Property Overview

This is a 1,824-square-foot home built in 2016 on a roughly 4,400-square-foot lot. The living space is above average for its street, neighbourhood, and the city overall—sitting in the top 16% citywide. The assessed value of $523,000 also places it in the top 16% across Winnipeg, though it's slightly below the average on its own street. The land area is fairly typical for the area, ranking in the middle tier locally but on the smaller side compared to the broader city.

The appeal lies in a few things that don't always line up in one property: it's relatively new (top 6% citywide for year built), offers more interior space than most homes nearby, and holds its value well. That combination tends to attract buyers who want something move-in ready without the compromises that often come with newer builds—like a tiny lot or cramped rooms. It's not a showpiece property, but it's solidly above average where it counts.

This would suit buyers who prioritize efficient use of space over a large yard, and who want a home that's already been updated to modern standards. It's less suited for someone looking for a fixer-upper, a sprawling lot, or a bargain in a lower-value area.

Frequently Asked Questions

1. How does this property compare to others on the same street?
It's the 22nd largest out of 52 homes on Margaret Swann Drive, putting it just above the middle for living area. Its assessed value ranks 33rd, so it's slightly below the street average of $527,600. The year built is typical for the street—most homes here were built around the same period.

2. Is the land size a concern?
The lot is 4,395 square feet, which is average for the Peguis area but in the bottom third citywide. For a 2016 build, this is fairly standard—newer subdivisions tend to have smaller lots. If you want a large yard for gardening or expansion, this likely isn't it. But if you want manageable outdoor space without much upkeep, it's fine.

3. Why is the assessed value higher than the street average but ranked lower?
The street average is $527,600, and this property is assessed at $523,000—slightly below that number. The ranking (bottom 37%) looks worse than it feels because the values on this street are clustered tightly. A difference of a few thousand dollars can shift the rank significantly. Citywide, it still performs well.

4. How energy-efficient or updated is a 2016 home?
A 2016 build should have modern insulation, windows, and HVAC systems compared to much older stock. It won't have the latest 2020s energy code upgrades, but it's well ahead of homes from the 1990s or earlier. No need for major retrofits, but check whether appliances or mechanicals are original to the build.

5. What's the neighbourhood like for resale value?
Peguis ranks in the top 21% citywide for living area and top 30% for assessed value, which suggests stable or slightly appreciating values. The home itself is in the top 16% citywide for assessment, so it's positioned well. That said, the smaller lot and newer construction mean its value is more tied to the house itself than the land—something to keep in mind if the area changes over time.