47 Pegasus Street – Property Summary

Key Characteristics & Buyer Profile

This is a modern, 2022-built home with 1,695 square feet of living space on a 3,673-square-foot lot. The assessed value is $477,000. Compared to other homes nearby and across Winnipeg, the property sits in a fairly strong position: living area is above average at both the neighborhood and city levels, and the assessed value follows a similar pattern—around average on the street, but above average citywide.

The standout feature is the year built. While it’s typical for the immediate street, it places the home in the top 1% of all homes citywide by age. That means it’s newer than the vast majority of properties in Winnipeg, where the average home was built in 1966. For buyers who want a move-in-ready home without the maintenance concerns of older construction, this is a major draw.

The lot is smaller than the citywide average (which is skewed by larger suburban and rural parcels), but it’s the largest lot on its street and sits within the typical range for the neighborhood. That suggests a denser, more urban feel—less yard to maintain, but still with a respectable footprint.

Who it suits: First-time buyers or young families who want a newer home with no immediate renovation needs, and who value efficiency and modern finishes over sprawling land. Also fits downsizers who want a compact, low-maintenance property in an established neighborhood without sacrificing living space. Not ideal for buyers seeking a large yard or historic character.

Five Possible FAQs

1. Is this home overvalued compared to others on the street?
The assessed value is $477,000, slightly below the street average of $495,500, so it’s not overvalued relative to its immediate neighbors. It’s above the neighborhood and city averages, but that aligns with its newer construction and above-average living area.

2. How does the lot size affect usability?
At 3,673 square feet, the lot is larger than any other home on Pegasus Street but smaller than the typical Winnipeg lot. In practice, this means a manageable yard—enough for a patio, garden, or small playset—but not the kind of deep backyard you’d find in older, suburban areas.

3. Why is the citywide year-built ranking so high (top 1%)?
Most homes in Winnipeg were built between the 1950s and 1970s. A 2022 build is rare, so this home avoids many common older-home issues like outdated wiring, lead pipes, or inefficient insulation. That’s a practical advantage for insurance and utility costs.

4. How does this property compare to others in West Kildonan Industrial?
The neighborhood is mixed, with an average home built in 2021 and assessed value around $442,900. This home is slightly above those averages in both age and value, placing it in the top 35% for assessed value and top 19% for newness within the area.

5. Is the living area considered spacious for a modern home?
At 1,695 square feet, it’s above average citywide (1,342 sqft) and slightly below the street average (1,768 sqft). It’s not oversized, but it’s a comfortable size for a family of three or four, especially with an efficient layout typical of newer builds.