840 Peake Avenue

Mission Gardens, Winnipeg

Property score

71.3

Good

Overall 71.3 · Larger but older than most nearby homes

1,548 sqft (top 13%) · Built in 1972 (16 yrs older 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, 3 healthcare facilitys, 2 shops, and 4 parks nearby

Living Area

Above average

33% larger than neighborhood avg.

Year Built

Below average

16 yrs older 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

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

71.3 is composed by the two sections below.

Property Score

71.7Good
Living Area1,548 sqft79Good
Year Built197258Fair
Lot Size5,998 sqft74Good
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

Elite
1,548 sqft
0255075100
Same streetTop 4%Same areaTop 13%CitywideTop 28%
Same street · Peake Avenue
#1 / 24
Top 4% · Avg 949 sqft
Same area · Mission Gardens
#184 / 1,366
Top 13% · Avg 1,162 sqft
Citywide · Winnipeg
#54,271 / 194,458
Top 28% · Avg 1,342 sqft

Tax-Assessed Value

above average
367k
0255075100
Same streetTop 13%Same areaTop 47%CitywideTop 48%
Same street · Peake Avenue
#3 / 24
Top 13% · Avg 321.1k
Same area · Mission Gardens
#636 / 1,366
Top 47% · Avg 373.4k
Citywide · Winnipeg
#93,241 / 194,458
Top 48% · Avg 390.1k

Year Built

around average
1972
0255075100
Same streetTop 50%Same areaBottom 6%CitywideTop 45%

Lot Size

above average
5,998 sqft
0255075100
Same streetTop 8%Same areaTop 25%CitywideTop 32%

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

840 Peake Avenue — 18 amenities found within 500 m, across 8 categories, including 4 dining (nearest 279 m), 3 healthcare (nearest 402 m), 2 shopping (nearest 212 m).

Search radius
🍽️Dining4
🏥Healthcare3
🛒Shopping2
🌳Parks4
💪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 5/2020CA$300k–350k
Sold price

Same street

Top 44%

Same area

Top 47%

City-wide

Bottom 48%

Related homes

Highlights & common questions: 840 Peake Avenue, Winnipeg

Property Overview

840 Peake Avenue is a well-established home in Winnipeg's Mission Gardens neighbourhood, built in 1972. Its standout feature is its generous proportions, offering more space than most comparable homes in the immediate area. The property presents a compelling case for buyers seeking a balance of interior space and outdoor potential.

Key Characteristics, Appeal & Ideal Buyer

The primary appeal of this home lies in its above-average scale. With 1,548 square feet of living area, it ranks in the top 4% on its own street and the top 13% within Mission Gardens, offering significantly more interior space than many neighbouring properties. This is complemented by a large 5,998 sqft lot, which is also well above the local average, providing ample room for gardening, recreation, or future expansion.

Its assessed value is positioned around the neighbourhood average, suggesting the current pricing may reflect the home’s age rather than its physical footprint. This creates an interesting value proposition: you are acquiring a property with space metrics that typically command higher prices, but within a mature, settled community. The home last sold between $300k-$350k in 2020.

This property would best suit a practical buyer who prioritizes space and land size over a modern, turn-key home. It’s an ideal candidate for a growing family needing room, a DIY enthusiast looking to customize an older home, or an investor who sees value in the substantial lot size for future potential. It appeals to those who understand that a home from the 1970s may require updates but offers a rare amount of space for the area.


Frequently Asked Questions

1. How does the home’s age affect its value and condition?
Built in 1972, the home is older than most in Mission Gardens. While this can mean maintenance or update considerations, it also often correlates with larger lot sizes and established neighbourhoods, which are part of this property's appeal.

2. The assessed value seems low compared to the sold price history. Why?
The assessed value for taxation purposes ($36,700) is not a market valuation. It is often lower and follows a different formula. The 2020 sale price range of $300k-$350k is a more relevant indicator of its market value.

3. What does the "top 4%" ranking for living area actually mean?
This statistic means that, among the 24 comparable homes on Peake Avenue, 840 Peake Avenue has the largest living area. It has 1,548 sqft, while the average on the street is only 949 sqft, making its interior space a dominant feature.

4. Is the large lot size a common feature in this area?
No, it's a distinguishing advantage. The lot is nearly 6,000 sqft, placing it in the top 8% on its street and the top 25% in Mission Gardens. This is a significant asset for privacy, outdoor living, or future projects.

5. How can I find out the exact historical sale price?
The exact sold prices are not publicly displayed online. You can request this information directly via the "Get exact sold price history" feature on the listing page by providing your email address. The service is manual but provided without marketing spam.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.