Property Overview: 376 Margaret Avenue
Key Characteristics & Appeal
This home at 376 Margaret Avenue presents a compelling opportunity in Winnipeg's Margaret Park neighborhood. Its primary appeal lies in offering above-average space and value within its immediate context. With 1,335 sqft of living area and a 5,349 sqft lot, it ranks in the top 12% and 11% respectively for size on its own street, providing more room than most direct neighbors. The assessed value of $393,000 is notably strong, placing it in the top 7% on Margaret Avenue and the elite top 4% within the broader Margaret Park area, suggesting it is a high-value property in its local market.
Built in 1969, it is a newer construction compared to many homes in the area, potentially meaning fewer major retrofits. The property would suit practical buyers looking for a spacious, well-situated family home in a mature neighborhood, who value a larger lot and living area without necessarily paying a premium at the city-wide level. It’s also a solid option for value-conscious investors or homeowners who prioritize equity and standing within a specific community over chasing city-wide trends.
Frequently Asked Questions
1. How does this property truly compare to others in the city?
While it ranks as above-average or elite for value and size within Margaret Park, its metrics are around the city-wide median. This indicates you are paying for a premium position in a desirable local area, rather than for an exceptionally large or new home by Winnipeg's overall standards.
2. What does the strong assessed value relative to the area indicate?
A high assessed value ranking locally often reflects desirable lot size, living area, condition, or improvements. It suggests the property is considered a top-tier asset on its street and in the neighborhood, which can be a positive signal for long-term value retention in that specific community.
3. The home sold between 2020-2025 for an estimated $300k-$350k. Why is the assessed value now higher?
Assessed value for taxation purposes and market sale price are related but different. The current higher assessment likely reflects municipal valuation increases applied across the market since its last sale, and may align with broader appreciation in the Margaret Park area.
4. Is a 1969-built home a concern?
Built in 1969, this home is newer than many in Margaret Park. While core systems (roof, windows, furnace) may be due for updates depending on their maintenance history, its age suggests it may benefit from some renovations already completed, unlike much older heritage properties.
5. How can I get the exact historical sale price?
The exact sale price is not publicly listed. As noted on the detail page, you can provide your email address to request this information manually from the service. They have committed to providing the accurate figure without using your email for unsolicited marketing.