Key Characteristics & Appeal

This is a 2023-built, roughly 2,080-square-foot home on a 3,673-square-foot lot, located on Pegasus Street in Winnipeg’s West Kildonan Industrial area. What stands out most is the combination of new construction with strong size rankings. The living area places it in the top 13% on its street, top 8% in the neighbourhood, and top 9% city-wide, meaning it’s meaningfully larger than most comparable homes in the region. The assessed value (about $548,000) is also above average locally and city-wide, though not dramatically so given the size and age.

The property’s real edge is its build year. At just one year old, it’s newer than any other home on its street and newer than 99% of homes across the city. That’s rare in an urban market where the median home was built in the mid-1960s. The lot itself is slightly smaller than the city average but typical for the immediate street and neighbourhood.

This home would appeal most to buyers who want a move-in-ready, low-upkeep property with modern finishes and don’t need a large yard. It suits those who care more about interior space, new systems, and insulation than outdoor square footage. First-time buyers with room in their budget, downsizers from older larger homes, or anyone who prioritizes energy efficiency and reduced renovation risk would find this a strong fit. There’s also a practical advantage for buyers who work from home—newer construction tends to have better soundproofing and more consistent climate control between rooms.

Five Possible FAQs

1. How do property taxes compare to similar new homes?
The assessed value is above average for the area, but that’s typical for a newer, larger home. Property taxes will be based on that valuation, so expect them to be on the higher side relative to older, smaller homes nearby. You can request the current tax amount from your agent or the city.

2. Why is the lot smaller than the city average?
That’s common in newer infill developments where land is subdivided more efficiently. The average lot in Winnipeg includes many older, larger suburban plots. On this street, the lot size is actually the largest available, so it’s not a compromise for the immediate neighbourhood.

3. Is this home suitable for a family with kids?
Yes and no. The interior square footage is generous, so there’s plenty of room for bedrooms and living space. But the lot is compact, so outdoor play space is limited. If you want a large backyard for a trampoline or garden, this might not be ideal. If you’re closer to parks or plan to use community facilities, it’s less of an issue.

4. How does the home’s age affect insurance and maintenance costs?
A 2023 build means the roof, HVAC, windows, plumbing, and electrical are all effectively new, so you can expect lower maintenance costs for at least 10 to 15 years. Insurance premiums may be slightly lower than for older homes, but that depends on specific coverage and insurer. It’s worth asking about new-build discounts.

5. What does “West Kildonan Industrial” mean in practice?
That’s the official neighbourhood name, but the area is mostly residential with light industrial and commercial pockets nearby. It’s not a heavy industrial zone—more of a mixed-use area. You’ll have reasonable access to major roads and services, but don’t expect a quiet suburban cul-de-sac feel everywhere. Check the immediate streetscape to see if it matches your preferences.