Property score
44.8
Below average
Overall 44.8 · Larger but older than most nearby homes
1,178 sqft (top 25%) · Built in 1924 (39 yrs older than avg)
Located in a below-average income area with median household income of ~44.4k
Transit 100.0 · 2-min walk to transit with 5 nearby routes · Within 500m: 1 dining spot, 1 park, and 1 sports facility nearby
Living Area
Above average
12% larger than neighborhood avg.
Year Built
Below average
39 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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44.8 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
248 Margaret Avenue — 3 amenities found within 500 m, across 3 categories, including 1 dining (nearest 283 m), 1 parks (nearest 347 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 32% | Top 32% | Bottom 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 248 Margaret Avenue
Key Characteristics & Appeal
This home at 248 Margaret Avenue in Winnipeg's Margaret Park neighbourhood presents a specific and compelling value proposition. Its key characteristic is a notable imbalance between its lot size and its assessed value. The property sits on a generous 4,997 sqft lot, which ranks in the top 21% for size on its street, offering above-average outdoor space potential for the area. However, its assessed value is significantly below average both locally and city-wide. This combination suggests a property where the land may hold substantial value relative to the current improvements.
The primary appeal lies in this value-oriented foundation. It suits two main types of buyers: first, the practical investor or homeowner looking for a solid lot in a mature neighbourhood with the vision to update or expand the existing 1,178 sqft dwelling (built in 1924). Second, it appeals to the value-conscious buyer prioritizing lot size over a modern or recently renovated home, who sees potential in the disconnect between the land asset and the current valuation. It’s a property that asks for a future-focused perspective, where the appeal is not in move-in-ready perfection but in the underlying opportunity.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's current state as of the last assessment. For a home built in 1924, the value reflects the age and condition of the structure itself. The lower assessment highlights that the significant value here is likely in the land asset, not the existing building.
2. What does the sold price range from 2022 indicate?
The previous sale in the $300k-$350k range provides a recent market benchmark. It shows that buyers have recently paid a premium over the assessed value, indicating market recognition of the property's potential beyond the official tax assessment.
3. Is the larger lot size a benefit or a burden?
It is generally a strong benefit, offering more privacy, space for gardens, play, or additions, and future development potential. However, it may come with slightly higher maintenance (like lawn care) and property taxes compared to neighbouring homes on smaller lots.
4. What should I consider about a house built in 1924?
While offering classic charm and potentially sturdy construction, a home of this age will very likely require investments in updating major systems (like plumbing, electrical, or insulation) to meet modern standards and efficiency. A thorough inspection is essential.
5. How reliable are the "top percentile" rankings provided?
These rankings are useful for quick, at-a-glance comparisons against immediate neighbours and the wider city. They accurately show that this home has a larger-than-average lot for its street but an older and lower-assessed home. They are a snapshot for comparison, not a verdict on quality.
