Property Overview: 382 Armstrong Avenue, Margaret Park, Winnipeg
Key Characteristics & Appeal
This home presents a solid, middle-of-the-road opportunity in Winnipeg's Margaret Park neighbourhood. Built in 1965, its 1,062 sqft living area and assessed value are consistently "around average" when compared to similar homes on its street, in the area, and across the city. This statistical consistency suggests a property that is neither over-improved nor under-improved for its context, offering a stable and predictable entry point into the market.
The standout feature is the lot size. At 5,120 sqft, the land area ranks in the top 27% on Armstrong Avenue, meaning it is notably larger than many of its immediate neighbours. This offers valuable outdoor space and potential that the home itself may not fully reflect in its current metrics. The appeal here is grounded in practicality and potential: it's a home for those who see value in a manageable-sized house on a generous lot, within a neighbourhood of similar, established properties. It would suit first-time buyers, downsizers, or value-oriented investors looking for a straightforward property without extreme highs or lows, where the extra land provides a tangible asset for gardening, expansion, or simply more privacy.
Frequently Asked Questions
1. What does "around average" for most metrics actually mean for a buyer?
It means the property is unlikely to have surprising deficiencies or premium features that drastically affect its value compared to peers. This can be an advantage, offering a stable, known quantity without paying a premium for standout finishes or dealing with major drawbacks.
2. How significant is the larger lot size?
It's the property's key differentiator. In an established neighbourhood, larger lots are finite. This provides more private outdoor space than many neighbours and could offer future potential (like an addition or garage), subject to local zoning bylaws.
3. Why is the exact sold price history not publicly listed?
Sold price data can be incomplete in public records. The listing service offers to provide the exact history manually via email to ensure accuracy, as they compile data from multiple non-public sources.
4. Who would this property NOT suit?
Buyers seeking a modern, turn-key home or those prioritizing top-tier neighbourhood rankings. The home's averages and 1960s build suggest it may require updates and is positioned in the mainstream of the local market, not at the top.
5. How useful are the provided rankings and comparisons?
They offer valuable, data-driven context. Seeing that the home consistently falls near the median for value, size, and age in multiple comparisons helps set realistic expectations about its market position and price.