852 Peake Avenue

Property Overview: 852 Peake Avenue, Mission Gardens, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 852 Peake Avenue is a practical, entry-level property in Winnipeg's Mission Gardens neighbourhood. Built in 1995, it is notably newer than most homes on its street and in the wider city, suggesting potentially fewer immediate concerns with aging infrastructure. The 720 sqft living area is compact, placing it well below average for the area, which indicates a efficient, low-maintenance layout suited for a minimalist lifestyle or a single occupant.

Its primary appeal lies in its value proposition. The assessed value is modest and sits around the average for its immediate street, making it a financially accessible point of entry into the market. The lot size of 3,748 sqft is manageable, offering outdoor space without being burdensome. Recent sale history shows steady price appreciation.

This property would best suit a first-time buyer, an investor looking for a manageable rental, or a downsizer seeking a newer build with minimal upkeep. Its compact size and average-on-its-street valuation make it a straightforward, no-fuss option rather than a premium family home. A thoughtful perspective is that its newer construction date within an older neighbourhood could offer a balance of modern building standards while still benefiting from the established character and mature landscaping of the area.

Section 2: Frequently Asked Questions

1. Is the house unusually small?
Yes, at 720 sqft, the living area is significantly smaller than the average home in the Mission Gardens area (approx. 1,162 sqft) and across Winnipeg. This confirms it as a compact, efficient property.

2. How does its value compare to neighbours?
The home's assessed value is very close to the average for Peake Avenue itself, but is below the average for the broader Mission Gardens neighbourhood. This suggests it is priced consistently on its specific street.

3. What does the sale history indicate?
The property has sold three times in recent years (2017, 2021, 2024), with each sale price range higher than the last. This pattern indicates consistent market demand and appreciation in value over time.

4. Is the lot a good size?
At 3,748 sqft, the lot is slightly below the average for the local area but is fairly typical for the street itself. It provides a decent outdoor space relative to the home's compact size.

5. Why is the "Year Built" considered above average?
Built in 1995, this home is much newer than most comparable homes on its street (avg. ~1975), in Mission Gardens (avg. ~1988), and across Winnipeg (avg. ~1966). This is one of its standout features, implying relatively modern construction.