Property Overview: 241 Newton Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, mid-century home built in 1955, situated on a standard-sized lot in the Margaret Park neighbourhood. Its primary appeal lies in its affordability and position as a practical entry point into the Winnipeg housing market. At 784 sqft, the living space is compact—ranking below the local, area, and city averages—making it a true starter home or a solid investment property. The assessed value is proportionally lower, reflecting the home's scale, and it last sold in the $250k-$300k range in 2022.
The property suits first-time buyers prioritizing location and lot ownership over square footage, or investors looking for a manageable rental. A thoughtful perspective is that its "below average" size and value within its contexts are not necessarily drawbacks, but rather define its niche: it offers lower property taxes and less maintenance than larger comparables. It represents a chance to secure a detached home in a mature neighbourhood without the premium of a larger or renovated property.
Frequently Asked Questions
1. Is this house particularly small?
Yes. At 784 sqft, it is smaller than most homes on its street, in Margaret Park, and across Winnipeg. This is the defining characteristic of the property and is reflected in its price and assessed value.
2. What type of buyer is this best suited for?
It is ideally suited for a first-time homebuyer with a modest budget or an investor seeking a straightforward, lower-maintenance rental property. It is less suitable for those requiring significant living space.
3. How does the assessed value compare?
The assessed value of $27,200 is around average for Newton Avenue but below average for the wider Margaret Park area and the city. This suggests the property is valued in line with its immediate location but is a more affordable option within the broader market.
4. When was it last sold and for roughly how much?
The home was sold in 2022. Public data indicates the sale price was in the range of $250,000 to $300,000.
5. How can I find out the exact historical sale prices?
The exact sold prices are not published publicly. You can request this detailed history directly via the provided email service on the listing page, which manually supplies accurate figures.