Property Summary: 437 Leila Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 437 Leila Avenue in Margaret Park is a classic Winnipeg property that represents solid, middle-of-the-market value. Built in 1968, it offers 1,040 sqft of living space on a generous 4,857 sqft lot. The data indicates it is consistently "around average" for its street and neighbourhood in terms of size, lot, and age, suggesting it fits seamlessly into a stable, established community. Its assessed value, however, ranks "above average" within Margaret Park itself, hinting that it may be a well-maintained or favorably positioned home within its immediate area.
The primary appeal lies in its predictability and balance. It’s not an outlier in any category, which can be reassuring for buyers seeking a home that holds its value in line with local norms. The lot size is a notable asset, offering ample outdoor space that is becoming less common in newer developments. This property would suit first-time buyers, downsizers, or pragmatic investors looking for a straightforward, no-surprises home in a mature neighbourhood. It’s for someone who values space and stability over modern finishes or a premium location.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the wider city?
While its assessed value is above average for Margaret Park, it sits around the middle when compared to the entire city of Winnipeg. This suggests you are paying for a solid home in a specific, established neighbourhood rather than a city-wide premium.
2. What does the sale history tell us?
The home sold previously in 2017 and again in 2022, with the price increasing from the $250k-$300k range to the $350k-$400k range. This indicates steady appreciation over that five-year period, consistent with broader market trends.
3. Is the house due for major updates?
Built in 1968, the home is approaching 60 years old. While the systems and structure may be sound, buyers should budget for potential updates to major aging components like the roof, windows, or furnace, which is typical for homes of this vintage.
4. How does the lot size benefit me?
At nearly 5,000 sqft, the lot is larger than many in the area. This provides more privacy, yard space for gardening or recreation, and future potential (like adding a shed or deck) compared to properties on smaller, newer lots.
5. Where can I get more specific data on sold prices or the neighbourhood?
The listing notes that exact sold prices are available upon request via email. For a detailed visual comparison with nearby homes regarding lot size, year built, and value, you can explore the dedicated neighbourhood analysis map linked in the original details.