Property score
39.8
Below average
Overall 39.8 · Smaller but newer than most nearby homes
880 sqft (bottom 24%) · Built in 2011 (48 yrs newer than avg)
Located in a below-average income area with median household income of ~44.4k
Transit 92.0 · 3-min walk to transit with 5 nearby routes · Within 500m: 1 dining spot, 1 park, and 1 sports facility nearby
Living Area
Below average
16% smaller than neighborhood avg.
Year Built
Above average
48 yrs newer 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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39.8 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
256 Margaret Avenue — 3 amenities found within 500 m, across 3 categories, including 1 dining (nearest 321 m), 1 parks (nearest 305 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 48% | Top 50% | Bottom 30% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 256 Margaret Avenue
Key Characteristics & Appeal
This home presents a distinct profile defined by its modern build and compact efficiency. Its primary appeal lies in being a notably newer construction (built in 2011) within an established neighbourhood, ranking in the top 4% for age on its street. This suggests benefits like modern building standards, likely newer mechanical systems, and less immediate need for major updates. The living space is cozy at 880 sq ft, placing it below the local average, which positions it as a true starter home or a low-maintenance option. The lot size is also compact relative to the area.
The property suits first-time buyers or downsizers seeking a modern, manageable home without the renovation projects common in older houses. Its assessed value is consistently around the average for its immediate area, indicating it is priced in line with the local market. The combination of a contemporary build on a smaller lot offers a practical, entry-point into homeownership with the potential for lower ongoing maintenance effort and cost.
Frequently Asked Questions
1. What does the "below average" ranking for living and land area actually mean for me?
It confirms this is a compact property. The home itself is smaller than most in Margaret Park, ideal for individuals, couples, or those seeking minimal space to maintain. The lot is also smaller than neighbouring properties, which typically means less outdoor upkeep.
2. The home is newer, but why is the assessed value only average?
While the modern build is a significant asset, the assessed value is a blend of factors including the smaller square footage and lot size. It reflects a balance: you're paying for the condition and age of the structure, not for expansive space or land.
3. How significant is the "Elite" ranking for the year built?
Very. In a neighbourhood where comparable homes average a 1955-1963 build date, a 2011 construction stands apart. This often translates to better energy efficiency, newer wiring and plumbing, and contemporary layouts, reducing the likelihood of costly, near-term replacements.
4. Who might this property not suit as well?
Buyers prioritizing large indoor living areas, extensive gardens, or the character/details of an older home may find it limiting. It’s geared toward practicality and modern convenience over space and traditional charm.
5. The sold price history shows a range from 2019. How can I get an accurate current value?
The listed sold price is an estimated range from public data. For the exact historical sale price to inform your offer, you can request it directly via the email service provided on the listing page. This ensures you have precise figures for comparison.
