59 Pegasus Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1,717 sqft home built in 2022 on a 3,673 sqft lot, located in Winnipeg's West Kildonan Industrial neighbourhood. Its main appeal is the combination of a very new build with a lot size that stands out on its street. The home ranks in the top 1% citywide for year built, meaning virtually no comparable homes in Winnipeg are newer. The lot is the largest on Pegasus Street (top 7%), though it falls slightly below the neighbourhood and city averages for lot size—so it's generous for the immediate street, but not oversized by broader standards. The living area is above average at every level: street, neighbourhood, and city. Assessed value sits at $473,000, which is around average for the street and neighbourhood but above average citywide, reflecting the home's newer construction relative to the broader housing stock.

This property would suit a buyer who wants a nearly new home without the wait or unknowns of new construction, and who values having a larger lot than neighbours on the same street. It may also appeal to someone looking for a home that ranks well in comparative data—particularly in age and living space—without paying a premium for an exceptionally large property. The lot size trade-off is worth noting: it's a standout on the street but modest compared to typical Winnipeg lots, so buyers moving from older, larger lots may need to adjust expectations.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The assessed value of $473,000 is slightly below the street average of $495,500 but above the neighbourhood average of $442,900 and well above the citywide average of $390,100. That means it's priced competitively for its immediate street while representing above-average value compared to the wider city.

2. Is the lot size unusual for a 2022 build in this area?
Yes, but in a specific way. The 3,673 sqft lot is the largest on Pegasus Street, so it's generous relative to its immediate neighbours. However, the neighbourhood average is 3,839 sqft, and the citywide average for comparable homes is 6,570 sqft. So it's a big lot for the street, but modest by broader Winnipeg standards—especially compared to older homes.

3. How does the living area compare to other homes on the street?
The 1,717 sqft is just slightly below the street average of 1,768 sqft, which puts it in the top third of homes on Pegasus Street. It's above the neighbourhood average (1,591 sqft) and the citywide average (1,342 sqft), so you're getting a home that's spacious for its context without being the largest on the street.

4. What does "top 1% citywide for year built" actually mean?
It means that of nearly 195,000 comparable homes across Winnipeg, only about 2,840 are newer than this one. The average year built citywide is 1966, so this home is significantly newer than the vast majority of homes in the city. That can translate to lower immediate maintenance costs and modern building standards.

5. Would this property work well for someone looking to invest or resell?
Potentially. The combination of a 2022 build and a street-leading lot size gives it two strong data points. But the lot is still smaller than typical Winnipeg lots, and the assessed value is around average for the street—so the upside may be in holding long-term as the neighbourhood matures, rather than expecting rapid appreciation. It's a solid, not flashy, investment candidate.