201 Margaret Avenue

Property Overview: 201 Margaret Avenue, Winnipeg

Key Characteristics & Appeal

This home presents a distinct value proposition centered on its generous lot. Built in 1921, the 1,140 sqft house sits on a 6,844 sqft property—a lot size that ranks in the top 3% on its street and top 10% in the Margaret Park neighbourhood. This offers exceptional outdoor space potential in a city-wide context. The home’s assessed value is notably below local and city averages, suggesting an opportunity for buyers comfortable with a character home that may require updates.

Its primary appeal lies in this combination of a large, established lot and a lower entry point relative to the area. It suits practical buyers looking for space to grow—whether for gardening, expansion, or future development—rather than immediate move-in perfection. It’s a fit for those who see value in land over a modernized interior, or for an investor-builder eyeing the lot’s potential. The recent sale in the $200k-$250k range reinforces its position as an accessible option in the market.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
Assessed value is for municipal tax purposes and is influenced by the age of the home (1921), its condition, and recent sales of comparable properties. A lower assessment often reflects the home’s older construction and can mean relatively lower property taxes.

2. What does the lot size ranking actually mean for me?
Ranking in the top 3% on the street for land area means this property is one of the largest on the block. It provides more privacy, yard space, and future flexibility than most nearby homes, which is a permanent advantage that can’t be easily replicated.

3. Is a 105-year-old home a major concern?
It requires a thorough inspection. While it offers character, key systems like plumbing, electrical, and the foundation may need evaluation or updating. This is typical for homes of this era and is often factored into the pricing.

4. How does the living area compare to nearby homes?
At 1,140 sqft, the living space is slightly above the average for both Margaret Avenue and the Margaret Park neighbourhood, but is modest by wider Winnipeg standards. The balance here is more living space than some immediate neighbours, but less than the city average.

5. Can I get the exact historical sale price?
The public data shows a sold price range. The exact figure is available by request from the listing source, as they manually provide this detail to ensure accuracy beyond the public estimates.