Property Overview: 28 Peony Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This 3-level split home, built in 1960, presents a solid opportunity in Winnipeg's Garden City neighborhood. Its key appeal lies in a combination of desirable lot size and strong value positioning. With 1,056 sqft of living space, the house itself is modest and typical for the immediate street, but it sits on a notably generous 5,829 sqft lot—ranking in the top 13% for lot size on Peony Avenue. This offers valuable outdoor space and potential.
The home features a renovated basement and a detached garage. Its assessed value of $38.50k stands out as elite on its street (top 5%) and above average for Garden City, suggesting it is a well-regarded property in its local context. Recent sale history indicates steady value.
This property would best suit practical buyers looking for a grounded, no-frills home with room to breathe outdoors. It’s ideal for first-time homeowners, small families, or investors attracted to a stable neighborhood where the land itself represents a significant portion of the asset. The renovated basement adds flexible living space, appealing to those who need a rec room, home office, or separate suite potential.
Section 2: Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The lot is larger than most on the street and in the broader neighborhood. This provides more privacy, yard space for gardening or recreation, and future flexibility than many comparable properties.
2. How does the assessed value compare to recent sale prices?
The current assessed value ($38.50k) is consistent with the home's sold price range in late 2023 ($38.50k - $41.50k), indicating stable market recognition and a low likelihood of tax assessment surprises.
3. What does the "3-level split" design mean for daily living?
This classic Winnipeg design often features multiple short flights of stairs, creating distinct living zones. It can offer good separation between living and sleeping areas, but may be less suitable for those seeking single-level living or with mobility concerns.
4. The living area is below the city average. Will it feel small?
At 1,056 sqft, it is compact. However, the renovated basement effectively expands the usable space. The floor plan's efficiency and the generous lot, which extends the living area outdoors in warmer months, can offset the interior square footage.
5. Why is the assessed value so high relative to the street?
An assessment in the top 5% on the street often reflects a combination of the above-average lot size, the renovated basement, and overall property condition compared to immediate neighbors. It signals that municipal assessors view this as a premium property on its block.