82 Peony Avenue

Property Overview: 82 Peony Avenue, Garden City, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey bungalow at 82 Peony Avenue is a practical home in Winnipeg's Garden City neighborhood. Built in 1960, its key feature is a recently renovated basement, adding valuable finished living space to the 1,292 sqft footprint. The home sits on a 5,097 sqft lot.

The primary appeal lies in its efficient use of space and its position as a solid, no-fuss property. The living area is notably above average for its immediate street and is competitive within the wider neighborhood. While the lot size is smaller than many in Garden City, this can translate to less yard maintenance. The assessed value is modest compared to the local area, suggesting a potentially accessible entry point into the market.

This home would suit first-time buyers or downsizers looking for a manageable, single-level layout with modernized living space that extends into the basement. It’s a straightforward property for someone prioritizing function and location over premium lot size or high-end finishes. A thoughtful perspective is that its smaller lot and lower assessment, paired with a renovated interior, could represent a value-conscious way to secure a home in a well-established area without overpaying for land.

Section 2: Frequently Asked Questions

1. Is the renovation in the basement a full, permitted development?
Prospective buyers should verify the scope and permits for the basement renovation. Understanding what was updated (e.g., electrical, plumbing, finishes) and ensuring it meets current building codes is essential.

2. How does the smaller lot size impact daily living and future potential?
The lot is below the neighborhood average. This means lower maintenance but may limit options for large additions, decks, or landscaping projects. It’s worth considering if outdoor space is a priority.

3. What is the typical property tax bill based on the assessed value?
With an assessed value of $33.20k, property taxes will be relatively modest for Winnipeg. Buyers should calculate the estimated annual tax to budget accurately.

4. Are there any known issues common to homes of this age in Garden City?
As a 1960s bungalow, it’s prudent to inquire about the condition of major aging components, such as the roof, foundation, and original plumbing or electrical systems that may not have been updated during the basement renovation.

5. How does the lack of a garage affect parking and storage?
The property has no garage. Buyers should assess on-street parking availability and consider where vehicles will be parked in winter, as well as where tools, bicycles, and other items typically stored in a garage will be kept.