Property Overview
429 Leila Avenue presents a solid, middle-of-the-road home in Winnipeg's Margaret Park neighbourhood. Built in 1968, this property doesn't stand out as exceptional in any single metric but offers consistent, average performance across key measures like living space (1,040 sqft) and lot size (4,857 sqft) when compared to its immediate street, neighbourhood, and the wider city. Its appeal lies in its stability and predictability. It’s a home that mirrors the character of its area—unassuming and established. The assessed value of $30,700 places it in a similar bracket, suggesting a property that is financially in line with its peers without unexpected premiums or discounts.
This home would suit a practical, value-conscious buyer. It’s ideal for someone seeking a straightforward entry into homeownership without the volatility or premium price tag of a "top-tier" property. It could also appeal to an investor looking for a stable, average rental property in a consistent neighbourhood, as its metrics indicate little risk of being overvalued. A thoughtful perspective is that a home ranking solidly average across the board can represent a lower-risk purchase; there are no extreme features to drive undue hype or concern, which can mean a smoother appraisal and negotiation process.
Frequently Asked Questions
1. What does it mean that the property ranks "around average" in most categories?
It means that for characteristics like size, lot, and value, this home consistently falls near the middle when compared to similar homes on its street, in Margaret Park, and across Winnipeg. It indicates a property that is typical for its area, not an outlier.
2. How current is the sold price information?
The last recorded sale was between 2017, with a price range of CA$250k–300k. For the exact historical sold price, you must request it directly via email, as only ranges are published publicly.
3. Is the assessed value the same as the market value?
No. The assessed value ($30,700) is for municipal tax purposes. Market value is what a buyer would pay today and is influenced by current market conditions, which can differ significantly.
4. The home was built in 1968. What should I consider?
As a home from the late 1960s, prospective buyers should prioritize a thorough inspection. Key systems like plumbing, electrical, and the roof may be nearing or past their typical lifespan and could require updates or maintenance.
5. How does the lot size compare to newer homes?
At just under 5,000 sqft, the lot is smaller than the current city-wide average for comparable homes (about 6,570 sqft). This is typical for its era and neighbourhood, offering a manageable yard but less space than you might find in newer suburban developments.