Property Summary: 377 Margaret Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home at 377 Margaret Avenue in the Margaret Park neighbourhood presents a solid, middle-of-the-road offering. Built in 1965, it sits on a nearly 5,000 sqft lot and features a living space of 1,040 sqft. The data suggests it is consistently "around average" when compared to its immediate street, the wider neighbourhood, and the city overall in terms of size, lot dimensions, age, and assessed value. Its appeal lies in this very stability—it is a typical, no-surprises property in a mature area. The home last sold between 2016 and 2025 for an estimated CA$250k–300k, a price point that performed better than many comparable city-wide sales.
This property would suit a practical, value-conscious buyer—perhaps a first-time homeowner or an investor—who prioritizes a established community over flashy features. It’s for someone who sees a home that meets the baseline expectations for the area as a sensible starting point, offering the potential to build equity through updates over time rather than paying a premium for a fully renovated or outlier property.
Frequently Asked Questions
1. How does this home really compare to others in the area?
The metrics show it is consistently near the median for Margaret Park in key categories. It’s not among the largest or smallest homes, nor the newest or oldest. It is a quintessential example of the neighbourhood's housing stock.
2. Why is the city-wide assessed value comparison so different?
The assessed value is compared to all residential properties city-wide. The "average" value shown (390k) is skewed higher by newer, larger homes in suburban developments. This property's ranking (Top 62%) indicates its value is still competitive within the vast Winnipeg market, but it reflects the more modest scale and valuation of many mature, inner-city neighbourhoods.
3. What can the 2017 sale price range tell me?
The prior sale in the CA$250k–300k range, which ranked well city-wide (Top 67%), gives a historical benchmark. It suggests the home has been positioned in an accessible price tier that has attracted buyer interest in the recent past.
4. Is the lot size a pro or a con?
At just under 5,000 sqft, the lot is slightly smaller than the city-wide average but is fairly typical for Margaret Park. It offers a manageable yard for maintenance while still providing private outdoor space—a balanced option for those who want a yard without extensive upkeep.
5. How do I find out the exact past sale price?
The precise sale price is not publicly listed in the database. You can request it directly via the "Get exact sold price history" feature on the listing page. The service provides the accurate figure via email, typically by the end of the same business day.