2 Peony Avenue

Garden City, Winnipeg

Property score

63.9

Fair

Overall 63.9 · Smaller than most nearby homes

1,053 sqft (bottom 20%) · Built in 1960 (1 yr older than avg)

Located in a high-income area with median household income of ~91k

Transit 86.0 · 5-min walk to transit with 4 nearby routes · Within 500m: 11 dining spots, 3 schools, 2 shops, and 3 parks nearby

Living Area

Below average

19% smaller than neighborhood avg.

Year Built

Near average

1 yrs older than neighborhood avg.

Mother tongue

English · 59%Tagalog · 17%

Past 10 years Garden City sales snapshot (~80% of all data)

Sold Count

616

Median price

411k

$/sqft

$361/sqft

Avg build year

1961

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Property score

63.9 is composed by the two sections below.

Property Score

53.0Fair
Living Area1,053 sqft52Fair
Year Built196043Low
Lot Size5,951 sqft74Good
Neighbourhood Sales Activity42Low

Community Score

80.3Excellent
Household Income81Excellent
Education Level82Excellent
Housing Stress74Good
Core Housing Need100Excellent
Employment Health60Fair

Neighbourhood Sales

Garden City

How to read: Share of sales in each ~$50k price band for “garden city” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110035

Community deep dive

$91K

Median household income

$104K

Average household income

4%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.4

P90 / P10 ratio

22%

Single-person households

28%

Families with children

Population, labour & age

Population (2021)472
Labour force participation rate65%
Median age42.4
Avg household size2.8
Unemployment rate14%
Population density2950 / km²

Households & income

Low income (LIM-AT, % pop.)4%
Single-person households22%
Couple families with children28%
Median household income (2020)$91K

Housing

Renter households5%
Condominium dwellings0%
Median dwelling value (owners)$320K

Diversity, education & language

Immigrants (share of pop.)39%
Visible minority50%
Bachelor's or higher (25–64)49%
Mother tongue (1st)English · 58%
Mother tongue (2nd)Tagalog · 16%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,053 sqft
0255075100
Same streetBottom 32%Same areaBottom 20%CitywideBottom 34%
Same street · Peony Avenue
#41 / 60
Bottom 32% · Avg 1,148 sqft
Same area · Garden City
#1,534 / 1,909
Bottom 20% · Avg 1,307 sqft
Citywide · Winnipeg
#128,770 / 194,458
Bottom 34% · Avg 1,342 sqft

Tax-Assessed Value

around average
317k
0255075100
Same streetBottom 13%Same areaBottom 11%CitywideBottom 34%
Same street · Peony Avenue
#52 / 60
Bottom 13% · Avg 344.2k
Same area · Garden City
#1,708 / 1,909
Bottom 11% · Avg 357.4k
Citywide · Winnipeg
#127,404 / 194,458
Bottom 34% · Avg 390.1k

Year Built

around average
1960
0255075100
Same streetTop 45%Same areaTop 45%CitywideBottom 42%

Lot Size

above average
5,951 sqft
0255075100
Same streetTop 7%Same areaBottom 30%CitywideTop 34%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

2 Peony Avenue — 29 amenities found within 500 m, across 5 categories, including 11 dining (nearest 438 m), 3 education (nearest 334 m), 2 shopping (nearest 366 m).

Search radius
🍽️Dining11
🏫Education3
🛒Shopping2
🌳Parks3
💪Sports10

Crime & Safety

Garden City · WPS public data · 2026

Annual incidents

45

2026

vs. city avg

+53%

relative to avg

Year-over-year

-94%

vs. prior year

Primary type

Property

69%

Sales History

Sold 12/2024CA$350k–400k
Sold price

Same street

Top 32%

Same area

Top 28%

City-wide

Top 42%

Related homes

Highlights & common questions: 2 Peony Avenue, Winnipeg

Property Summary: 2 Peony Avenue, Garden City, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home, built in 1960, presents a practical opportunity in Winnipeg's Garden City neighborhood. Its key appeal lies in a balanced offering: a recently renovated basement adds modern living space to the 1,053 sqft footprint, while the nearly 6,000 sqft lot is notably larger than many on its street, offering valuable outdoor space and potential. The home ranks as "around average" in size and age for its area, but its assessed value is below average for Garden City, which may indicate room for value growth or a manageable entry point.

This property would suit first-time buyers or downsizers looking for a single-level layout with updated essentials and a generous yard. It’s a grounded choice for those who prioritize functional indoor-outdoor space over premium finishes or square footage. A less obvious perspective is that its below-average assessment for the neighborhood, combined with the renovated basement, could represent a "value-add" scenario where the owner isn’t paying taxes on the full extent of the livable space.

Section 2: Frequently Asked Questions

1. How does the lot size compare?
The land area of 5,951 sqft is a standout feature, ranking in the top 7% on Peony Avenue itself. It provides more private outdoor space than most direct neighbors.

2. What does the "below average" assessed value mean?
The home's assessed value is below the average for both the street and Garden City. This can mean a relatively lower property tax burden, but it may also reflect the home’s specific condition, features, or the timing of the assessment compared to recent renovations.

3. Is the basement included in the living area square footage?
Typically, below-grade space like a basement is not included in the official living area (1,053 sqft). The listing notes a renovated basement, which adds significant functional space but is considered separately.

4. What is the typical home like on this street?
Homes on Peony Avenue are generally similar in age (around 1960) and living area size. This property fits that profile but offers a larger-than-standard lot.

5. How can I find out the exact past sale price?
The listed sale price ranges are estimates from public data. The exact sold price history is available by request via email from the listing service, which they provide manually without using your email for marketing.

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