Property Overview: 265 Margaret Avenue, Winnipeg
Key Characteristics & Appeal
This 2018-built home on Margaret Avenue stands out for its modern construction and efficient design. At 1,267 sqft, it offers above-average living space for its immediate area and neighbourhood, providing a comfortable footprint without excessive upkeep. Its most striking feature is its elite-tier assessed value relative to the street and Margaret Park area, suggesting a premium build quality, desirable finishes, or a particularly advantageous lot placement for a newer home. The property suits buyers seeking a modern, move-in-ready home in a well-established neighbourhood, who prioritize newer mechanical systems and contemporary layouts over a large lot. It’s an appealing option for professionals, small families, or downsizers looking for a low-maintenance property with the character of an older community but without the renovation demands of a century home. A thoughtful perspective is that this home represents a "best of both worlds" scenario: it delivers the modern efficiencies and design buyers often seek in new suburbs, but is anchored in the mature landscape of Margaret Park.
Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The home's assessed value ranks in the top 4% on its street and top 3% in Margaret Park. This is likely due to its very recent build year (2018) combined with above-average square footage for the area, indicating premium construction, materials, and finishes compared to the neighbourhood's predominantly older housing stock.
2. What does the sold price history indicate?
Public records show it last sold in 2018 for an estimated CA$100k–150k. To understand its current market value trajectory, requesting the exact sold price history via the provided email service is recommended, as this will give a precise baseline from its original sale.
3. Is the lot size a drawback?
The land area is approximately 4,978 sqft, which is around average for Margaret Park but below average for its specific street. This is a typical trade-off for a newer infill property. It provides adequate outdoor space while contributing to a lower-maintenance yard, which many modern buyers prefer.
4. Who would this home not suit?
It may not be ideal for buyers seeking a very large lot for extensive gardening, expansion, or privacy from neighbours. Those looking for the classic character or architectural details of an older Winnipeg home might also find its modern construction lacks that specific charm.
5. How does it compare city-wide?
While it ranks as elite for its year built and very strong for assessed value locally, its metrics are more average when compared to the entire city. This highlights that its primary appeal is the offering of a significantly newer and well-appointed home within a specific, established neighbourhood context.