338 Margaret Avenue

Margaret Park, Winnipeg

Property score

67.7

Good

Overall 67.7 · Larger and newer than most nearby homes

1,358 sqft (top 7%) · Built in 1977 (14 yrs newer than avg)

Located in a above-average income area with median household income of ~83k

Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 1 school, 5 parks, and 1 sports facility nearby

Living Area

Above average

30% larger than neighborhood avg.

Year Built

Above average

14 yrs newer than neighborhood avg.

Mother tongue

English · 71%Tagalog · 6%

Past 10 years Margaret Park sales snapshot (~80% of all data)

Sold Count

234

Median price

400k

$/sqft

$328/sqft

Avg build year

1963

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Property score

67.7 is composed by the two sections below.

Property Score

64.3Fair
Living Area1,358 sqft71Good
Year Built197767Good
Lot Size3,996 sqft46Low
Neighbourhood Sales Activity28Low

Community Score

72.7Good
Household Income78Good
Education Level63Fair
Housing Stress83Excellent
Core Housing Need76Good
Employment Health52Fair

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110765

Community deep dive

$83K

Median household income

$88K

Average household income

10%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.1

P90 / P10 ratio

20%

Single-person households

24%

Families with children

Population, labour & age

Population (2021)397
Labour force participation rate60%
Median age38.0
Avg household size2.8
Unemployment rate13%
Population density1654 / km²

Households & income

Low income (LIM-AT, % pop.)10%
Single-person households20%
Couple families with children24%
Median household income (2020)$83K

Housing

Renter households8%
Condominium dwellings0%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)19%
Visible minority29%
Bachelor's or higher (25–64)34%
Mother tongue (1st)English · 70%
Mother tongue (2nd)Tagalog · 6%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,358 sqft
0255075100
Same streetTop 10%Same areaTop 7%CitywideTop 38%
Same street · Margaret Avenue
#9 / 89
Top 10% · Avg 1,084 sqft
Same area · Margaret Park
#49 / 676
Top 7% · Avg 1,047 sqft
Citywide · Winnipeg
#73,959 / 194,458
Top 38% · Avg 1,342 sqft

Tax-Assessed Value

above average
351k
0255075100
Same streetTop 24%Same areaTop 17%CitywideBottom 47%
Same street · Margaret Avenue
#21 / 89
Top 24% · Avg 299.3k
Same area · Margaret Park
#112 / 676
Top 17% · Avg 304.6k
Citywide · Winnipeg
#103,913 / 194,458
Bottom 47% · Avg 390.1k

Year Built

above average
1977
0255075100
Same streetTop 18%Same areaTop 6%CitywideTop 37%

Lot Size

below average
3,996 sqft
0255075100
Same streetBottom 18%Same areaBottom 22%CitywideBottom 25%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

338 Margaret Avenue — 7 amenities found within 500 m, across 3 categories, including 1 education (nearest 324 m), 5 parks (nearest 141 m).

Search radius
🏫Education1
🌳Parks5
💪Sports1

Crime & Safety

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%

Sales History

Sold 8/2021CA$350k–400k
Sold price

Same street

Top 16%

Same area

Top 16%

City-wide

Top 42%

Related homes

Highlights & common questions: 338 Margaret Avenue, Winnipeg

Property Overview

This home at 338 Margaret Avenue presents a compelling blend of space, modernity, and location within Winnipeg's Margaret Park neighborhood. Its key appeal lies in its above-average living area of 1,358 sqft, which ranks in the top 10% for its street and top 7% within the local area, offering more interior space than most comparable homes nearby. Built in 1977, it is a newer construction relative to many homes in the area, potentially meaning fewer concerns with aging infrastructure. The assessed value is solidly above average for the immediate vicinity.

However, the perspective shifts when considering the land. The lot size is below average for the street, neighborhood, and city, which may limit expansive outdoor projects but also translates to less yard maintenance. This property would ideally suit practical buyers who prioritize generous indoor living space and a relatively modern build over a large yard. It’s a strong fit for young families, professionals, or downsizers seeking a comfortable, move-in-ready home in a well-established community without the upkeep of a massive lot.


Frequently Asked Questions

1. How does the home’s size truly compare to others?
With 1,358 sqft of living area, this home is notably larger than most in the immediate area. It outperforms about 90% of homes on Margaret Avenue and 93% in the broader Margaret Park neighborhood for interior space.

2. What are the implications of the below-average lot size?
The lot is smaller than typical for the area. This likely means a more manageable yard for maintenance but less private outdoor space. It’s a trade-off that prioritizes the home’s interior footprint over its land footprint.

3. Does "newer" construction (1977) offer real advantages?
Yes, especially in an older city. Being built decades after many area homes suggests potentially updated electrical, plumbing, and insulation standards, which can mean lower immediate repair costs and better energy efficiency.

4. How stable is the property’s value in this location?
The assessed value is above the local average, indicating it’s viewed favorably relative to its neighbors. Its last sale was in the 2021 market; a current market evaluation is essential to understand its price in today’s conditions.

5. Where can I see more detailed local data and comparisons?
The listing suggests using a “neighbourhood analysis page” to see this property on a map and compare it directly with nearby homes on metrics like year built, size, and value. For exact historical sold prices, you must request the information directly from the site.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.