Property Overview: 847 Peake Avenue, Mission Gardens, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 847 Peake Avenue is a practical, no-frills property that represents an accessible entry point into Winnipeg’s Mission Gardens neighbourhood. Built in 1971, it’s a home that prioritizes function and lot size over expansive living space.
Its key appeal lies in its value proposition. With a living area of 833 sq ft, the house is notably compact—smaller than most in the immediate area and citywide. However, it sits on a decent-sized lot of 4,498 sq ft, which is quite typical for its street. This presents a classic trade-off: a modest-sized home on a standard city lot, often appealing to those who see potential in the land itself or who prefer lower maintenance without sacrificing outdoor space.
The home suits specific buyer profiles well. It would be a fit for first-time buyers seeking affordability and a manageable footprint, or for investors looking for a rental property with a stable assessed value. It’s less suited for those needing significant interior space. A thoughtful perspective is that its below-average size and assessed value for the Mission Gardens area might indicate an opportunity for the right buyer—someone comfortable with a cozy layout who values the neighbourhood location over square footage, or who views the lot as the primary long-term asset.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 833 sq ft, the living area is below the average for Mission Gardens (1,162 sq ft) and for the city. On Peake Avenue itself, it ranks in the bottom third for size among 24 comparable homes.
2. What is the property’s assessed value, and how does it compare?
The assessed value is $30,800. This is below the average for both Peake Avenue and the Mission Gardens area, but sits close to the city-wide average for assessed values.
3. How old is the home, and what does that mean?
The home was built in 1971, making it 55 years old. On its street, it’s about average age, but it is older than approximately 95% of homes in the broader Mission Gardens neighbourhood, which generally features newer construction.
4. What is the lot size, and is it typical?
The lot is 4,498 sq ft. This is very close to the average lot size on Peake Avenue and is reasonably typical for the area, though lots city-wide are generally larger.
5. What was the home’s last sale price?
Public data indicates it sold for between $250,000 and $300,000 in 2022. For the exact sale price, you can request details via email from the listing source.