3 Pegasus Street – Property Summary

Key Characteristics & Buyer Profile

This 2022-built home in West Kildonan Industrial offers 2,078 square feet of living space on a 3,651-square-foot lot. The property ranks well above average for its size, both within the neighbourhood (top 9%) and across Winnipeg (top 9%). Its assessed value of $531,000 also sits comfortably above local and city medians, reflecting the home’s relative quality and newer construction. The lot size, however, is notably compact—it’s the smallest on Pegasus Street and below the citywide average—which may appeal to buyers who prioritize indoor space and low-maintenance outdoor areas over a large yard.

The home’s appeal lies in its strong combination of modern build, generous floor plan, and solid value positioning. Unlike older homes with similar square footage, this property avoids the trade-offs of outdated systems or renovation costs. It would suit buyers who want a newer, turnkey home in a less centrally hyped part of the city, where they can get more interior space for their money than in tighter Winnipeg markets. It may be less ideal for those seeking a large lot, a quiet garden, or historically established neighbourhood character.

Frequently Asked Questions

1. How does this property’s size compare to typical homes nearby?
The home’s 2,078 sqft is roughly 17% larger than the average home on Pegasus Street and about 30% larger than the typical home in West Kildonan Industrial. It outperforms most single-family houses in the neighbourhood on interior space.

2. Why is the assessed value higher than the community average?
The $531,000 assessment reflects a combination of newer construction (2022) and a larger-than-average living area. Homes in the area that are older or smaller generally assess lower, so this property sits in the top 15% for assessed value both locally and citywide.

3. Is a smaller lot a disadvantage?
It depends on your priorities. The 3,651 sqft lot is the smallest on the street and well below Winnipeg’s typical lot size. This makes the home easier to maintain and may reduce yard work, but it limits outdoor expansion, gardens, or play space. Buyers looking for a traditional large yard may find it tight.

4. How does the build quality compare to other new homes in Winnipeg?
The property was built in 2022, placing it among the newest 1% of homes citywide. While specific build quality varies by developer, the home’s age means it meets current building codes, insulation standards, and energy efficiency expectations that are much better than Winnipeg’s pre-1970 housing stock.

5. What kind of buyer would get the most value here?
Someone who values modern, spacious interiors over land area and wants a newer home without needing major updates. First-time buyers upgrading from a condo, downsizers who want fewer stairs and less yard work, or families who prioritize indoor living and entertaining space would find this property a strong fit.