Property Overview
302 Newton Avenue presents a well-situated home in Winnipeg's Margaret Park neighbourhood. Its primary appeal lies in offering above-average space and land size for its immediate area, providing a sense of value and potential within a mature community.
Key Characteristics & Appeal
This 1966-built bungalow features 1,220 sqft of living space and sits on a 5,219 sqft lot. The data reveals its standout features: its living area is in the top 17% for Newton Avenue, and its lot size is in the top 10%, meaning it offers more room both inside and out than most direct neighbours. Its assessed value also ranks highly for the street, suggesting it is perceived as a solid asset within the local market context.
The property suits practical buyers looking for a home with room to grow, garden, or simply enjoy more private outdoor space than is typical for the street. It’s a fit for those who value established neighbourhoods and see potential in a home from the 1960s, possibly as a long-term hold or a candidate for gradual updates. A less obvious perspective is that its strong rankings on its own street indicate it may be a relatively premium offering in this specific micro-area, which could contribute to stability and neighbourly pride, even if its city-wide metrics are more average.
Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows it consistently outperforms the average home on Newton Avenue in key categories like living area, lot size, and assessed value, making it a larger and more valuable property within its immediate peer group.
2. What does the assessed value tell me?
The assessed value of $34,400 is used for municipal tax calculation. Its ranking in the top 14% on its street and top 22% in Margaret Park indicates the city assesses it as a higher-value property compared to many close neighbours, though this is not a direct market appraisal.
3. The home was built in 1966. What should I consider?
While newer than many homes on its street (top 24%), a 60-year-old home will likely have had major systems updated over time. A thorough inspection is essential to understand the condition of the roof, plumbing, electrical, and foundation.
4. How can I find out what it last sold for?
The listing indicates a sale occurred between 2019-2025 for an estimated $250k-$300k. For the exact sale price and history, you must request the information directly via the provided email service on the listing page.
5. What is the neighbourhood like for day-to-day living?
Margaret Park is a mature, established neighbourhood. The specific location on Newton Avenue shows a concentration of homes from the mid-20th century, offering a quiet, residential setting. Reviewing the neighbourhood analysis map linked in the listing is recommended to see nearby amenities and the makeup of surrounding properties.