19 Pegasus Street Property Summary

Key Characteristics & Buyer Profile

This 1,695 sqft home, built in 2023, sits on a 3,673 sqft lot in the West Kildonan Industrial area of Winnipeg. It ranks among the newest homes on its street (top 7%) and city-wide (top 1%). The assessed value of $480,000 lands near the middle of the street but above both the neighbourhood and city averages.

The appeal here lies in its newness. With a 2023 build year, the buyer avoids the maintenance headaches and renovation costs common with Winnipeg’s older housing stock—the city-wide average build year is 1966. The living space is slightly above the neighbourhood average of 1,591 sqft and well above the city average of 1,342 sqft, offering a comfortable amount of room without being oversized. The lot size is generous for the immediate street but small compared to city-wide norms, which reflects the trend of newer subdivisions that prioritise efficient land use.

This property suits buyers who value a modern, move-in-ready home with predictable upkeep. It would appeal to professionals or families who want to skip the fixer-upper route and prefer a home where systems, finishes, and layout are current. The relatively compact lot may also attract buyers who want less outdoor maintenance without giving up a private yard. It’s less suited to someone seeking a large property, older character, or significant upside through renovations.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
The living area of 1,695 sqft is slightly below the street average (1,768 sqft) but above both the neighbourhood average (1,591 sqft) and the city-wide average (1,342 sqft). So you get more interior space than most in the area, though it’s not the largest on the block.

2. Is the assessed value of $480,000 a fair price?
On this street, values range and this one sits near the middle (6th out of 15). It’s above the neighbourhood average ($443,000) and the city average ($390,000), which makes sense given the newer construction. The assessment reflects what the city estimates it’s worth for tax purposes, not necessarily the market price—but it’s a useful benchmark.

3. Why is the lot size considered small for Winnipeg?
The lot is 3,673 sqft, which is average for the street and close to the neighbourhood average (3,839 sqft). But city-wide, the average lot is 6,570 sqft, so this is a smaller parcel by Winnipeg’s overall standards. This is typical of newer developments where lots are more compact.

4. How does the build year affect things like insurance or maintenance?
A 2023 build means modern building codes, insulation standards, and electrical systems. This can lower insurance premiums compared to older homes and reduces the likelihood of major repairs for the next decade or more. The flip side is that the home hasn’t had time to settle or reveal any construction quirks, so a good home inspection is still worthwhile.

5. What type of neighbourhood is West Kildonan Industrial?
Despite the name, it’s a residential area. The “Industrial” part reflects historical zoning, but the surrounding properties are primarily single-family homes. It offers a mix of older and newer housing, with access to services and transit. It’s not a walkable downtown neighbourhood, but it’s stable and family-oriented.