Property Overview: 245 Newton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 245 Newton Avenue in Margaret Park is a practical, no-frills property that represents a straightforward entry point into the Winnipeg market. Its key characteristic is its modest scale, with a 786 sqft living area that is notably smaller than most comparable homes in the area, city, and even on its own street. This is balanced by a decently sized lot of just over 4,700 sqft, offering potential outdoor space that the interior lacks.
The appeal lies in its affordability and efficiency. With an assessed value significantly below the city average, it presents a lower barrier to entry. The 1955 build date suggests a home with classic, simple construction. It would suit a first-time buyer, an investor looking for a manageable rental property, or someone seeking to minimize their living footprint without sacrificing yard space. A less obvious perspective is that its smaller interior and average assessment for the street could mean lower utility and tax burdens relative to the neighborhood, appealing to those focused on cost-certainty. Its value is in the land and location more than the existing structure.
Section 2: Frequently Asked Questions
1. Is the house in need of major updates?
Given its age (built in 1955), buyers should budget for potential updates to major systems like plumbing, electrical, or the roof. The interior size suggests a layout typical of its era, which may feel compartmentalized compared to modern open-concept designs.
2. How does the property's value compare?
The home's assessed value is around average for Newton Avenue and Margaret Park but is well below the average for the entire city. This indicates you are paying primarily for the neighborhood location and lot, not for a large or modernized house.
3. What is the potential for expansion or renovation?
The lot size is a key asset here. At 4,711 sqft, it is larger than many in the immediate area, providing a tangible opportunity for a future addition, garden, or outdoor living space that the current living area does not offer.
4. What were the recent sale details?
Public records show it last sold between 2019 and 2025 for an estimated CA$200k–250k. For the exact historical sale price, you must request the information directly from the listing service via email, as they provide that detail manually.
5. Who are the typical neighbors?
Looking at nearby properties with similar assessed values, this home sits among a mix of other modest, mid-century houses. The comparable listings suggest a stable, established community without extreme highs or lows in property scales or values.