Property Summary: 584 Transcona Boulevard, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,309 sqft home, built in 2017, presents a modern, low-maintenance living option in Winnipeg's Peguis neighborhood. Its core appeal lies in its relative newness and efficient size, offering a contemporary layout without the premium often attached to brand-new construction. The data reveals a nuanced position: while the home's living area is among the largest on its specific street, its lot size is notably smaller than typical for both the neighborhood and the wider city. This suggests a property focused on interior living space rather than extensive outdoor grounds.

The assessed value of $375k sits comfortably around the citywide average for comparable homes, indicating a fair market positioning. It would particularly suit first-time buyers or downsizers seeking a modern, move-in-ready home without a sprawling yard to maintain. The appeal is practical—it’s a newer home in a settled area, likely with updated systems and finishes, representing a balanced choice for those prioritizing a modern interior over a large lot.

Section 2: Frequently Asked Questions

1. Is the smaller lot size a significant drawback?
It depends on your lifestyle. The lot is substantially smaller than the neighborhood average, which means minimal yard maintenance but also limited private outdoor space. It's ideal for those who prefer low upkeep, but less suitable for gardeners or those wanting room for extensive play structures or entertaining.

2. How does the value compare to nearby homes?
The home's assessed value is below the Peguis neighborhood average, largely because many area homes sit on much larger lots. On its own street and compared city-wide, its value is around average, suggesting you are paying appropriately for a newer, well-sized home, but not for extra land.

3. What does the "Elite" ranking for year built mean?
Built in 2017, the home is newer than 95% of comparable homes across Winnipeg and is one of the newest on its street. This typically translates to newer building materials, modern energy efficiency, and less immediate need for major repairs or updates compared to an older home.

4. The home sold in 2021. What can that price tell me?
The previous sale price (shown in a range) provides a historical benchmark, but market conditions have changed since. It’s most useful for understanding the property’s price trajectory rather than determining its current value, which is better reflected in the current assessment and comparable recent sales.

5. Are there other similar homes in the area?
Yes. The listing shows several nearby homes on Transcona Boulevard and Larry Vickar Drive, many also built around 2017 with similar living areas. This provides a clear cluster of comparables, making it easier to evaluate this home's specific value and features against its direct peers.