Property score
48.2
Below average
Overall 48.2 · Larger but older than most nearby homes
1,250 sqft (top 17%) · Built in 1947 (16 yrs older than avg)
Located in a below-average income area with median household income of ~44.4k
Transit 100.0 · 1-min walk to transit with 5 nearby routes · Within 500m: 1 dining spot, and 2 parks nearby
Living Area
Above average
19% larger than neighborhood avg.
Year Built
Below average
16 yrs older than neighborhood avg.
Mother tongue
English · 66%Tagalog · 9%
Past 10 years Margaret Park sales snapshot (~80% of all data)
234
400k
$328/sqft
1963
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48.2 is composed by the two sections below.
Property Score
Community Score
Margaret Park
How to read: Share of sales in each ~$50k price band for “margaret park” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110016
$44K
Median household income
$63K
Average household income
26%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.6
P90 / P10 ratio
58%
Single-person households
16%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
204 Margaret Avenue — 3 amenities found within 500 m, across 2 categories, including 1 dining (nearest 218 m), 2 parks (nearest 433 m).
Margaret Park · WPS public data · 2026
Annual incidents
16
2026
vs. city avg
-46%
relative to avg
Year-over-year
▼ -89%
vs. prior year
Primary type
Property
63%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 45% | Bottom 48% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 204 Margaret Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on space and land. Its key characteristic is a generous 1,250 sqft living area, which is notably above average for both its immediate street and the broader Margaret Park neighbourhood. This is complemented by a sizable lot of nearly 5,000 sqft, offering ample outdoor space that is a rarity in many city areas. Built in 1947, it is a character home from the post-war era, typical for the area.
The primary appeal lies in its potential. With a sold price in the $250k-$300k range and a significantly lower assessed value, it represents a more accessible entry point into the market, particularly for a property of its physical scale. This combination of larger interior and land size at a competitive price point is its standout feature.
This property would suit a practical buyer or investor looking for space over finish. It’s ideal for a hands-on purchaser who values room to grow—whether for a family, a home business, or future renovations—and is less concerned with modern fixtures or a high assessed valuation. It’s a home for those who see utility in solid fundamentals and are comfortable with a property that may require updates.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sale price?
The assessed value is for taxation purposes and often lags behind market trends. A sale price significantly above assessment can indicate strong buyer demand for the property’s specific attributes (like its large lot and living area) in the current market.
2. What does the "below average" ranking for Year Built mean?
It means the home is older than many in its comparison groups. For this 1947-built home, it’s a neutral fact: it offers classic character but likely requires due diligence on the condition of aging components like wiring, plumbing, and the roof.
3. Is the large lot a benefit?
Absolutely. A 5,000 sqft lot in the city provides valuable outdoor space, garden potential, and room for additions like a garage or deck. It also represents a long-term asset, as land size is something that cannot be replicated in newer, denser subdivisions.
4. Who might this property not suit?
It may not suit buyers seeking a modern, turn-key home without projects, or those for whom a low property tax assessment is a top priority. The data suggests it’s a property valued for its utility and space rather than immediate curb appeal or premium finishes.
5. How should I interpret the sold price range?
The listed range is based on public data. To make a fully informed offer or understand precise market movement, you should request the exact sold price history from the provided service, as this will give you the most accurate benchmark.
