Property Summary: 317 Leila Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 317 Leila Avenue in Margaret Park is defined by its generous scale and strong standing within its immediate neighborhood. Its primary appeal lies in its substantial 2,304 sqft of living area, which ranks in the top 1% for both its street and the wider Margaret Park area. This means it offers significantly more interior space than most comparable homes nearby. The lot size is also notably above average for the locality. While its 1966 build date is typical for the area, the home’s assessed value is in the elite top 3% for Margaret Park, suggesting it is a higher-value property within this specific community.
This property would best suit buyers looking for a spacious, established home in a mature Winnipeg neighborhood. It appeals to those who prioritize room to grow over a brand-new build and who value a home that stands out in its local context for its size and perceived value. A thoughtful perspective is that this home represents an opportunity to own a property that is a statistical outlier in its own community—offering a rarity of space that is not commonly available on the market in this specific area.
Section 2: Frequently Asked Questions
1. How current is the sold price information?
The listed sale from 2021 (CA$400k–450k) is a range based on available public data. For the exact historical sold price, you can request it directly via email from the listing source.
2. What do the rankings and "top X%" figures mean?
These metrics show how this property compares to similar homes in three categories: on its street (Leila Ave.), in its neighborhood (Margaret Park), and city-wide. For example, being in the "top 1%" for living area in Margaret Park means 99% of comparable homes in that area are smaller.
3. Is the assessed value the same as the market value?
No. The assessed value (listed as $40.30k) is for municipal tax purposes. The market value, or what a buyer would pay, is different and is influenced by current market conditions, the home's condition, and recent sale prices of similar properties.
4. What is the neighborhood like?
The home is in the Margaret Park neighborhood. The data suggests it's an established area with homes primarily built from the 1960s onward, where this property is among the larger and more highly assessed homes.
5. Why is the city-wide assessed value ranking lower than the neighborhood ranking?
While the home's assessed value is in the top 3% for Margaret Park, it ranks around average (top 38%) city-wide. This indicates that while it's a higher-value home for its specific area, assessed values across all of Winnipeg include a wide range of property types and values, from condos to newer luxury homes in different suburbs.