data indicates high consistency. Nearly all compared homes on Transcona Boulevard were built around 2017 with similar living areas and values. This creates a uniform, contemporary streetscape with likely similar levels of upkeep and little risk of an outlier property affecting values.

5. Are there any insights from the recent sale?
Selling in late 2024, the property changed hands in a balanced market. Its price performance was strong on its street (top 20%) but more moderate in the wider area, reinforcing the idea that its prime appeal is hyper-local, based on its specific street and modern build among direct peers.