Property Overview
This one-storey home at 27 Peony Avenue in Winnipeg's Garden City neighborhood presents a practical and updated living space. Its key appeal lies in being a well-maintained, move-in-ready property with a recently renovated basement, offering flexible living space without the premium price tag of a larger or newer home. At 1,190 sqft, the living area is notably above average for Peony Avenue itself, providing good interior space for the immediate area. The lot size of just under 5,400 sqft is standard for the street but smaller than many lots in wider Garden City, resulting in manageable outdoor maintenance.
The home would suit first-time buyers seeking a solid, updated starter home without a major renovation project, or downsizers looking for a single-level layout and a finished basement for family visits or hobbies. Its assessed value is modest relative to the broader city and even the neighborhood, which could indicate good value for a buyer comfortable with a 1960s-era home. A thoughtful perspective is that while the home is one of the older on its street (built 1961, ranking in the top 3% for age on Peony), this often correlates with more established, mature lots and neighborhoods. The smaller lot, while not expansive, contributes to the home's affordability and reduces yard work.
Frequently Asked Questions
1. Is the basement renovation a full, permitted development?
The listing confirms the basement is renovated, but specifics on permits, ceiling height, and the quality of finishes (e.g., legal secondary suite, proper egress) should be verified with the seller and a home inspection.
2. How does the lack of a garage affect parking and storage?
The property has no garage. Buyers should assess driveway space (if any) and on-street parking availability. The renovated basement can offset some storage needs, but this is a key consideration for vehicle storage and Winnipeg winters.
3. The assessed value seems low compared to the city average. Why?
The home's assessed value is below the Garden City neighborhood average. This typically reflects the home's age, size, and specific market conditions on Peony Avenue. It doesn't necessarily indicate a problem, but it's wise to understand how recent renovations may or may not be reflected in that assessment.
4. What are the annual property taxes?
The assessed value of $33,300 is used to calculate municipal property taxes. Buyers should use the current mill rate to estimate annual taxes, as this figure is not provided in the listing data.
5. The home is older. What should I look out for?
While the basement is updated, a 1961 home will have aging core components. A thorough inspection should focus on the roof, original plumbing and electrical systems, foundation, and insulation to anticipate future maintenance costs.