39 Pegasus Street – Property Summary

Key Characteristics & Buyer Profile

This is a 2022-built home with 1,587 square feet of living space on a 3,673-square-foot lot. Its most notable strength is age: the home ranks in the top 1% citywide for newer construction, far ahead of Winnipeg’s average build year of 1966. Living space is above average for the city as a whole (top 26%), though slightly below the immediate street average. The assessed value sits around $457,000, which is above the city median but below the street average.

The property’s appeal lies in being a relatively new, move-in-ready home in an area where most housing stock is significantly older. The lot size is generous for the street (ranking 1st out of 15) but modest by citywide standards. Buyers looking for a home that avoids the maintenance and layout quirks of an older build will find this appealing. It sits in the West Kildonan Industrial area, which is more of a mixed-use zone—this may appeal to those who prioritize a newer structure over a classic residential streetscape. It would suit first-time buyers or downsizers who want a turnkey property without a large yard to maintain, as long as they are comfortable with the surrounding land use.

Frequently Asked Questions

1. How does the property compare to other homes on the same street?
On Pegasus Street, this home has the smallest assessed value (15th out of 15) and slightly below-average living space. However, it has the largest lot on the street. It’s a newer build but not the newest—it ranks 7th out of 15, which is close to the street average.

2. Is the assessed value of $457,000 a reliable indicator of market price?
Assessed value is used for property tax calculation and may not match current market value. In this case, the assessment is below the street average ($496,000) but above the city average ($390,000). It’s worth getting a recent market analysis to see how actual sale prices compare.

3. Why is the lot ranked 1st on the street but below average citywide?
The street has relatively small lots overall—3,672 sq. ft. on average—so this home’s 3,673 sq. ft. lot is the largest there. Across Winnipeg, lots are much larger on average (6,570 sq. ft.), so it ranks in the bottom 21% citywide. This means the yard is compact but not unusually so for the immediate area.

4. What does “West Kildonan Industrial” mean for the neighborhood feel?
This is not a strictly residential district. The area includes light industrial and commercial uses alongside housing. That can mean more traffic, less greenery, and fewer traditional suburban amenities, but also more convenience for some buyers. It’s worth visiting at different times of day to get a sense of the activity.

5. What maintenance or cost considerations come with a 2022 build?
A newer home typically has fewer immediate repair needs, but it’s not maintenance-free. Check the builder’s warranty status—some items may still be covered. Also, newer construction can sometimes have lower-quality finishes or less mature landscaping than older homes. It’s wise to have an inspection, even for a recent build.