Property Overview: 348 Margaret Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Margaret Avenue presents a classic Winnipeg character property built in 1921. Its key appeal lies in a generous, above-average lot size for the street, offering more outdoor space than many neighbouring properties. With just over 1,000 square feet of living space and an assessed value significantly below the city average, it positions itself as an accessible entry point into the Margaret Park neighbourhood.
The home suits practical, value-oriented buyers. It’s a match for first-time homeowners willing to put personal touches into an older home, or for investors seeking a property with a solid land ratio in an established community. A less obvious perspective is its potential for someone prioritizing private outdoor space over a larger interior footprint—the lot offers room for gardens, play areas, or expansion, which is a growing priority for many. Its below-average assessment, while reflecting its age and condition, also suggests a corresponding property tax advantage compared to newer or more extensively renovated homes in the city.
Section 2: Frequently Asked Questions
1. What is the exact sold price history?
The public data shows a sale between $250,000 and $300,000 in 2022. The exact sale price is available upon direct request to the site, which provides the figure manually via email.
2. How does the home’s age affect its value and condition?
Built in 1921, it is notably older than most homes on its street and in Winnipeg overall. This typically means potential for character details but also implies a greater need for scrutiny regarding updates to major systems like wiring, plumbing, and insulation. Its assessed value reflects this vintage.
3. Is the lot size a significant advantage?
Yes. The land area of nearly 5,000 sq ft ranks in the top 30% on Margaret Avenue, meaning the property has a larger yard than most directly comparable homes. This is a standout feature for the location.
4. How does it compare to the broader Winnipeg market?
The home’s living area and assessed value are below the city-wide averages. This indicates it is a more modestly sized and valued property compared to the typical Winnipeg home, which often aligns with older core neighbourhoods versus newer suburbs.
5. What can the rankings tell me about this property?
The rankings compare this home to peers on its street, in Margaret Park, and city-wide. They show a profile of an older home on a good-sized lot, with interior space and value that are average or below average for its immediate area but which offer a cost-effective footprint in the wider market context.