Property Overview: 397 Leila Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 397 Leila Avenue in the Margaret Park neighbourhood presents a solid, average-sized offering with notable value within its immediate area. Built in 1965, it features 1,040 sqft of living space on a generous 5,505 sqft lot. The data suggests its primary appeal is one of stability and relative value. Its assessed value ranks significantly above average for Margaret Park (Top 22%), indicating it is viewed favorably compared to neighbourhood peers, while its city-wide metrics are consistently around the middle range. This positions the property as a sensible, grounded choice rather than a standout luxury offering.
The home would likely suit pragmatic first-time buyers or investors seeking a straightforward property in an established area without extreme premiums. The above-average lot size for the street offers subtle potential for outdoor space or future expansion relative to nearby homes. Its appeal lies in its unassuming, in-line performance across most metrics, suggesting a lower risk of overpaying for the area. It’s a home for those prioritizing a sound investment in a known quantity over flashy features.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the rest of Margaret Park?
The home’s assessed value is in the top 22% for the Margaret Park neighbourhood, meaning it is considered above average compared to similar local properties. This could indicate better-than-average finishes, condition, or desirability within the community.
2. What is the exact prior sale price?
Public records show a sale between CA$250k–300k in 2017. The listing service offers to provide the exact sold price via email upon request, as they manually verify this data.
3. Is the lot size a significant feature?
At 5,505 sqft, the lot ranks in the top third for size on Leila Avenue. This means the property has more outdoor space than many of its direct neighbours, which can be a advantage for privacy, gardening, or future projects.
4. How does the living space compare to a typical Winnipeg home?
At 1,040 sqft, the living area is slightly below the Winnipeg city-wide average for comparable homes (1,342 sqft) but is very typical for both Leila Avenue and the Margaret Park neighbourhood.
5. Are there similar homes available to compare nearby?
The listing notes a nearby property at 352 Leila Avenue as “worth viewing” for comparison. Several other homes on the same block and properties with identical assessed values in other neighbourhoods are also listed for context.