Property Overview: 372 Margaret Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 372 Margaret Avenue in the Margaret Park neighbourhood presents a solid, middle-of-the-road offering with a few standout features. Built in 1970, it is notably newer than many homes on its street and in the immediate area, which may suggest fewer concerns related to aging infrastructure. The lot size of over 5,300 sqft is a significant asset, ranking well above average for Margaret Avenue, offering ample outdoor space for gardening, play, or future expansion that is harder to find in many city neighbourhoods.
Its appeal lies in its balance. The living area (1,129 sqft) and assessed value are consistently around the average for its local context, indicating a home that fits the established market without extremes. The recent sale price range (CA$350k–400k in 2024) suggests it is perceived as a stable, move-in-ready property rather than a fixer-upper or a luxury purchase.
This property would best suit pragmatic buyers—perhaps first-time homeowners, small families, or downsizers—who value a generous yard and a relatively newer build within a mature neighbourhood. It’s for someone seeking a straightforward home in a settled area without the premium price tag of a top-tier lot or the potential headaches of a much older property.
Section 2: Frequently Asked Questions
1. How does this home’s 1970 build year compare to the area?
It is newer than the neighbourhood average. Most comparable homes in Margaret Park were built around 1955-1963, so this home may have updates or systems that are a decade or more younger.
2. Is the lot size a major advantage?
Yes, particularly on this street. The lot is in the top 15% for size on Margaret Avenue, offering more private outdoor space than most direct neighbours—a valuable perk for privacy and recreation.
3. What does the sold price range from 2024 tell us?
It confirms the home is positioned in the market’s mid-range. The price aligns with it being a comfortable, established property rather than an undervalued project or a premium showcase home.
4. Are the property taxes likely to be high?
The assessed value is around the average for the area, so property taxes should be fairly typical for Margaret Park. They are not likely to be unusually high or low.
5. How does this home fit into the wider Winnipeg market?
City-wide, this home is average in size and value. Its appeal is specifically local, offering the space and newer build within a specific neighbourhood context that may provide more value than a similar-priced home in a different area.