Property Overview: 68 Weinberg Road, Margaret Park, Winnipeg
Key Characteristics & Appeal
This 1,132 sqft bungalow, built in 1967 on a standard 5,397 sqft lot, presents a compelling opportunity in the Margaret Park neighbourhood. Its primary appeal lies in its strong value proposition and established location. While the living space is average for the area, the property stands out for its elite assessed value ranking on its street (top 3%) and an above-average ranking within the wider neighbourhood. This suggests it is a well-regarded property within its immediate community, potentially due to its condition, specific upgrades, or lot advantages not captured by raw size metrics.
The home would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a solid investment in a mature neighbourhood over brand-new construction. Its two recorded sales (2016 and 2019) indicate a stable history without frequent turnover. A thoughtful perspective for buyers is that a home with an assessed value significantly outpacing its peers on the street can be a double-edged sword: it implies strong inherent value but may also result in a proportionately higher property tax burden.
Frequently Asked Questions
1. What does its high assessed value ranking on the street actually mean?
It means that, according to municipal assessment, this property holds the highest or one of the highest values on Weinberg Road. This typically reflects a combination of the home's condition, size, features, and lot desirability relative to its immediate neighbours.
2. Is the living space smaller than average?
At 1,132 sqft, it is very close to the average for both Margaret Park (1,047 sqft) and its own street (1,135 sqft). It provides standard-sized family living space for a bungalow of its era.
3. What can the past sale prices tell me?
The home sold between $250k-$350k in 2016 and again between $300k-$350k in 2019. This history shows price appreciation over that period and suggests a stable market for the property. For the exact sale prices, you can request them via email from the listing source.
4. How does the year built (1967) compare?
Built in 1967, it is newer than many homes in Winnipeg but is average for its neighbourhood. This era of home often features practical layouts and may have undergone updates; a thorough inspection is recommended to understand the state of major aging components like the roof, windows, and plumbing.
5. Who are the most comparable properties?
The listing shows comparable properties based on identical assessed value, not style or size. These similarly assessed homes are located primarily in the Elmhurst area, which can be useful for understanding how the city valuations compare across different neighbourhoods.