Property Summary: 365 Leila Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 365 Leila Avenue in Margaret Park is a classic, no-frills property that represents solid value in the Winnipeg market. Built in 1965, it features 1,073 sqft of living space, which is typical for the area. Its standout feature is the land: at 5,766 sqft, the lot size is notably larger than many of its immediate neighbours, offering above-average outdoor space for the street and neighbourhood. The assessed value is modest and in line with area averages.
The appeal lies in its straightforward, grounded offering. It’s a property that doesn’t stand out for luxury or size but offers a manageable footprint on a generous lot. This presents a clear opportunity for buyers who value space for gardens, play, or future expansion over a recently updated interior. It would suit a first-time buyer looking for an affordable entry into the market, a practical investor, or someone seeking a lower-maintenance base with the potential to customize over time. Its average metrics across the board suggest a stable, predictable investment rather than a standout bargain or a premium purchase.
Section 2: Frequently Asked Questions
1. Is the lot size a significant advantage?
Yes. While the house itself is average for the area, the lot is in the top 25-27% for Leila Avenue and Margaret Park. This means more private outdoor space than most comparable properties, which is a fixed feature that can’t be easily replicated.
2. What does the sold price history indicate?
The home sold between $250k-$300k in 2019. This historical price, combined with its current assessed value being in the average range, suggests a property that has tracked steadily with the market rather than experiencing dramatic appreciation or decline.
3. Who might this property not suit?
Buyers seeking a move-in-ready, modernized home or those prioritizing a large interior living space may find it lacking. Its appeal is more for those who see potential in the land and are comfortable with a home that likely requires updates.
4. How does it compare to the city-wide average?
City-wide data shows the living area is smaller than the Winnipeg average, but the assessed value is significantly lower. This highlights that this is a more affordable, compact option compared to the broader city market, which is dominated by larger, higher-value homes.
5. How can I get precise historical sale data?
The exact sold prices are not published publicly. As noted on the listing, you can request this information directly via email from the service, which provides the accurate figures manually without using your contact for marketing.