Property Overview: 821 Peake Avenue, Mission Gardens, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 821 Peake Avenue presents a specific and practical value proposition in Winnipeg’s Mission Gardens neighborhood. Its key characteristic is its efficiency: with 792 square feet of living space, it is notably compact compared to most homes on its street, in the area, and across the city. This is balanced by a relatively newer build year (1989) for its context and an assessed value that is competitive, ranking above average on its own street.
The appeal lies in its potential as an affordable entry point into the market or a low-maintenance property. It suits buyers prioritizing financial accessibility over square footage, such as first-time homeowners, investors seeking a rental property, or downsizers looking to reduce living space and upkeep. A thoughtful perspective is that its smaller lot size (3,248 sqft) means less yard work and lower exterior maintenance costs, which can be a hidden benefit for those seeking a simplified lifestyle. While not the largest home, its modern construction date relative to its peers suggests potentially fewer immediate major repairs than older area averages.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (currently $34,800) is used for calculating municipal property taxes. The market value—what a buyer might pay—is determined by current market conditions and can be higher or lower. The last recorded sale was between $300k-$350k in 2021.
2. How does the smaller living area impact daily life?
The 792 sqft layout requires efficient use of space. It would suit individuals, couples, or those comfortable with compact living. It may feel cramped for families or those needing a home office or multiple dedicated rooms.
3. What does the "newer" build year (1989) actually mean for me?
Built in 1989, this home is newer than many immediate neighbors. This can imply updated building materials, electrical systems, and insulation standards compared to much older homes, potentially leading to lower utility costs and deferred major renovations.
4. Why is the lot size smaller than average?
The lot is 3,248 sqft, which is below average for the street and area. This means a smaller backyard and potentially less privacy from neighbors, but also translates to less time and money spent on landscaping and yard maintenance.
5. How can I find out the exact historical sale prices?
The precise sale prices are not publicly displayed in detail. You can request the exact sold price history by emailing the listing service directly through the provided button on the detail page. They provide this information manually at no cost.