Property score
29.9
Below average
Overall 29.9 · Smaller and older than most nearby homes
672 sqft (bottom 14%) · Built in 1955 (8 yrs older than avg)
Located in a below-average income area with median household income of ~44.4k
Transit 94.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 2 dining spots, 1 school, 2 shops, and 5 parks nearby
Living Area
Below average
36% smaller than neighborhood avg.
Year Built
Below average
8 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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29.9 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
242 Newton Avenue — 11 amenities found within 500 m, across 5 categories, including 2 dining (nearest 355 m), 1 education (nearest 378 m), 2 shopping (nearest 285 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 | Top 47% | Bottom 48% | Bottom 29% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 11% | Bottom 15% | Bottom 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 242 Newton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 242 Newton Avenue in Margaret Park is a practical, no-frills property that represents an accessible entry point into the Winnipeg market. Its key characteristic is its modest 672 sqft living area, which is notably compact compared to most homes in the neighbourhood and city. Built in 1955, it sits on a roughly average-sized lot for the street. The appeal lies in its affordability and efficiency. With an assessed value significantly below the city average, it offers a lower barrier to entry for first-time buyers, investors, or those seeking to downsize without a large lot to maintain. Its recent sale history suggests it has been a turnover property, potentially appealing to renovators or those looking for a functional starter home to build equity. It would best suit a buyer with straightforward needs, a limited budget, and who values location over square footage.
A less obvious perspective is that its very compact size, while a limitation, forces efficient use of space and could result in lower utility and maintenance costs. Additionally, its assessed value is quite typical for its immediate street, indicating it fits right into the local economic fabric rather than being an outlier.
Section 2: Frequently Asked Questions
1. Is the house unusually small?
Yes. At 672 sqft, the living area is smaller than approximately 93% of homes on Newton Avenue and 98% of homes citywide. This is the property's most defining feature.
2. What is the likely buyer profile for this home?
It is most suited to first-time homebuyers, investors looking for a rental property, or individuals/couples downsizing who prioritize affordability and a manageable space over roominess.
3. How does its value compare to the area?
Its assessed value is around the average for Newton Avenue and the Margaret Park neighbourhood, but it sits well below the average assessed value for the entire City of Winnipeg. This indicates you are paying primarily for location within a specific, more affordable pocket.
4. Has the property value increased?
Based on the sold price ranges provided, the property likely appreciated between its 2017 and 2022 sales. For the exact sale prices to confirm the rate of increase, you must request the information via email from the listing service.
5. What are the less obvious considerations?
The lot size is fairly standard for the street but below the neighbourhood average. This means outdoor space is limited but not atypical for the immediate area. Also, as a home built in the mid-1950s, prospective buyers should budget for potential updates to major aging components like the roof, plumbing, or wiring.
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