Property Overview: 227 Margaret Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a compelling blend of a newer build and manageable scale within Winnipeg's Margaret Park neighborhood. Built in 1985, it is a notably modern property compared to most in the immediate area and citywide, offering potential advantages in building materials, layout, and systems. With 934 sqft of living space and a 4,979 sqft lot, the property sits comfortably in the average range for its street and neighborhood, suggesting it fits the local context without being oversized. Its assessed value is consistent with area averages, indicating a stable, established valuation.
The primary appeal lies in its relative modernity and efficient footprint. It suits first-time homebuyers or downsizers seeking a home that likely requires less immediate updating than many older Winnipeg properties. It’s also a practical fit for those who value a standard-sized lot for gardening or outdoor space but prefer to avoid the maintenance of a larger, older home. A thoughtful perspective is that its "average" metrics across the board can be a strength, representing a lower-risk, predictable investment in a neighborhood context without extreme outliers in size or value.
Frequently Asked Questions
1. How does the 1985 build year compare to nearby homes?
This is one of the newer homes in the area. It ranks in the top 13% on its street and the top 4% in the broader Margaret Park neighborhood for year built, meaning it is significantly newer than most comparable properties nearby.
2. Is the living space smaller than average?
Yes, the living area is below the average for the street, neighborhood, and city. This indicates a more compact, efficient layout rather than a sprawling one, which may appeal to those seeking easier maintenance and lower utility costs.
3. What does the assessed value tell us about the property?
The assessed value is firmly around the average for Margaret Avenue and Margaret Park. This suggests the property is valued consistently with its immediate surroundings and isn't an outlier, which can provide stability and a clear benchmark.
4. Can I get the exact historical sale price?
The listed sale price range is based on public data. The exact sale price is available by request via email from the listing service, which they provide manually without using your email for unsolicited marketing.
5. How can I better understand this property's context in the neighborhood?
The listing suggests using the "neighbourhood analysis page" to see the property on a map and compare it directly with nearby houses on metrics like year built, lot size, and assessed value for a detailed visual context.