329 Leila Avenue

Property Overview: 329 Leila Avenue, Winnipeg

Key Characteristics & Appeal

This home at 329 Leila Avenue in the Margaret Park neighbourhood presents a compelling opportunity centered on its generous lot size and solid value within its community. Built in 1965, the 1,234 sqft house sits on a notably large 6,944 sqft parcel of land, ranking in the top 9% for lot size in Margaret Park and the top 7% on Leila Avenue itself. This is the property's standout feature, offering significant outdoor space and future potential in a city-wide context where such large lots are becoming less common.

Its appeal is grounded in being a well-sized, established home in a mature neighbourhood. The assessed value is above average for Margaret Park (top 7%), suggesting it is viewed favorably relative to immediate neighbours, while being more average in broader city comparisons. A sale in the $400k-$450k range in 2023 indicates strong recent market interest. This property would suit practical buyers looking for space over flash—perhaps a family valuing a large yard, a homeowner interested in future expansion, or an investor attracted by the underlying land value in a stable area. It’s a home for those who see potential in a solid, no-frills foundation rather than a move-in-ready showcase.

Frequently Asked Questions

1. What is the most significant feature of this property?
The most significant feature is the land itself. At nearly 7,000 sqft, the lot size is substantially larger than the average for both the street and the neighbourhood, offering rare outdoor space and flexibility.

2. How does this home compare to others in the area?
The data shows a mix: its living space is above average for the local area, its assessed value is strong for Margaret Park specifically, and its lot is exceptionally large. It is a classic, older home that competes well on key practical metrics within its immediate community.

3. What might the 2023 sale price indicate?
The $400k-$450k sale price suggests the market recently recognized a premium value, likely tied to the desirable lot size and the home's condition at that time. It’s a useful benchmark, but viewing the property’s current state is essential.

4. Who would this property best suit?
It would best suit a buyer who prioritizes land and space, and is comfortable with a home from the 1960s. It’s ideal for someone with renovation or expansion plans, or who simply wants a larger, private yard than is typically available.

5. How can I get the exact historical sold prices?
The exact sold prices are not published publicly. You can request the precise figures by emailing the listing service directly through the provided form; they provide the information manually without using your email for marketing.