Property Overview & Appeal
369 Margaret Avenue is a well-situated home in Winnipeg's Margaret Park neighbourhood, presenting a balanced and practical opportunity. Its key characteristics are defined by how it compares locally. The 1,096 sqft living space and 4,983 sqft lot are both squarely average for the street and area, offering comfortable, standard proportions without extremes. A notable strength is its assessed value, which ranks in the top 19% on Margaret Avenue and top 12% in Margaret Park, suggesting the property is viewed favorably by assessors relative to its immediate peers. Built in 1965, it's a mature home typical of the area.
The appeal lies in its established neighbourhood setting and its position as a solid, middle-ground property. It’s not the largest or newest on the block, but its above-average assessment ranking hints at good underlying value or condition within its context. This home would suit a pragmatic buyer—perhaps a first-time homeowner or a downsizer—who prioritizes a stable, known quantity in a mature community over a fixer-upper or a brand-new build. It’s for someone comfortable with a home from the 1960s and who sees the value in a lot and floor plan that are in line with neighbourhood norms.
Frequently Asked Questions
1. What does the "above average" assessed value ranking actually mean?
It means that, compared to other homes on Margaret Avenue and in the Margaret Park area, this property’s official assessed value is higher than most. This can sometimes reflect factors like better upkeep, additions, or a more desirable location on the street, but it's important to verify this with a current condition inspection.
2. Is the living space considered small?
At just over 1,000 sqft, it is slightly below the Winnipeg city-wide average but is very typical for both Margaret Avenue and the Margaret Park neighbourhood. It represents the standard, efficient footprint common in homes of this era in this community.
3. When was it last sold, and for how much?
The home sold between 2020 and 2025, with the public price data indicating a range of CA$300,000–$350,000. The exact sale price is not publicly listed but can be requested directly from the listing source.
4. How does the lot size compare?
The lot is just under 5,000 sqft, which is average for the street and slightly below average for the wider city. This is a standard residential lot for the area, offering typical backyard space for a mature neighbourhood.
5. The home was built in 1965. What should I consider?
A home of this age will likely have had several systems updated over time. While it's not the oldest on the street, a thorough inspection of the roof, foundation, plumbing, electrical, and heating systems is essential to understand what maintenance or updates may be imminent.