Property Overview: 325 Leila Avenue, Winnipeg
Key Characteristics & Appeal
This 1,040 sqft bungalow, built in 1967, presents a solid, average-sized home in the Margaret Park neighbourhood. Its primary standout feature is the land: at 5,787 sqft, the lot size ranks well above average for both the street and the immediate area, offering notable outdoor space and potential. The home’s assessed value and living area consistently place it around the middle range compared to local and city-wide peers, indicating a property that is neither over-improved nor under-sized for its setting. It last sold between $300k-$350k in 2023.
The appeal lies in its grounded, no-surprises profile. It’s a home for those who value a generous lot—a canvas for gardening, expansion, or simply enjoying more private outdoor space than many neighbours. It would suit practical buyers, such as first-time homeowners looking for a manageable footprint with room to grow, or downsizers seeking a single-level layout without sacrificing yard size. Its consistent "around average" metrics suggest a stable, predictable investment in a mature neighbourhood, rather than a flashy or fixer-upper project.
Frequently Asked Questions
1. What does the "above average" lot ranking actually mean?
It means this property’s land area of 5,787 sqft is larger than approximately 76% of comparable lots on Leila Avenue and 74% in Margaret Park, offering a tangible advantage in outdoor space.
2. The assessed value seems low compared to the recent sale price. Why?
Municipal assessed values in Manitoba are for tax purposes and often lag behind market values. The 2023 sale price reflects what a buyer actually paid in the current market.
3. Is the 1967 build date a concern?
The year is typical for the area. While systems like roof, furnace, and windows may need evaluation or updating due to age, the build date is not an outlier and ranks slightly newer than many on its street.
4. How does this home compare to others nearby?
It is very typical in size, value, and age for Margaret Park. Its key differentiator is the larger lot compared to immediate neighbours. Nearby listings, like 299 Newton Avenue, show similar assessed values but can differ in living area and lot size.
5. How can I find out the exact past sale price?
The provided price range is based on public data. The listing service offers to provide the exact sale price via a manual email request, which they aim to fulfill by the end of the same business day.