Property Overview: 830 Peake Avenue, Mission Gardens, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 830 Peake Avenue stands out in its Mission Gardens neighbourhood for its modern build and efficient size. Constructed in 2014, it is notably newer than most homes on its street and in the wider area, ranking in the top 2-4% locally for its year of build. This translates to a potentially lower maintenance burden and modern building standards.

With 1,170 sqft of living space, the home offers above-average roominess for its immediate street and is on par with the typical Mission Gardens home. Its assessed value is strong for the local context, ranking in the top 8% on Peake Avenue. The lot size of 3,748 sqft is modest compared to area and city averages, suggesting a more manageable yard with less upkeep.

The appeal lies in acquiring a relatively contemporary property in an established neighbourhood. It suits buyers seeking a move-in-ready home without the concerns of an older structure, and who prefer a lower-maintenance yard. It’s a practical choice for first-time buyers, small families, or downsizers looking for modern comforts within a mature community. A thoughtful perspective is that while the lot is smaller, it represents an opportunity for those who value their time and prefer gardening or outdoor care to be a smaller weekend task rather than a major chore.

Section 2: Frequently Asked Questions

1. How does the 2014 build date affect potential costs?
A newer home like this typically means major systems (roof, furnace, windows) are further from needing replacement compared to older neighbourhood averages. This can offer significant medium-term savings on capital repairs and may also result in better energy efficiency.

2. The assessed value seems low compared to the city-wide average. Why?
The city-wide average assessed value is skewed by higher-value homes across all neighbourhoods. This property’s assessment is actually above average for both its street and the Mission Gardens area, indicating it is valued favorably within its local market context.

3. What does the sold price history indicate?
The home sold in the $450k-$500k range in 2023. This sale price ranked in the top 11-12% for the local area at that time, demonstrating that the market has consistently valued this property well above its assessed value for tax purposes.

4. Is the smaller lot size a disadvantage?
It depends on your lifestyle. While it offers less space for expansive gardens or additions, it requires less time and money for maintenance like mowing and landscaping. For many, this is a desirable trade-off for a newer home in a convenient location.

5. Who are the most likely neighbours in terms of housing styles?
You will be alongside a mix of homes, many built decades earlier (the street average year built is 1975). This means the streetscape has mature trees and established character, with this property being one of the most modern on the block.