Property Summary: 218 Newton Avenue, Winnipeg
Key Characteristics & Appeal
This home is a compact, 644 sqft bungalow built in 1954 on a standard-sized lot in Margaret Park. Its primary appeal lies in its position as an accessible entry point into the Winnipeg market. The assessed value of $250k is notably below the citywide average, suggesting a relatively lower property tax burden and an opportunity for budget-conscious buyers. The lot size is consistent with the local area, offering typical outdoor space for the neighbourhood.
This property would best suit a first-time homebuyer, an investor looking for a rental property, or someone seeking to downsize into a manageable, single-level living space. Its below-average size and value indicate it’s not a luxury offering, but a practical and affordable one. A thoughtful perspective is that its "below average" rankings in size and value are precisely what make it attainable, representing the solid, unassuming housing stock that forms the backbone of many neighbourhoods. It’s a home for those who prioritize financial pragmatism and location over square footage.
Frequently Asked Questions
1. Is the living area too small?
At 644 sqft, the home is significantly smaller than the average Winnipeg house. It requires efficient use of space and would feel cramped for a large family, but is workable for individuals, couples, or as a starter home.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's smaller size, older age, and local market conditions in Margaret Park. A lower assessment typically correlates with lower property taxes, which is a financial advantage.
3. What does the sold price history tell me?
The home sold for an estimated $200k-$250k in 2020. This historical data is a useful benchmark, but the current market value will depend on present conditions, updates made since then, and final sale negotiations.
4. How does the lot size compare?
The 4,681 sqft lot is average for Newton Avenue and Margaret Park. It provides standard yard space for the area but is smaller than the typical lot across the wider city.
5. How can I find out the exact past sold prices?
The exact sale prices are not publicly displayed in detail. As noted on the listing, you can request this information directly via email from the service, which compiles the data manually.