Property score
36.5
Below average
Overall 36.5 · Smaller and older than most nearby homes
832 sqft (bottom 23%) · Built in 1947 (16 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 5 parks nearby
Living Area
Below average
21% smaller 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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36.5 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: #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
227 Leila Avenue — 12 amenities found within 500 m, across 5 categories, including 3 dining (nearest 373 m), 1 education (nearest 340 m), 2 shopping (nearest 261 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 4% | Bottom 6% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 227 Leila Avenue, Margaret Park, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home at 227 Leila Avenue presents a specific and compelling value proposition. Its key characteristic is a notably low municipal assessed value, ranking in the top 4% lowest on its street and top 8% citywide. This is paired with a generous, average-sized lot of just over 5,000 sqft. The living space (832 sqft) is modest and below area averages, and the 1947 build date indicates an older home likely requiring updates.
The primary appeal lies in its potential as a land-value opportunity or a foundational project. The significant gap between its assessed value and typical city home values suggests room for equity growth through renovation or redevelopment, making the substantial lot a key asset. It suits practical, value-driven buyers such as investors looking for a hold property, handy homeowners eager to customize a house to their taste over time, or those specifically seeking a lower ongoing property tax burden relative to lot size.
A less obvious perspective is its fit for a multi-generational planning strategy. The large lot in an established neighbourhood could allow for future additions or secondary suites, providing long-term flexibility that newer, denser subdivisions often cannot.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is based on factors like home size, age, condition, and recent sales of comparable properties. The modest living area, older age, and likely original condition of this home contribute to its lower assessment compared to the citywide average, which includes many larger, newer, or renovated homes.
2. What does the sold price range (CA$150k–200k in 2021) indicate?
This public data range shows the home sold within that bracket a few years ago. Given the low assessed value, it confirms the property has been positioned at a more accessible price point, reflecting its status as a home that may benefit from modernization.
3. How should I interpret the "below average" rankings for living area and year built?
These rankings are comparative. They confirm this is a smaller, older home relative to most in Margaret Park and Winnipeg. For the right buyer, this translates to a lower entry point and a canvas for improvement, rather than a move-in-ready premium property.
4. Is the large lot size a major advantage?
Yes. With a lot size that is average for the street but generous by today's standards, it provides valuable outdoor space, potential for gardening, parking, or future expansion. This is a key feature that adds long-term utility and value not fully captured in the current assessment.
5. How do I find out the exact historical sold prices?
The exact sold prices are not public record in Manitoba. As noted on the detail page, you can request this information directly via email from the site; they provide the accurate figures manually without using your email for unsolicited marketing.
