Property Overview
85 Peony Avenue is a 1,056 sqft, three-level split home built in 1960, situated on a 5,497 sqft lot in Winnipeg's Garden City neighborhood. Its key features include a renovated basement and a detached garage. The home presents a balanced profile: its living space is average for its immediate street but slightly below average for the wider Garden City area, while its assessed value is notably strong on its street and steady within the broader market. This suggests a well-maintained property in its local context. The lot size is generous for the street but more compact compared to other lots in the neighborhood.
Section 1: Key Characteristics & Appeal
This home’s primary appeal lies in its solid, no-fuss practicality and its position as a stable asset on a consistent street. The renovated basement adds modern, functional living space without the premium of a fully new build. The detached garage offers valuable storage or workshop potential. Its above-average assessed value on Peony Avenue indicates it is likely viewed as one of the better-maintained properties in the immediate area, which can be a reassuring sign of upkeep.
The property would suit first-time buyers or downsizers looking for a manageable, single-family home with distinct living zones afforded by the split-level layout. It’s also a sensible fit for a value-oriented buyer who prioritizes a decent lot size and functional updates over sheer square footage or a brand-new home. A less obvious perspective is that its "average" metrics city-wide might actually be an advantage, offering a lower-risk entry point into the market without the volatility or premium of trending hotspots.
Section 2: Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 1,056 sqft, the home is very close to the average size for Peony Avenue (~1,148 sqft) but is somewhat smaller than the typical Garden City home (~1,307 sqft).
2. What does the assessed value tell us?
The assessed value of $35.70k is above the street average, ranking in the top 27% on Peony Avenue. This suggests the property is in good comparative condition relative to its closest neighbors.
3. What is the lot size like?
The 5,497 sqft lot is slightly larger than others on Peony Avenue but is below the average lot size for the broader Garden City area, where many lots exceed 6,000 sqft.
4. When was it last sold and for how much?
The home was sold in September 2020. The exact sale price is available upon request, but public data indicates a range between $28.50k and $31.50k at that time.
5. What are the property's main features?
The home is a 3-level split built in 1960. Key features include a renovated basement, a detached garage, and no pool.