41.5
Below average
Property score
41.5
Below average
Overall 41.5
Smaller but newer than most nearby homes
672 sqft (bottom 14%)
Built in 1971 (8 yrs newer than avg)
Located in a above-average income area
with median household income of ~67k
Transit 76.0
5-min walk to transit with 4 nearby routes
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
36% smaller than neighborhood avg.
Year Built
Above average
8 yrs newer than neighborhood avg.
Mother tongue
English · 68%Tagalog · 7%
Past 10 years Margaret Park sales snapshot (~80% of all data)
234
400k
$328/sqft
1963
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41.5 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: #46110763
$67K
Median household income
$81K
Average household income
14%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
30%
Single-person households
23%
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
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 | Top 14% | Bottom 28% | Bottom 19% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 43% | Bottom 18% | Bottom 11% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 29% | Bottom 9% | Bottom 7% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 225 Seaforth Avenue, Winnipeg
Section 1: Overview & Appeal
This 672 sqft bungalow, built in 1971, sits on a 3,461 sqft lot in Margaret Park. Its key characteristic is balance: it is consistently an average-to-above-average property within its immediate street context, offering stability in a well-established neighbourhood. The home’s appeal lies in its manageability and value proposition. With a living area and assessed value that are typical for Seaforth Avenue, it represents a practical entry point into the area without the premium often attached to larger or newer homes. The lot size, while smaller than many in the wider city, is standard for the street, offering a low-maintenance yard.
This property would suit first-time buyers or downsizers seeking a straightforward, no-surprises home in a mature neighbourhood. It’s also a sensible fit for an investor looking for a stable rental property, given its consistent valuation history and recent resale activity in 2019 and 2022. A less obvious perspective is that its 1971 build date is notably newer than many homes in Margaret Park, potentially meaning fewer immediate concerns with aging infrastructure compared to neighbourhood averages.
Section 2: Frequently Asked Questions
1. How does this home compare to others in the area?
Within its immediate block on Seaforth Avenue, this home is very typical in terms of size, value, and lot. Compared to the broader Margaret Park neighbourhood and Winnipeg overall, it sits below average for living space and lot size, which is reflected in its accessible price point.
2. What is the likely property tax based on the assessed value?
With an assessed value of $23,800, the municipal property taxes would be relatively low. You can calculate an estimate by applying the City of Winnipeg’s current mill rate to this assessment.
3. The home sold in 2019 and again in 2022. What does this indicate?
The recent turnover suggests the property is seen as a liquid asset in the market. It doesn’t inherently indicate a problem; rather, it may reflect its appeal as a starter home or a well-priced investment property that changes hands more frequently.
4. Is the smaller living area a concern?
At 672 sqft, the home is compact. It suits a lifestyle that prioritizes simplicity, lower utility costs, and minimal upkeep. It may not be ideal for those needing multiple dedicated rooms or significant storage space, but it is efficient.
5. Why is the city-wide assessed value average so much higher?
The city-wide average (shown as ~$390k) includes all property types and sizes across Winnipeg. This home’s assessment is appropriately lower due to its smaller size and specific location, making it a more affordable option within the broader market.
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