Property Summary: 2 Peony Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home, built in 1960, presents a practical opportunity in Winnipeg's Garden City neighborhood. Its key appeal lies in a balanced offering: a recently renovated basement adds modern living space to the 1,053 sqft footprint, while the nearly 6,000 sqft lot is notably larger than many on its street, offering valuable outdoor space and potential. The home ranks as "around average" in size and age for its area, but its assessed value is below average for Garden City, which may indicate room for value growth or a manageable entry point.
This property would suit first-time buyers or downsizers looking for a single-level layout with updated essentials and a generous yard. It’s a grounded choice for those who prioritize functional indoor-outdoor space over premium finishes or square footage. A less obvious perspective is that its below-average assessment for the neighborhood, combined with the renovated basement, could represent a "value-add" scenario where the owner isn’t paying taxes on the full extent of the livable space.
Section 2: Frequently Asked Questions
1. How does the lot size compare?
The land area of 5,951 sqft is a standout feature, ranking in the top 7% on Peony Avenue itself. It provides more private outdoor space than most direct neighbors.
2. What does the "below average" assessed value mean?
The home's assessed value is below the average for both the street and Garden City. This can mean a relatively lower property tax burden, but it may also reflect the home’s specific condition, features, or the timing of the assessment compared to recent renovations.
3. Is the basement included in the living area square footage?
Typically, below-grade space like a basement is not included in the official living area (1,053 sqft). The listing notes a renovated basement, which adds significant functional space but is considered separately.
4. What is the typical home like on this street?
Homes on Peony Avenue are generally similar in age (around 1960) and living area size. This property fits that profile but offers a larger-than-standard lot.
5. How can I find out the exact past sale price?
The listed sale price ranges are estimates from public data. The exact sold price history is available by request via email from the listing service, which they provide manually without using your email for marketing.