Property Overview: 344 Margaret Avenue, Winnipeg
Key Characteristics & Appeal
This home at 344 Margaret Avenue in Margaret Park presents a distinct profile defined by its modern build date and modest interior space. Built in 1988, it is notably newer than most homes in its immediate area and across Winnipeg, placing it in the top 10% locally for year built. This suggests potentially fewer concerns with aging infrastructure and systems compared to the city's predominantly mid-century housing stock. The lot size is generous for the street, offering above-average outdoor space.
The appeal here is practical and value-oriented. With 802 square feet of living area, the house is compact—ranking below average for size both locally and city-wide. This positions it as an efficient, lower-maintenance property. Its assessed value is consistently around the average for its neighbourhood, indicating a stable, mid-market valuation. This combination suits first-time homebuyers, downsizers, or investors seeking a newer construction home on a good-sized lot without a premium price tag for extensive square footage. It’s a pragmatic choice for those who prioritize a modern foundation and outdoor space over a large interior.
Frequently Asked Questions
1. Is this a small house?
Yes. At 802 sq ft, the living space is below the average for both Margaret Park and Winnipeg overall. It is a compact, efficiently sized home.
2. What does the "newer" build year mean for me?
Built in 1988, the home is significantly newer than many surrounding properties. This typically translates to younger major components (like roofing, wiring, and plumbing), which can mean lower immediate repair costs and modern building standards.
3. How does the lot size compare?
The lot is 4,995 sq ft, which is above average for Margaret Avenue. This means you get more outdoor space than many of your direct neighbours, a valuable asset for gardening, recreation, or future expansion.
4. What is the property's value proposition?
The assessed value is firmly around the neighbourhood average. You are paying a standard price for the area but getting a key advantage in the form of a much newer structure, which is uncommon in this market.
5. Who would this property not suit?
It may not be ideal for buyers who need multiple large bedrooms or extensive indoor living space, as the floor plan is modest. Those seeking a historic character home would also find its late-80s construction differs from the area's older charm.