Property Overview: 218 Margaret Avenue
Key Characteristics & Appeal
This home is defined by its generous proportions and established location. Its primary appeal lies in offering above-average living space (1,444 sqft) on a larger-than-average lot (4,997 sqft) for the immediate street and Margaret Park neighbourhood. This combination is well-suited for buyers seeking room to grow, garden, or simply enjoy more private outdoor space without moving to the city's newer suburbs.
The house itself, built in 1918, is a classic Winnipeg character home. Its assessed value is consistently around the average for its area, suggesting it is priced in line with market expectations for a well-maintained property of its vintage. Recent sale history indicates steady demand. This property would best suit a buyer who values space and character over new construction, and who is prepared for the realities and rewards of owning a century-old home. It’s a practical choice for those looking to put down roots in a mature neighbourhood, offering more interior and land space than many nearby comparables.
Frequently Asked Questions
1. What does the "below average" ranking for Year Built mean?
This simply indicates the home is older than most in its comparison groups. Built in 1918, it is a character home. This ranking is a neutral data point; it highlights the property's vintage, which can be a source of charm but also implies a different maintenance profile than a newer build.
2. The assessed value seems low compared to the city-wide average. Why?
The city-wide average assessed value shown ($390k) includes all property types across Winnipeg. The more relevant figures are the local averages for Margaret Avenue ($29.9k) and Margaret Park (~$30.5k), which this home aligns with. Assessment values are for municipal tax purposes and do not directly represent market sale price.
3. How can I find out the exact past sale prices?
The provided sale price ranges are based on public data. As noted on the detail page, you can request the exact historical sold prices by emailing the site administrators, who provide this information manually without marketing spam.
4. What are the implications of such a large lot size?
A lot size that is "above average" for the street offers valuable potential. This could mean more yard space, better privacy, room for additions or landscaping, and possibly greater future value as larger lots become scarcer in established neighbourhoods.
5. Who might this home not be suitable for?
Given its age, it may not suit buyers looking for a modern, maintenance-free home or those unwilling to potentially manage renovations or updates that come with a century-old structure. It also may not appeal to those prioritizing the very latest in open-concept layouts and building materials.