Property Overview: 342 Margaret Avenue
Key Characteristics & Appeal
This home presents a straightforward, mid-century offering in Winnipeg's Margaret Park neighborhood. Built in 1964, its 1,088 sqft living space and $30,300 assessed value are consistently "around average" when compared to its immediate street, the wider neighborhood, and the city. This statistical consistency is a key characteristic: it suggests a property that is neither an outlier nor a fixer-upper in its local context, but a standard, established home in the community.
Its primary appeal lies in its stability and predictability within a mature neighborhood. The lot, while below average in size for the area at 3,996 sqft, still provides reasonable outdoor space. Recent sale activity indicates steady market interest. This property would best suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a move-in-ready home in a settled area over standout features or a massive yard. It’s for someone seeking a sensible entry into the market without unexpected extremes, good or bad.
Frequently Asked Questions
1. What does it mean that most metrics are "around average"?
This indicates the home is typical for its specific location. You are unlikely to be overpaying for premium features, nor are you finding a hidden gem priced below its condition. It represents a market-standard offering.
2. The lot size is noted as "below average." Is this a major concern?
While smaller than many in Margaret Park, the lot is still nearly 4,000 sqft. It may limit expansive landscaping or large additions but likely offers ample space for a patio, garden, and parking without excessive maintenance.
3. How recent are the sales records, and why are prices shown as a range?
The latest sale recorded is in the 2024 range of $300k-$350k, with a previous sale in 2017. Ranges are based on publicly available data; the exact sale price can be requested directly from the site to ensure accuracy for serious comparison.
4. The home is over 60 years old. What should I expect?
As a home from the 1960s, expect standard upkeep for its age. While systems like roof, furnace, or windows may have been updated over time, a thorough inspection is essential to understand the condition of major components and any needed maintenance.
5. How does the assessed value relate to the likely selling price?
In Winnipeg, the assessed value (for municipal tax purposes) is often significantly lower than market value. The recent sale price range is a much more accurate indicator of current market value than the $30,300 assessment.