821 Peake Avenue

Mission Gardens, Winnipeg

Property score

50.0

Fair

Overall 50.0 · Smaller than most nearby homes

792 sqft (bottom 5%) · Built in 1989 (1 yr newer than avg)

Located in a above-average income area with median household income of ~83k

Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 4 dining spots, 1 school, 3 healthcare facilitys, and 2 shops nearby

Living Area

Below average

32% smaller than neighborhood avg.

Year Built

Near average

1 yrs newer than neighborhood avg.

Mother tongue

English · 63%Tagalog · 9%

Past 10 years Mission Gardens sales snapshot (~80% of all data)

Sold Count

456

Median price

413k

$/sqft

$355/sqft

Avg build year

1988

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Property score

50.0 is composed by the two sections below.

Property Score

36.1Low
Living Area792 sqft22Low
Year Built198978Good
Lot Size3,248 sqft38Low
Neighbourhood Sales Activity32Low

Community Score

70.8Good
Household Income78Good
Education Level54Fair
Housing Stress74Good
Core Housing Need76Good
Employment Health60Fair

Neighbourhood Sales

Mission Gardens

How to read: Share of sales in each ~$50k price band for “mission gardens” (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: #46110822

Community deep dive

$83K

Median household income

$98K

Average household income

13%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.3

P90 / P10 ratio

27%

Single-person households

25%

Families with children

Population, labour & age

Population (2021)799
Labour force participation rate67%
Median age41.6
Avg household size2.6
Unemployment rate14%
Population density859 / km²

Households & income

Low income (LIM-AT, % pop.)13%
Single-person households27%
Couple families with children25%
Median household income (2020)$83K

Housing

Renter households32%
Condominium dwellings0%
Median dwelling value (owners)$344K

Diversity, education & language

Immigrants (share of pop.)37%
Visible minority40%
Bachelor's or higher (25–64)28%
Mother tongue (1st)English · 62%
Mother tongue (2nd)Tagalog · 9%

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

Rankings

Living Area

below average
792 sqft
0255075100
Same streetBottom 17%Same areaBottom 5%CitywideBottom 9%
Same street · Peake Avenue
#20 / 24
Bottom 17% · Avg 949 sqft
Same area · Mission Gardens
#1,304 / 1,366
Bottom 5% · Avg 1,162 sqft
Citywide · Winnipeg
#177,826 / 194,458
Bottom 9% · Avg 1,342 sqft

Tax-Assessed Value

above average
348k
0255075100
Same streetTop 21%Same areaBottom 40%CitywideBottom 45%
Same street · Peake Avenue
#5 / 24
Top 21% · Avg 321.1k
Same area · Mission Gardens
#825 / 1,366
Bottom 40% · Avg 373.4k
Citywide · Winnipeg
#105,996 / 194,458
Bottom 45% · Avg 390.1k

Year Built

above average
1989
0255075100
Same streetTop 25%Same areaTop 39%CitywideTop 23%

Lot Size

below average
3,248 sqft
0255075100
Same streetBottom 4%Same areaBottom 10%CitywideBottom 15%

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

821 Peake Avenue — 18 amenities found within 500 m, across 9 categories, including 4 dining (nearest 208 m), 1 education (nearest 477 m), 3 healthcare (nearest 342 m).

Search radius
🍽️Dining4
🏫Education1
🏥Healthcare3
🛒Shopping2
🌳Parks3
💪Sports1
🏦Finance2
Fuel Stations1
Worship1

Crime & Safety

Mission Gardens · WPS public data · 2026

Annual incidents

9

2026

vs. city avg

-69%

relative to avg

Year-over-year

-93%

vs. prior year

Primary type

Property

67%

Sales History

Sold 8/2021CA$300k–350k
Sold price

Same street

Bottom 44%

Same area

Bottom 36%

City-wide

Bottom 39%

Related homes

Highlights & common questions: 821 Peake Avenue, Winnipeg

Property Overview: 821 Peake Avenue, Mission Gardens, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 821 Peake Avenue presents a specific and practical value proposition in Winnipeg’s Mission Gardens neighborhood. Its key characteristic is its efficiency: with 792 square feet of living space, it is notably compact compared to most homes on its street, in the area, and across the city. This is balanced by a relatively newer build year (1989) for its context and an assessed value that is competitive, ranking above average on its own street.

The appeal lies in its potential as an affordable entry point into the market or a low-maintenance property. It suits buyers prioritizing financial accessibility over square footage, such as first-time homeowners, investors seeking a rental property, or downsizers looking to reduce living space and upkeep. A thoughtful perspective is that its smaller lot size (3,248 sqft) means less yard work and lower exterior maintenance costs, which can be a hidden benefit for those seeking a simplified lifestyle. While not the largest home, its modern construction date relative to its peers suggests potentially fewer immediate major repairs than older area averages.

Section 2: Frequently Asked Questions

1. Is the assessed value the same as the market value?
No. The assessed value (currently $34,800) is used for calculating municipal property taxes. The market value—what a buyer might pay—is determined by current market conditions and can be higher or lower. The last recorded sale was between $300k-$350k in 2021.

2. How does the smaller living area impact daily life?
The 792 sqft layout requires efficient use of space. It would suit individuals, couples, or those comfortable with compact living. It may feel cramped for families or those needing a home office or multiple dedicated rooms.

3. What does the "newer" build year (1989) actually mean for me?
Built in 1989, this home is newer than many immediate neighbors. This can imply updated building materials, electrical systems, and insulation standards compared to much older homes, potentially leading to lower utility costs and deferred major renovations.

4. Why is the lot size smaller than average?
The lot is 3,248 sqft, which is below average for the street and area. This means a smaller backyard and potentially less privacy from neighbors, but also translates to less time and money spent on landscaping and yard maintenance.

5. How can I find out the exact historical sale prices?
The precise sale prices are not publicly displayed in detail. You can request the exact sold price history by emailing the listing service directly through the provided button on the detail page. They provide this information manually at no cost.

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