Property Overview: 102 Peony Avenue, Garden City, Winnipeg
Key Characteristics & Appeal
This well-maintained one-storey home, built in 1961, presents a compelling blend of established character and modern updates. Its primary appeal lies in its strong foundational metrics and renovated basement, offering move-in-ready comfort. With 1,292 sqft of living space, it ranks well above average for its immediate street and neighborhood, providing more interior room than many comparable homes in Garden City. A detached garage adds practical utility.
The property stands out for its assessed value, which ranks in the elite top 3% on its street and above average in the wider area, suggesting a history of solid maintenance and improvements that are recognized in its valuation. A thoughtful perspective is that this home represents a "sweet spot" in its community—it's not the newest, but it's notably well-preserved and updated among its peers from the same era. The land size, while smaller than many lots on the street, is closer to the citywide average, making it manageable without sacrificing outdoor space.
This home would ideally suit first-time buyers or downsizers seeking a single-level layout in a mature neighborhood. It’s also a prudent choice for value-focused buyers who appreciate a home with a renovated basement and an assessed value that indicates a strong standing relative to the local market.
Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is smaller than many lots on Peony Avenue, it is near the citywide average. This often translates to less yard maintenance while still providing adequate private outdoor space.
2. What does the high assessed value ranking mean?
Ranking in the top 3% for assessed value on its street indicates that, compared to its immediate neighbors, this property is officially valued very highly. This typically reflects updates, condition, and desirability, but it's important to distinguish assessed value for taxes from current market value.
3. Is the renovated basement finished?
The listing specifies a "renovated basement," which generally means it has been updated and is in liveable condition. Specifics on the finish (e.g., legal suite, rec room) should be confirmed with the seller or listing agent.
4. How current is the sold price history provided?
The sold price range shown is based on public data from January 2016 through April 2025. The last recorded sale appears to be in November 2020. For the exact historical sold price, you must request it via the provided email service.
5. What are the implications of the home's age?
Built in 1961, the home is among the older on its street. This can mean classic construction quality and established landscaping, but it also warrants careful attention to the condition of major aging components like the roof, plumbing, and electrical systems during an inspection.