Property Overview
This home at 310 Newton Avenue in Winnipeg's Margaret Park neighborhood presents a compelling blend of space, value, and location. Its key appeal lies in its generous lot size—ranking in the top 7% on its street—paired with a living area that is above average for the immediate area. Built in 1969, it is a newer home compared to many in Margaret Park. The assessed value is notably high for the street and neighborhood, indicating official recognition of its relative worth, though it aligns more with the city-wide average. This combination suggests a well-situated property with ample outdoor space on a desirable block.
It would particularly suit buyers looking for a established home in a mature neighborhood who prioritize lot size over ultra-modern finishes. It’s also a strong candidate for value-conscious buyers seeking a property with standout characteristics (like lot size and assessed value) within its local context, potentially offering a solid foundation for both living and future investment.
Frequently Asked Questions
How does the assessed value compare to recent sale prices?
The current assessed value is $39,300. The home sold in 2021 for an estimated $400k-$450k. This significant difference is common, as assessed values for tax purposes often lag behind market sale prices. The high assessment relative to neighbors still signals the property is considered valuable by municipal standards.
Is the living space considered large for the area?
At 1,092 sqft, the living area is above average for both Newton Avenue and the broader Margaret Park neighborhood. It ranks in the top 31% on its street, meaning it offers more interior space than most comparable homes nearby.
What does the lot size ranking mean practically?
With a lot of 5,521 sqft ranking in the top 7% on Newton Avenue, this property offers substantially more outdoor space than most of its immediate neighbors. This allows greater potential for gardening, expansions, decks, or simply more private yard space.
The home was built in 1969. Is that old for this neighborhood?
No, it’s actually newer than average. For Margaret Park, the average comparable home was built around 1963, and on Newton Avenue around 1954. This means the home’s major systems and structure may be more recent than those of many surrounding houses.
Why are past sold prices shown as a range?
The ranges are based on publicly available data. To obtain the exact historical sale prices, you must request them directly from the listing service via email. They provide this detail manually to ensure accuracy and to manage data licensing.