Property Overview
This home at 338 Margaret Avenue presents a compelling blend of space, modernity, and location within Winnipeg's Margaret Park neighborhood. Its key appeal lies in its above-average living area of 1,358 sqft, which ranks in the top 10% for its street and top 7% within the local area, offering more interior space than most comparable homes nearby. Built in 1977, it is a newer construction relative to many homes in the area, potentially meaning fewer concerns with aging infrastructure. The assessed value is solidly above average for the immediate vicinity.
However, the perspective shifts when considering the land. The lot size is below average for the street, neighborhood, and city, which may limit expansive outdoor projects but also translates to less yard maintenance. This property would ideally suit practical buyers who prioritize generous indoor living space and a relatively modern build over a large yard. It’s a strong fit for young families, professionals, or downsizers seeking a comfortable, move-in-ready home in a well-established community without the upkeep of a massive lot.
Frequently Asked Questions
1. How does the home’s size truly compare to others?
With 1,358 sqft of living area, this home is notably larger than most in the immediate area. It outperforms about 90% of homes on Margaret Avenue and 93% in the broader Margaret Park neighborhood for interior space.
2. What are the implications of the below-average lot size?
The lot is smaller than typical for the area. This likely means a more manageable yard for maintenance but less private outdoor space. It’s a trade-off that prioritizes the home’s interior footprint over its land footprint.
3. Does "newer" construction (1977) offer real advantages?
Yes, especially in an older city. Being built decades after many area homes suggests potentially updated electrical, plumbing, and insulation standards, which can mean lower immediate repair costs and better energy efficiency.
4. How stable is the property’s value in this location?
The assessed value is above the local average, indicating it’s viewed favorably relative to its neighbors. Its last sale was in the 2021 market; a current market evaluation is essential to understand its price in today’s conditions.
5. Where can I see more detailed local data and comparisons?
The listing suggests using a “neighbourhood analysis page” to see this property on a map and compare it directly with nearby homes on metrics like year built, size, and value. For exact historical sold prices, you must request the information directly from the site.