Property Overview: 119 Peony Avenue, Garden City, Winnipeg
Key Characteristics & Buyer Appeal
This one-storey home on a standard residential lot in Garden City is a practical and straightforward property. Its key characteristics include 1,053 sqft of living space, a renovated basement, a detached garage, and a construction date of 1960. The appeal lies in its modesty and functionality. It offers a manageable size for upkeep, and the updated basement adds valuable finished space. The lot size is typical for the immediate street but is slightly smaller than the broader neighbourhood average, which may translate to less yard maintenance.
This home would best suit first-time buyers, downsizers, or practical investors looking for an entry point into the Winnipeg market without the premium for larger lots or newer builds. Its assessed value sits below average for both the street and Garden City, suggesting it may be a relatively affordable option in the area. A thoughtful perspective is that while the home doesn't stand out statistically in size or value, its "around average" metrics across the city indicate a stable, no-surprises property that reflects the core of Winnipeg's housing stock. The recent sale in mid-2024 also provides a clear, contemporary price benchmark for buyers.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 1,053 sqft, the living area is slightly below the average for both Peony Avenue and the wider Garden City area, but it is close to the citywide average for homes. It represents a comfortably sized, mid-century bungalow layout.
2. Is the assessed value a good indicator of the market price?
The assessed value is for municipal tax purposes. The home sold for between $365,000 and $395,000 in June 2024, which is the most direct indicator of its recent market value and is significantly higher than its assessed value of approximately $33,200.
3. What does the lot size mean for me?
The lot of 5,497 sqft is very typical for Peony Avenue but is below the Garden City neighbourhood average. This likely means a manageable yard with potentially less maintenance than some larger lots in the area.
4. Has the basement renovation been permitted?
The property details note the basement is renovated, but building permits and the quality of the renovation are not confirmed here. A buyer should inspect this space thoroughly and request any available documentation.
5. How can I find out the exact past sale price?
The exact sold price is not publicly listed in this summary. You can request it directly via the "Get exact sold price history" feature on the listing page, which provides the precise figure via email.