40 Peony Avenue

Garden City, Winnipeg

Property score

63.9

Fair

Overall 63.9 · Smaller than most nearby homes

1,012 sqft (bottom 4%) · Built in 1960 (1 yr older than avg)

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

Transit 76.0 · 6-min walk to transit with 4 nearby routes · Within 500m: 13 dining spots, 1 school, 3 shops, and 4 parks nearby

Living Area

Below average

23% smaller than neighborhood avg.

Taon ng Paggawa

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 Area52
1,012 sqftFair
Taon ng Paggawa43
1960Low
Lupa74
5,829 sqftGood
Neighbourhood Sales Activity42
Low

Community Score

80.3Excellent
Household Income81
Excellent
Education Level82
Excellent
Housing Stress74
Good
Core Housing Need100
Excellent
Employment Health60
Fair

Istatistika ng benta ng komunidad

Garden City

How to read: Share of sales in each ~$50k price band for “garden city” (Detached na bahay (hindi 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.

Mga ranggo

Living Area

mas mababa sa average
1,012 sqft
0255075100
Same streetBottom 10%Same areaBottom 4%CitywideBottom 27%
Same street · Peony Avenue
#54 / 60
Bottom 10% · Avg 1,148 sqft
Same area · Garden City
#1,827 / 1,909
Bottom 4% · Avg 1,307 sqft
Citywide · Winnipeg
#141,321 / 194,458
Bottom 27% · Avg 1,342 sqft

Assessed Value

lampas sa average
360k
0255075100
Same streetTop 22%Same areaTop 35%CitywideTop 50%
Same street · Peony Avenue
#13 / 60
Top 22% · Avg 344.2k
Same area · Garden City
#670 / 1,909
Top 35% · Avg 357.4k
Citywide · Winnipeg
#97,764 / 194,458
Top 50% · Avg 390.1k

Taon ng Paggawa

karaniwan
1960
0255075100
Same streetTop 45%Same areaTop 45%CitywideBottom 42%

Lupa

lampas sa average
5,829 sqft
0255075100
Same streetTop 13%Same areaBottom 29%CitywideTop 36%

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

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

40 Peony Avenue — 33 amenities found within 500 m, across 6 categories, including 13 dining (nearest 339 m), 1 education (nearest 231 m), 3 shopping (nearest 299 m).

Search radius
🍽️Dining13
🏫Education1
🛒Shopping3
🌳Parks4
💪Sports10
🏦Finance2

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%

Kasaysayan ng Benta

Naibenta 4/2020CA$300k–350k
Presyo ng benta

Parehong kalye

Bottom 47%

Parehong lugar

Top 50%

Buong lungsod

Bottom 47%

Related homes

Mga tampok at karaniwang tanong: 40 Peony Avenue, Winnipeg

Property Overview: 40 Peony Avenue, Garden City, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Garden City presents a practical and value-oriented opportunity. Its key appeal lies in a combination of a renovated basement, a detached garage, and a notably large lot for its immediate street. At 5,829 sqft, the land area is significantly above average for Peony Avenue, offering more outdoor space and potential than most neighboring properties. The home itself, at 1,012 sqft of living space, is compact and efficient, suitable for those seeking manageable square footage. A standout feature is its assessed value of $360k, which ranks highly on its street, suggesting the property is viewed favorably relative to its closest peers. This combination suits first-time homebuyers, downsizers, or practical investors looking for a solid entry into the Winnipeg market with a property that offers a bit more land than usual for the area. It’s a home that prioritizes lot size and value-perception on its block over interior spaciousness.

Section 2: Frequently Asked Questions

1. How does the home's size compare to the area?
The living area is below average for both Garden City and Winnipeg overall, indicating a more compact floor plan. This is a trade-off for the larger lot size and the renovated basement, which adds functional space.

2. What does the "above average" assessed value on the street mean?
While the assessed value is around the middle when compared to the whole city or Garden City, it ranks in the top 22% on Peony Avenue itself. This suggests the property’s valuation is strong relative to its immediate neighbors, which could be due to the renovated basement, lot size, or overall condition.

3. Is the large lot a major advantage?
It is a relative advantage on this specific street, where the lot is in the top 13%. However, compared to the broader Garden City area, the lot size is actually below average. The benefit is highly localized.

4. What can the 2020 sale price range tell me?
The previous sale in the range of $305k-$335k provides a recent benchmark. Comparing this to the current $360k assessment can help gauge market movement and the municipality's valuation perspective over the last five years.

5. Who might this property not suit?
Buyers prioritizing spacious, modern interiors or a large home footprint may find it limiting. It’s better suited for those who value outdoor space and a manageable, efficient layout over sheer square footage. The 1960 build date also means potential for older-home maintenance considerations.