Property Overview & Key Characteristics
This 1965-built home on Newton Avenue presents a solid, middle-ground offering in Winnipeg's Margaret Park neighborhood. Its primary appeal lies in its balance and established context. With 1,092 sqft of living space and a 5,013 sqft lot, the property sits consistently around or above the local averages for its immediate street and area, suggesting it's a comfortably sized home for the location without being an outlier. Notably, its assessed value ranks well above average for both Newton Avenue and Margaret Park, which can indicate a perception of stable value or desirable attributes not fully captured by the basic metrics.
The home would likely suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a established neighborhood character over a brand-new build. It’s for someone who sees a 1960s home not as dated, but as a proven structure with room for personal updates. The above-average lot size is a subtle advantage, offering more outdoor space than many neighboring properties, which appeals to those envisioning gardening, expansion, or simply more private yard space.
Frequently Asked Questions
How does this home’s value compare to the area?
Its assessed value is notably above the average for both Newton Avenue and the wider Margaret Park area, ranking in the top 30% of comparable properties. This suggests the municipal assessment views it favorably relative to its neighbors.
What is the typical price range for homes on this street?
Based on available data, recent sales on Newton Avenue have fallen within the CA$350k–400k range. The exact sold price for this specific property can be obtained by request.
Is the lot size a significant feature?
Yes. At over 5,000 sqft, the lot ranks above average for the street, offering more outdoor space than many nearby homes. This provides greater potential for landscaping, recreation, or future additions where zoning allows.
How does the living space compare to nearby homes?
At 1,092 sqft, the living area is modestly larger than the average for comparable homes on Newton Avenue (~988 sqft) and in line with the Margaret Park average.
What might the year built (1965) mean for a buyer?
A home from this era typically features straightforward layouts and durable construction. Buyers should budget for potential updates to major aging components, like roofing or plumbing, while appreciating the character and mature landscaping that comes with an established property.