45.3
Below average
Property score
45.3
Below average
Overall 45.3
Smaller and older than most nearby homes
848 sqft (bottom 23%)
Built in 1917 (46 yrs older than avg)
Located in a above-average income area
with median household income of ~73k
Transit 94.0
1-min walk to transit with 4 nearby routes
Within 500m: 2 dining spots, 1 school, 2 shops, and 5 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
19% smaller than neighborhood avg.
Year Built
Below average
46 yrs older than neighborhood avg.
Mother tongue
English · 66%Tagalog · 18%
Past 10 years Margaret Park sales snapshot (~80% of all data)
234
400k
$328/sqft
1963
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45.3 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: #46110015
$73K
Median household income
$77K
Average household income
9%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
31%
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
281 Leila Avenue — 11 amenities found within 500 m, across 5 categories, including 2 dining (nearest 475 m), 1 education (nearest 370 m), 2 shopping (nearest 391 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 7% | Bottom 13% | Bottom 9% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 3% | Bottom 4% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Section 1: Key Characteristics & Appeal
This home at 281 Leila Avenue in Margaret Park is defined by its position as a value-oriented entry point into the Winnipeg market. Its key characteristic is a notably low municipal assessed value of $19,500, which places it in the bottom 3% of homes on its street and in its neighbourhood. The house itself is compact at 848 sq ft and was built in 1917, suggesting it may require updates or renovations. The lot size is also modest for the area at just under 4,000 sq ft.
The appeal lies squarely in opportunity. This property suits a specific buyer: the hands-on investor or the pragmatic first-time buyer with a renovation budget and vision. It’s not a move-in-ready home but a foundation. Its low tax assessment and historically lower sold price ranges (between $150k-$200k in 2017 and 2021) indicate a accessible purchase price, freeing up capital for improvements. A thoughtful perspective is that a home of this age in a mature neighbourhood like Margaret Park often possesses a character and solid construction that newer builds may lack, offering a chance to modernize while retaining unique period features. It’s a property for someone looking to build equity through sweat and investment, rather than purchasing it fully realized.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the typical city average?
Municipal assessments are based on a mass appraisal system considering factors like age, size, and recent sales. The 1917 build date, smaller living area, and likely the home’s condition contribute to this low valuation, which is common for older, unrenovated properties.
2. What does the "ranking" data for Living Area and Year Built mean for me?
The rankings show this home is smaller and older than most comparable properties in its immediate area and across Winnipeg. This isn’t inherently negative—it directly explains the lower value and presents the opportunity to increase the home’s worth through a thoughtful expansion or modernization.
3. Are the listed sold prices from 2017 and 2021 accurate?
The listed prices are reliable ranges based on public data. For the exact sale figures, you must request them directly via the provided email service, as precise sale prices are not publicly disclosed in Manitoba.
4. What should I budget beyond the purchase price?
Given the age and metrics, you should budget significantly for potential updates to major systems (roof, wiring, plumbing, insulation) and interior modernization. A thorough inspection is essential to define this scope.
5. Who would this property NOT be suitable for?
It is not suitable for buyers seeking a turnkey, low-maintenance home, or for those who cannot commit additional time and finances for renovations. It is also likely not ideal for a large family needing ample immediate space.
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