Property Summary

Key Characteristics & Appeal

This is a 1,320-square-foot home built in 2013, placing it among the newest homes in the Margaret Park area—top 1% locally. The living area is above average for its neighbourhood (top 9%) and roughly on par with citywide norms, though slightly below the median on its own street. The assessed value of $407,000 is notably strong for Margaret Park (top 2%), reflecting both the home’s relative newness and its size compared to older, smaller homes nearby. The land area of 5,063 square feet is about average for the street and city, not oversized.

The appeal here is less about standout luxuries and more about solid, modern fundamentals in an established neighbourhood. Buyers get a home that avoids the compromises often found in older housing stock—better insulation, modern building codes, and likely lower immediate maintenance needs. The assessed value indicates strong local demand and relatively stable equity. This property would suit buyers who prioritize a newer layout and lower upkeep over a large lot or historic character. It’s a good fit for first-time homeowners looking for a turnkey entry into a well-ranked school catchment area, or for downsizers who want modern efficiency without moving to a condo. The less obvious angle: because the home is newer but not in a high-growth suburb, it may hold value better than a flashy renovation in a lower-ranked neighbourhood—its strength is consistency, not hype.

Five Possible FAQs

1. How does this home compare to others on the street?
It’s in the top half for size and assessed value, but it’s not the largest. The street’s average living area is 1,396 square feet, so this home is slightly below that. However, most homes on Templeton Avenue are older (the home ranks in the top 22% for year built), so you’re getting a newer structure than the majority of your immediate neighbours.

2. Why is the assessed value so much higher than the Margaret Park average?
The neighbourhood average assessed value is about $304,600, but this property is assessed at $407,000. That’s largely because it’s newer—almost all homes in Margaret Park were built decades earlier. The home’s size also exceeds the area average by roughly 275 square feet. In short, the local low average pulls the number down, but this property is an outlier for its age and square footage.

3. Is the land area considered small?
Not small—it’s around average for the street and for Winnipeg overall. The land area ranks in the bottom 47% citywide, meaning about half of homes have smaller lots and half have larger ones. It’s a typical suburban lot. If you want space for a big garden or a future addition, you might find it tight, but for standard lawn and parking, it’s adequate.

4. What year was it built, and does that matter for insurance or utilities?
Built in 2013, which is recent enough that the home should meet updated energy codes and electrical standards. Insurance rates are often lower for newer homes because of reduced risk of old wiring, poly-B piping, or asbestos. Utility costs are generally more predictable than a 1970s or 1980s home, but an audit of the specific insulation and windows is still wise before purchasing.

5. How does the living area compare to similar-sized homes in newer subdivisions?
It’s in the same range as many entry-level new builds in city fringe areas, but those often sit on smaller lots. Here, you get a comparable floor plan on a more established, treed street with mature infrastructure. The trade-off is that you won’t have the same pristine “new community” feel—think settled neighbours, older sidewalks, and closer proximity to inner-city amenities.