Property Overview: 365 Margaret Avenue
Key Characteristics & Appeal
This home presents a compelling blend of space, value, and location within Winnipeg's Margaret Park neighborhood. Its primary appeal lies in its above-average metrics compared to its immediate surroundings. The 1,308 sqft living area is notably larger than most homes on Margaret Avenue and within the wider neighborhood, offering more interior room than typical comparables. This is matched by an expansive 5,979 sqft lot, which ranks in the top 6% on its street, providing significant outdoor space rarely found in older core areas.
Built in 1972, the property is newer than many in the area, potentially suggesting updates in systems or layout compared to mid-century builds. The assessed value consistently ranks above average for both the street and neighborhood, indicating a perceived solid value proposition. Recent sold price data shows strong market performance.
This property would suit buyers looking for a spacious family home on a large lot without venturing to the distant suburbs. It’s ideal for those who value room to grow, garden, or play, and who appreciate a home that stands out in its local context for size and relative modernity. It also represents a practical choice for someone seeking a home that has historically held its value well within its community.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
It is significantly larger than average for both Margaret Avenue and the Margaret Park neighborhood. The living area ranks in the top 17% on the street and top 9% in the area, meaning it offers more interior space than roughly 90% of comparable local homes.
2. Is the lot size a notable feature?
Yes. The lot of nearly 6,000 sqft is a standout attribute, ranking in the top 6% on its street. This provides a much larger yard than is common for the area, a key advantage for privacy, recreation, or gardening.
3. What does the assessed value ranking indicate?
The home’s assessed value consistently places in the top 15% on its street and top 8% in Margaret Park. This suggests the property is considered more valuable than the majority of its direct peers, which can be a marker of its condition, features, or desirability within the local market context.
4. The home was built in 1972. Is that considered old for this area?
No, it’s actually newer than average. Many homes in Margaret Park and on Margaret Avenue were built in the 1950s and early 1960s. A 1972 build date places this home above average in age ranking, potentially offering more modern construction or layout elements.
5. Where can I see more detailed comparisons with neighboring properties?
You can open the dedicated neighbourhood analysis map to view this property alongside nearby houses, comparing year built, living area, assessed value, and lot size in a detailed visual format. A link is provided in the full property details.