77 Peony Avenue

Property Overview: 77 Peony Avenue, Garden City, Winnipeg

Key Characteristics & Buyer Appeal

This 1960-built, three-level split home in Garden City offers a practical and updated living space. Its key features include a renovated basement and a detached garage, situated on a standard residential lot. With 1,056 sqft of living area, the home is moderately sized, offering a comfortable footprint for a smaller household or first-time buyers.

The appeal of this property lies in its balance of updates and value. The renovated basement adds immediate functional living space without the need for a major project. The home’s assessed value is notably strong for its immediate street, ranking in the top 17% of Peony Avenue, suggesting it is well-maintained relative to its closest neighbors. This combination of move-in readiness and solid comparative value makes it a sensible choice.

It would suit first-time homebuyers looking for a manageable property with some modern touches, or downsizers seeking a single-level living option within the split-level layout. The buyer should be comfortable with a home of vintage construction, where systems like roofing or plumbing may require attention due to age, despite the basement renovation.

Frequently Asked Questions

1. How does the home’s size compare to the neighborhood?
At 1,056 sqft, the living area is slightly below the average for both Garden City and Winnipeg overall, but is very typical for Peony Avenue itself. It represents a mid-sized option for the street.

2. What does the "above average" assessed value on the street indicate?
Ranking in the top 17% for assessed value on Peony Avenue suggests the property is in a better state of improvement or has attributes that the city assessor values more highly than many direct neighbors. This can be a positive sign of upkeep, but it's important to verify this with a current interior viewing.

3. Is the lot size a constraint?
The lot is just under 5,500 sqft. While this is below the Garden City average, it is very standard for the street and provides typical backyard space for the area. It may appeal to those who want outdoor space without extensive maintenance.

4. The home sold in 2019. What can that price history tell me?
The sold price range from 2019 provides a historical benchmark, but it should be considered in the context of the significant market changes since then. The current assessed value is higher, reflecting broader market appreciation and any improvements made.

5. What are the less obvious considerations for a home from 1960?
While the basement is renovated, the core structure and major systems (like electrical, plumbing, and the roof) are over 60 years old. A thorough inspection is crucial. Additionally, the three-level split design involves several short flights of stairs, which is a practical consideration for mobility or for families with young children.