Property Overview: 578 Transcona Boulevard, Winnipeg

Section 1: Key Characteristics & Appeal

This home, built in 2017, presents a compelling case for buyers seeking a modern, low-maintenance property in a well-established Winnipeg neighbourhood. Its primary appeal lies in its strong standing within its immediate locale. On its own street, the home is elite, ranking in the top 4% for size and top 2% for assessed value. This suggests it is one of the more desirable and substantial properties on the block, offering a sense of relative value and pride of place.

The 1,309 sqft living space is efficiently designed, being above average for the street but more modest compared to the broader Peguis area, which features larger, older lots. This creates a specific dynamic: you own a newer, turn-key home that stands out on its street, while the neighbourhood overall offers more spacious, traditional properties. The lot size is compact, which translates to less yard upkeep—a significant perk for busy professionals, first-time homeowners, or downsizers. The assessed value of $420k positions it as a premium option on its street but a more accessible entry point into the Peguis area, which has a higher average value.

This property would ideally suit practical buyers who prioritize a modern build (avoiding major Reno costs), value a strong position within a micro-community, and prefer a manageable outdoor space. It’s less suited for those seeking a large yard or the absolute largest square footage in the wider neighbourhood.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to recent sales?
It last sold between $400k-$450k in August 2022. Its current $420k assessment is elite for its street, suggesting its value has held strong relative to its direct neighbours.

2. Is the lot size a concern?
The lot is smaller than the Winnipeg and Peguis averages, but is actually above average for Transcona Boulevard itself. This means lower maintenance, but less private outdoor space. Your immediate neighbours will have similarly sized yards.

3. What does the "Below Average" ranking for the neighbourhood mean?
For metrics like living area and lot size, this simply means the newer homes on Transcona Boulevard are different from the older, often larger properties that make up the Peguis area average. It reflects the character of the specific sub-division, not a deficiency.

4. How does the year built affect this home?
Built in 2017, it is a modern home, ranking in the top 5% city-wide for age. This typically means newer major systems (roof, HVAC, windows) and modern building codes, reducing the risk of near-term major expenses.

5. Who are the typical neighbours?
The provided comparable listings are almost exclusively other homes built around 2017 with similar layouts, indicating this section of Transcona Boulevard is likely a cohesive, newer infill development within the older neighbourhood.