Property score
40.2
Below average
Overall 40.2 · Older than most nearby homes
1,010 sqft (bottom 32%) · Built in 1920 (43 yrs older than avg)
Located in a below-average income area with median household income of ~44.4k
Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 3 dining spots, 1 school, 2 shops, and 6 parks nearby
Living Area
Below average
4% smaller than neighborhood avg.
Year Built
Below average
43 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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40.2 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
209 Leila Avenue — 13 amenities found within 500 m, across 5 categories, including 3 dining (nearest 339 m), 1 education (nearest 346 m), 2 shopping (nearest 213 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 10% | Bottom 19% | Bottom 12% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 5% | Bottom 8% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 209 Leila Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Leila Avenue in Margaret Park is defined by its historical roots and its position as a value-oriented entry point into the Winnipeg market. Built in 1920, it’s a century-old property with a modest 1,010 sqft living space and a smaller 3,629 sqft lot compared to area averages. Its most striking characteristic is its exceptionally low municipal assessed value ($19,200), which places it in the bottom 3-7% of comparable homes locally. This suggests significant potential for value adjustment post-renovation or simply represents one of the most affordable detached property opportunities available.
The primary appeal lies in its affordability and lot value. It suits a specific type of buyer: the hands-on renovator looking for a footprint to reshape, an investor seeking a low-cost entry with long-term redevelopment potential, or a very budget-conscious first-time buyer willing to trade modern finishes for ownership. A less obvious perspective is its potential as a "blank slate" in an established neighbourhood; its low assessment could mean lower property taxes initially, and any improvements made are likely to disproportionately increase its value from its current base. It’s not a move-in-ready home for those seeking convenience, but a project with foundational equity in its land and location.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than other homes?
Municipal assessments are based on prior market value and physical characteristics. A combination of the home’s age, smaller size, and likely a need for modernization has resulted in this low valuation. It reflects its current condition, not necessarily its potential future market price.
2. What type of renovation budget should I consider?
Given the age and the data suggesting it lags behind area norms, buyers should budget for significant updates. This likely includes essential systems (plumbing, electrical, heating), insulation, and structural integrity, before considering cosmetic improvements. A thorough inspection is crucial.
3. Is this a good investment for future resale?
Its appeal as an investment hinges on the renovation scope. The low starting point means well-executed improvements could see strong percentage gains in value. However, profitability depends on controlling renovation costs and market conditions at the time of resale.
4. How does the smaller lot size impact its potential?
The lot is below average for the area but still provides standard yard space for a city home. It may limit possibilities for large additions or secondary suites that require specific setbacks, so checking local zoning bylaws for any expansion plans is important.
5. The sold price history shows a range of $200k-$250k in 2020. Why the discrepancy with the assessment?
The assessment is an administrative value for tax purposes, often lagging behind the private market. The past sale price indicates what a buyer was willing to pay several years ago, which was substantially higher than the current assessed value, highlighting the property's potential for market value to diverge from its official assessment.
