Key Characteristics & Appeal

This is a 2023-built, single-family home at 11 Pegasus Street in Winnipeg’s West Kildonan Industrial area. With 1,587 square feet of living space, it sits slightly below the average size for its own street but above the citywide average—a solid middle-ground offering. The lot is just under 3,700 square feet, which is generous for the street but below the typical Winnipeg lot size, reflecting newer development patterns where yards are more compact. Its assessed value (for tax purposes) of $487,000 lands near the middle of the street and above both neighborhood and city averages, suggesting the property is priced in line with its modern build rather than oversized land.

The home’s main draw is its age: it’s among the newest properties in the city, ranking in the top 1% citywide for construction year. This matters for buyers who want lower maintenance, better energy performance, and contemporary finishes without having to renovate. The trade-off is a smaller lot and a slightly more uniform street appearance, which may not appeal to those seeking character or space for gardening, sheds, or expansion.

This property would suit buyers who prioritize a move-in-ready, low-upkeep home in a developing area. It’s a good fit for first-time homeowners who want something recent and reliable, or for someone downsizing from a larger older home who doesn’t want to deal with repairs. It’s less suited for buyers seeking a large yard, a older established neighborhood with mature trees, or significant square footage for a growing family.

Five Possible FAQs

1. How do the property taxes compare to similar homes nearby?

The assessed value of $487,000 is close to the street average of $496,000 and above the neighborhood average of $443,000. This means taxes will be slightly higher than many nearby homes, but not out of step with recent builds. The assessment reflects the home’s modern construction, not land size.

2. Is the lot big enough for a garage or a garden?

At 3,673 square feet, the lot is average for the street but smaller than many older Winnipeg properties. It can likely accommodate a single-car garage or a modest garden, but larger outbuildings or extensive landscaping would be tight. Check local zoning and setback rules before planning additions.

3. Why is the living space below the street average but above the city average?

The street has a mix of older and newer homes, some of which are larger or have had additions. The city average pulls in many smaller, older homes across Winnipeg. This home sits in a modern middle zone—decent space by city standards, but not oversized for its immediate street.

4. Is West Kildonan Industrial a quiet residential area despite the name?

Yes. Despite “Industrial” in the official neighborhood name, the area is primarily residential with some light commercial and industrial uses nearby. It’s not a heavy industrial zone. Buyers should drive through at different times to get a feel for noise and traffic, especially near major routes.

5. How does a 2023 build compare to older homes in terms of insurance or efficiency?

Newer homes often qualify for lower insurance premiums due to updated electrical, plumbing, and roofing. They also tend to have better insulation and windows, which can lower utility bills. However, settlement cracks or minor warranty issues can appear in the first few years, so a home inspection is still recommended.