Property Overview: 385 Leila Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 385 Leila Avenue in the Margaret Park neighbourhood presents a solid, grounded opportunity. Built in 1965, it offers about 1,000 sqft of living space, which is typical for the area. The standout feature is its lot size of over 5,600 sqft, which ranks well above average for both the street and the neighbourhood. This provides valuable outdoor space and potential that many nearby properties lack. With an assessed value around $30,600, it sits comfortably in the mid-range for the community, suggesting a manageable entry point without being a distressed property.
The appeal here is one of balance and practicality. It’s a home that doesn’t stand out for luxury or size, but for offering a genuinely larger yard in an established area. It would suit a first-time buyer or a practical downsizer looking for a manageable home with room for a garden, pets, or future additions. It’s also a sensible fit for a value-oriented investor seeking a stable rental property in a neighbourhood of similar, well-maintained homes. A less obvious perspective is that its "average" metrics in most categories can be a strength, indicating a lower risk of overpaying for premium features or facing unexpected comparisons when it’s time to sell.
Section 2: Frequently Asked Questions
1. What is the exact recent sale price?
Public records show it last sold between $250,000 and $300,000 in 2019. The listing service offers to provide the exact sold price via email upon request.
2. How does the lot size compare to others?
The property’s land area of 5,613 sqft is a key advantage. It ranks in the top 30% within Margaret Park, meaning you get more yard space than most homes in the immediate area.
3. Is the home older or newer than others nearby?
Built in 1965, it is slightly older than the average home on Leila Avenue (avg. 1970) but is very typical for the city overall. Buyers should budget for maintenance consistent with a home of this age.
4. What does the "around average" assessment mean for value?
The assessed value is typical for the street, neighbourhood, and city. This suggests the property is priced in line with market norms, neither a standout bargain nor overvalued based on municipal assessment.
5. Who are the closest neighbours?
The home is on a well-established street with very close neighbours. The adjacent properties at 389 and 381 Leila Avenue are just 16 meters away, indicating a standard, close-knit suburban lot layout.