Property Overview: 283 Newton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,000 sqft bungalow, built in 1966, presents a solid opportunity in Winnipeg's Margaret Park neighbourhood. Its primary appeal lies in its balanced profile and the value of its lot. While the living space is average for the immediate street and area, the property stands out for its larger-than-average land area (over 5,000 sqft) on Newton Avenue, offering above-average outdoor space and potential. The assessed value is strong for the street, suggesting the property is in good standing relative to its closest peers.
This home would suit a practical buyer—perhaps a first-time homeowner, downsizer, or investor—who values a stable, established neighbourhood. It’s for someone who sees potential in the generous lot size, whether for gardening, expansion, or simply having more breathing room than typical area properties. The 1966 build date is newer than many on the street, which may imply fewer immediate major updates compared to much older homes, but buyers should still budget for maintenance consistent with a home of this age.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The assessed value is above average for Newton Avenue itself (ranking in the top 24%), indicating it is likely well-maintained or has features that place it at a higher value than many direct neighbours. Compared to the wider city, its assessment is around the middle range.
2. What does the lot size mean for me?
At just over 5,000 sqft, the lot is larger than most on Newton Avenue (top 22%). This provides more private outdoor space than typical and could be a long-term asset for additions, a larger garage, or landscaping, subject to local zoning.
3. The home sold between $250k-$300k in 2019. What should I consider today?
That price range provides a historical benchmark. Current value will be influenced by market conditions since 2019, the property’s updated condition, and recent comparable sales in Margaret Park. It’s a starting point for research, not a current valuation.
4. Is the 1966 build date a concern?
While newer than the street average (1954), a 60-year-old home will still require diligent inspection of major aging components like the roof, windows, plumbing, and electrical systems to anticipate upcoming maintenance or needed upgrades.
5. Who are the most likely competing buyers?
Given its profile, competition may come from buyers seeking a manageable-sized home on a good-sized lot without a premium price. This includes practical first-timers, those looking for a long-term hold with land value, and possibly builders or renovators attracted by the lot’s potential relative to the street.