Property Overview: 212 Margaret Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This home stands out in its established Margaret Park neighbourhood for being distinctly modern. Built in 2018, it is newer than 99% of homes on its street and in the wider area, offering immediate appeal for those seeking a property without the maintenance concerns or renovation needs of an older house. With 1,267 sqft of living space and a 4,997 sqft lot, it provides above-average room both inside and out for the immediate area, ranking in the top 21% locally for both metrics. Its assessed value is also notably strong for the neighbourhood, placing in the top 13% on Margaret Avenue.
The primary appeal lies in this combination of new construction within a mature, tree-lined community. It suits buyers who want the character and stability of an established area but desire the floorplan efficiencies, building standards, and modern systems of a contemporary build. It’s an ideal match for professionals, small families, or downsizers looking for a move-in-ready home where the major components—roof, furnace, windows—are all still under a decade old. A thoughtful perspective is the long-term value of its lot size; while average for the city, it is a generous parcel for a newer home in this inner-ring suburb, offering valuable outdoor space and future potential that many new builds in infill locations lack.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
Its assessed value of $36,900 is significantly above the local average for both Margaret Avenue ($29,900) and the broader Margaret Park area ($30,500), reflecting its newer construction and larger living area compared to many neighbouring properties.
2. What are the likely benefits of a 2018 build?
You can expect modern building codes, energy-efficient insulation and windows, contemporary electrical and plumbing systems, and minimal immediate repairs. This typically translates to lower maintenance costs and better energy bills in the near to medium term.
3. Is the lot size typical for the area?
Yes. At just under 5,000 sqft, the lot is slightly larger than the average on Margaret Avenue and is very typical for the Margaret Park neighbourhood, offering a balanced yard space that is manageable yet private.
4. What is the historical price context?
Public records indicate it last sold between $150,000 and $200,000 in 2017, which was likely during its construction or initial sale. The exact sold price is available upon request.
5. Who might this property not suit?
Buyers seeking a historic character home with original architectural details, or those looking for a very large lot or the lowest possible price point in the area, may find other properties in the neighbourhood a better fit. This home appeals for its modern comforts within a classic setting.