Property Overview: 231 Seaforth Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 672 sqft bungalow, built in 1971, sits on a 3,401 sqft lot in Margaret Park. Its key appeal lies in its strong value proposition within its immediate neighbourhood. While the home's size is modest compared to the wider city, it ranks above average for assessed value on its own street, suggesting it is a well-regarded property in a consistent setting. The lot size is typical for Seaforth Avenue, offering a manageable outdoor space.
This property would suit first-time buyers or downsizers seeking an affordable entry into a stable, established neighbourhood without the upkeep of a larger lot or home. It also appeals to value-focused investors or hands-on buyers looking for a home with solid "bones" that they can personalize over time. A less obvious perspective is that its higher assessed value ranking on the street could indicate better-than-average condition or updates relative to its direct peers, making it a prudent choice for someone who wants to minimize immediate major repairs.
Section 2: Frequently Asked Questions
1. How does this home's value compare to others nearby?
On Seaforth Avenue, its assessed value ranks in the top 25% (5th out of 20 homes), meaning it is valued higher than most of its immediate neighbours. Compared to the broader Margaret Park area and Winnipeg overall, however, its value is below average.
2. Is the living space smaller than typical homes?
Yes. At 672 sqft, the living area is below the average for both the Margaret Park neighbourhood and the city. On its own street, it ranks around the average (14th out of 20).
3. What is the history of sold prices for this home?
Public records show it last sold between 2022 for an estimated CA$200k–250k. For the exact historical sold price, you can request the information directly via email from the listing source.
4. How does the lot size compare?
The lot is 3,401 sqft, which is around average for Seaforth Avenue but below average for the larger Margaret Park area and the city.
5. Is the home newer or older than others in the area?
Built in 1971, it is newer than most homes in Margaret Park (ranking in the top 8% for the neighbourhood) and is around the average age for homes city-wide.