Property Overview: 273 Margate Road, Winnipeg
Key Characteristics & Appeal
This home at 273 Margate Road in Mandalay West presents a practical and straightforward opportunity. Built in 1985, it is notably newer than most homes on its street, offering modern advantages in infrastructure and potentially fewer immediate maintenance concerns compared to older peers. With 1,040 sqft of living space and a 4,828 sqft lot, its size is consistently average when compared to the immediate street, the broader neighbourhood, and the city, indicating a manageable scale for many lifestyles.
The appeal here is one of balance and value. The assessed value is modest, particularly within the Mandalay West area, suggesting a potentially lower property tax burden and an accessible entry point into the neighbourhood. Its recent sale in the $400k-$450k range aligns with this value proposition. This property would suit first-time buyers seeking a solid, no-frills home in a stable area, or investors looking for a practical rental property with reasonable upkeep. A less obvious perspective is its potential as a "blank slate"—its average metrics and newer build year provide a neutral foundation for renovations or personalization without the constraints or surprises often found in much older character homes.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
The living area is consistently around the average for Margate Road, the Mandalay West neighbourhood, and Winnipeg overall. It’s a standard-sized home for the area, neither particularly large nor small.
2. What is significant about the 1985 build year?
On Margate Road, this home is the newest among its direct peers, ranking in the top 1%. This relative newness for the street can mean updated electrical, plumbing, and building materials compared to older neighbouring houses.
3. Is the assessed value low? What does that indicate?
The assessed value is below the Mandalay West neighbourhood average. This typically points to a lower municipal property tax bill, which is a key ongoing cost. It reflects the home’s market position as a value-oriented option within the area.
4. What was the recent sale history?
The property sold in 2024 for an estimated price between $400,000 and $450,000. For the exact sale price, you can request the information directly via the provided email service on the listing page.
5. Who would this property best suit?
It’s well-suited for buyers prioritizing practicality and value over premium finishes or extra space. First-time homeowners, downsizers, or investors will find its average size, newer construction, and modest tax assessment to be sensible, low-drama fundamentals.