Property Overview: 121 Peony Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This 1960-built, three-level split home sits on a standard 5,500 sqft lot in Winnipeg's Garden City neighborhood. With 1,149 sqft of living space and a renovated basement, it presents a practical, no-frills offering. Its key appeal lies in its position as a straightforward, mid-century home in an established area, requiring minimal immediate upgrades. The detached garage adds functional value.
The home’s metrics are consistently "around average" for its immediate street and the broader city in terms of size, age, and lot dimensions. However, its assessed value is notably below average for both Peony Avenue and Garden City, which could signal an opportunity for value-conscious buyers or indicate a pricing adjustment based on specific property conditions. It would suit first-time buyers, downsizers, or investors looking for an affordable entry into a stable neighborhood without the premium for a modern layout or above-average square footage. Its recent sale history suggests it’s a actively traded property within its price bracket.
Section 2: Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. While its assessed value ranks in the bottom quarter for the local area, this often reflects the home’s specific attributes and market positioning rather than an inherent problem. It can represent a more affordable entry point, but it’s wise to understand what factors (e.g., finishes, exact location on the block) contribute to this assessment.
2. What does the "renovated basement" typically include?
The listing notes a renovated basement, a valuable feature in a home of this era. Prospective buyers should inquire about the scope, permits, and quality of this renovation, as finishes and compliance can vary widely.
3. How does the three-level split layout function in daily life?
This classic 1960s design often features short flights of stairs between levels, creating defined zones but requiring more stair navigation than a bungalow or two-story. It suits those who like separation between living, sleeping, and utility areas.
4. Are the sold price ranges provided exact?
No. The listed prices (e.g., $28.5k ~ $31.5k for 12/2020) are estimated ranges from public data. The exact sale price is available upon direct request to the site, as noted in the details.
5. How does the lot size compare?
At 5,497 sqft, the lot is average for Peony Avenue but below average for the wider Garden City area. This means outdoor space is adequate for a home of this size but may be smaller than some other properties in the neighborhood.