Property Overview: 52 Peony Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained one-storey home, built in 1961, offers a practical and comfortable living space in Winnipeg's Garden City neighborhood. Its key appeal lies in its above-average positioning within its immediate community. The 1,292 sqft living area is notably spacious for Peony Avenue, ranking in the top 7% of similar homes on the street. It sits on a generous 5,828 sqft lot, providing ample outdoor space for a mature area. A recently renovated basement adds valuable finished living space. While the home lacks a garage or pool, its assessed value is consistent with the area, suggesting a fair market entry point.
The property would suit first-time buyers or downsizers seeking a solid, single-level home in an established neighborhood without the premium price tag of newer builds. Its strong rankings on its own street indicate it's a standout property on Peony Avenue, potentially offering better value and more space than its direct neighbors. The sizable lot is a significant asset for gardening, recreation, or future expansion, which is less common in this part of Garden City where lot sizes tend to be smaller.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others in Garden City?
While its living space is above average for its specific street, it is average for the wider Garden City area. The lot size, however, is larger than most on Peony Avenue but below the neighborhood average. This suggests you're getting more yard privacy than your immediate neighbors, but less than some homes a few blocks away.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, ceiling height, permits, and whether it includes a bathroom or secondary living space to fully understand its value.
3. The home sold recently in 2020 and 2022. What does this indicate?
The two sales in a short period could reflect a flip, an investor property, or simply changing personal circumstances. Reviewing the exact sale prices (available by request) would clarify if significant value was added between sales, which is important for understanding the current asking price.
4. There's no garage. What are the parking options?
The property has no garage. Buyers should verify the driveway capacity and on-street parking regulations. For those needing covered parking, budgeting for the potential addition of a carport or garage is advisable.
5. The assessed value seems low. Is that accurate?
The assessed value ( $35.60k ) is for municipal tax purposes only and is not the market value. Market value is determined by recent sales of comparable homes, location, and condition. The listed sale price ranges from previous years provide a more relevant benchmark for current market value.