601 Transcona Boulevard

Property Overview & Key Characteristics

This property at 601 Transcona Boulevard in Winnipeg's Peguis neighbourhood presents a unique profile defined by its land and location. Its key appeal lies in owning a sizable 3,280 sqft lot in a well-established area, as the lot size ranks in the top 4% on its street. The home itself appears to be older, given that the "Year Built" field is not listed among newer comparable builds, yet it maintains a solid assessed value that places it above average for the street and city.

The home would suit a practical buyer looking for a land-rich opportunity. This could be ideal for someone with renovation or expansion plans, where the value is in the property's potential rather than a move-in-ready finish. It also suits value-conscious buyers seeking an entry into a neighbourhood with newer, higher-value homes nearby, offering a chance for equity growth through improvements. The detached garage adds functional appeal for hobbyists or those needing extra storage.

Frequently Asked Questions

1. What does the assessed value tell me about this property?
At $38,600, the assessed value is higher than its last sale price in 2021 ($36,700) and sits in the top third of homes on its street. This suggests the property is viewed as a solid asset within its immediate context, potentially holding its value well despite its likely older age.

2. The "Year Built" is not listed. What does that mean?
This typically indicates the home is older, likely built before detailed modern records were consistently digitized. Buyers should be prepared for potential updates but can also see this as part of the character and land-value proposition of the property.

3. How does this property compare to others in Peguis?
The data shows a mix of newer, larger homes nearby with higher assessed values. This property offers a contrast, providing a more affordable point of entry into the same neighbourhood, which may appeal to those prioritizing location and lot size over a newer build.

4. What is the significance of the lot size ranking?
Ranking in the top 4% on its street for lot size is a standout feature. In an area with many newer homes, having one of the larger lots on the block is a tangible asset, offering more outdoor space and potential than many neighbouring properties.

5. Who might the "For Reference" comparable listings be useful for?
These listings, like the newer homes on William Tweed Terrace, help illustrate the neighbourhood's evolving market and higher-end values. For a buyer of 601 Transcona, they highlight the potential upside and the kind of homes your investment would be alongside.