Property Overview & Key Characteristics
This home at 374 Armstrong Avenue in Winnipeg's Margaret Park neighbourhood presents a compelling blend of space, value, and established community living. Built in 1966, its key appeal lies in its above-average dimensions relative to its immediate area. With 1,365 sqft of living space and a 5,571 sqft lot, it ranks in the top 16-23% on its street for size, offering more room than many nearby homes. The assessed value of $35,60k is also above the local averages, suggesting a property that holds its worth well in the context of Margaret Park.
The home suits practical buyers looking for a solid, spacious property in a mature neighbourhood without the premium of a newer build. It’s ideal for those who value interior and yard space over a modern construction date and appreciate a home that stands above its direct peers in key metrics. A thoughtful perspective is that while the home is average in age city-wide, its superior lot and living area on Armstrong Avenue indicate it was likely a more substantial model in its time, offering a sense of permanence and room to grow that can be harder to find on neighbouring properties.
Frequently Asked Questions
1. How does this home’s value compare to the rest of Winnipeg?
While its assessed value is above average for Margaret Park, it sits around the middle of the pack city-wide. This highlights that its primary value is in the local context—offering more space and a higher assessment than nearby homes, which can be an advantage within the neighbourhood.
2. What does the sold price range from 2022 indicate?
The previous sale in the CA$400k–450k range suggests the market price was significantly higher than the current assessed value for taxation purposes. This is common and indicates strong buyer demand for properties in this area at that time.
3. Is the 1966 build date a concern?
The year is average for the street and city. While it means updates may be needed, the home has outperformed many of its contemporaries by remaining a larger, higher-value property in its local setting. Its age is typical for the area’s character.
4. What is the real benefit of the above-average rankings?
These rankings show you are getting a property that is physically larger and has a higher assessed value than most homes on its street and in Margaret Park. This can mean more room for your investment and a potentially stronger position within the local market.
5. How can I get the exact historical sold price?
The exact sold price is not publicly listed. You can request it by email via the button on the property page. The service is manual, with a promised reply by the end of the same day, and your email will not be used for unsolicited marketing.