Property Overview: 27 Margolis Place, Winnipeg
Key Characteristics & Appeal
This home at 27 Margolis Place in the Meadows neighbourhood presents a compelling case for value-focused buyers, particularly those who prioritize land. Built in 1987, the 1,040 sqft house offers living space that is typical for its immediate street and area. Its standout feature is the generous 9,562 sqft lot, which ranks in the top 4% of all properties in the Meadows, offering significant outdoor space and potential relative to local norms.
The appeal lies in this land-to-house ratio. While the home itself is modest and of average size for the community, the lot size is a considerable asset, providing room for gardening, expansion, or simply more private outdoor living. The property’s assessed value is consistent with the local area, suggesting a stable, no-surprises valuation. It last sold between $250k-$300k in 2020.
This property would best suit a practical buyer—perhaps a first-time homeowner, a downsizer, or an investor—who sees value in the land itself. It’s for someone comfortable with a home that may require updates (given its age) but who recognizes the long-term advantage and rarity of a larger lot in a settled neighbourhood. It’s less about immediate luxury and more about foundational value and future potential.
Frequently Asked Questions
1. Is the lot size unusual for the area?
Yes. The lot is approximately 9,562 sqft, which is significantly larger than the Meadows neighbourhood average of about 5,372 sqft, placing it in the top 4% locally.
2. How does the home’s size compare?
The 1,040 sqft living area is fairly standard. It’s slightly above average for its specific street but a bit below the broader city average, indicating a compact, efficient floor plan.
3. What does the assessed value indicate?
The $36,900 assessed value is squarely in line with averages for both the street and the Meadows neighbourhood, reflecting a stable, mid-range valuation for tax purposes within this community.
4. When was it last sold and for how much?
The property was sold in 2020. The public price range is between $250,000 and $300,000. For the precise sale price, you can request the exact figure via email from the listing source.
5. What is the neighbourhood context like?
It’s a mature, established street. The data shows homes on Margolis Place were built around the same period (late 1980s), and this property’s characteristics are generally typical of the street, with the notable exception of its larger-than-standard lot.