Property Overview & Key Characteristics
This well-maintained one-storey home in Mission Gardens presents a practical and comfortable living opportunity. Built in 1984, it sits on a generous 3,748 sqft lot, which is notably larger than many in the immediate area. The 1,002 sqft living space is complemented by a renovated basement, adding valuable functional square footage. Its assessed value positions it favorably within its neighbourhood and across Winnipeg, suggesting a solid foundation of value.
The appeal lies in its balance of space, updates, and location. The large lot offers room for gardening, play, or expansion, while the renovated basement provides immediate flexibility for a family room, home office, or guest space. It suits first-time buyers looking for a move-in-ready home with room to grow, or downsizers seeking single-level living without sacrificing yard space or storage. A thoughtful perspective is its "middle-ground" positioning: it's newer than many classic Winnipeg homes, potentially meaning fewer major age-related repairs, yet it's established in a mature neighbourhood with settled greenery and community character.
Frequently Asked Questions
1. How does the lot size compare to nearby homes?
The 3,748 sqft lot is in the top 42% for size on Peake Avenue itself and ranks in the top 15% within the broader Mission Gardens neighbourhood, indicating it is a notably larger-than-average parcel for the area.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand if it's a finished living space, a modernized utility/storage area, or includes additional bedrooms.
3. Is the home older or newer compared to the neighbourhood?
Built in 1984, this home is newer than many in Winnipeg. It ranks in the top 45% for age within Mission Gardens, meaning it is among the more recently built properties in the area, which can be an advantage for systems like wiring and plumbing.
4. What is the parking situation without a garage?
The property has no garage. Buyers should consider the driveway capacity and on-street parking availability, which is typical for many older Winnipeg neighbourhoods.
5. How does the assessed value relate to the asking price?
The assessed value is $31,100. It's important to discuss with your real estate agent how this municipal assessment—used for calculating property taxes—compares to the current market asking price and recent sale prices of similar homes, as the two figures often differ.